STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant is long as the market craziness continues. The algo number and signal line are both at +36 so flip a coin. The bulls and bears are in a dead-even tug-o-war for control of the stock market direction.

The market bulls need higher banks and copper either XLF above 27.91 (now at 27.70) and/or JJCTF above 34.92 (now at 34.46). Either one will confirm that the bulls are going to take the stock market higher.

The bears need higher volatility for the VIX to move above 16.04 (now at 15.41). If volatility turns bearish, and the SPX drops below 2659, Keybot will likely flip back to the short side, hence the imminent turn notation is in the title line.

Bulls need higher banks and copper. Bears need higher volatility. Copper futures trade overnight and the VIX comes on line at 3 AM EST so these two parameters will provide hints on the direction of the stock market for the Monday session before it begins.

Monday is EOM (end-of-month) so a pre-scheduled number will print. Another pre-scheduled number prints Friday morning before the opening bell. The beat goes on.

5/6/18; 7:00 PM EST =

5/4/18; 9:00 AM EST =

4/30/18; 7:00 PM EST EOM =

4/29/18; 7:00 PM EST = +36; signal line is +36 but algorithm remains long

4/27/18; 12:52 PM EST = +36; signal line is +37 but algorithm remains long