STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. Out of the gate on Monday, the bulls slap the bears in the face once again. Slap, slap. Commodities rally creating lift in the stock market to begin the week. Stocks also rise in the Tuesday session but Keybot does not print any numbers during the market joy. The algo number is 12 points above the signal line verifying that the bulls remain in charge of the stock market.

Copper and commodities are battling. Copper is the only major market parameter that creates negativity in the stock market. The bulls need JJCTF above 31.95 (now at 30.43) to create substantive new all-time record highs in the S&P 500.

The bears need to push commodities lower, GTX under 2714 (now at 2735), to create market negativity. If copper remains in the bear camp, and commodities in the bull camp, the stock market will chop sideways with a slight upward bias. The beat goes on.

8/12/18; 7:00 PM EST =

8/6/18; 9:36 AM EST = +84; signal line is +72

8/5/18; 7:00 PM EST = +70; signal line is +71 but algorithm remains long