STOCK MARKET BEARISH -- SHORT -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains short as the algo continues to spit out numbers faster than a baseball coach leaning over a dugout railing. Keybot prints a dozen numbers in the Monday session. Markets are erratic and unstable. The bulls and bears are in a knock-down, drag-out fight for control of the stock market.

Keybot is champing at the bit to go long as the Monday session ended but the internal parameters will not latch to allow the move. At the opening bell for Tuesday morning, all things remaining the same, if the SPX moves above 2645, only a point or two higher than the opening price, Keybot will likely flip long. As always, the bulls need a slow, consistent and steady rise higher in SPX price and not a gap-up move which would delay any potential flip to the long side. S&P futures are down -2 about 2-1/2 hours before the opening bell.

Copper, utilities, retail and volatility are the four key parameters controlling stock market direction right now. The utility trapdoor remains open with UTIL under 711.70. Bears also benefit from weak copper.

Stock market bulls will drive stocks higher if UTIL moves above 711.70 and/or CPER above 16.96. Copper futures are higher this morning so CPER may flip bullish at the opening bell for the regular trading session which would provide market lift.

Bears need utes and copper to remain weak and at the same time smack retail stocks lower and drive volatility higher. Bears need RTH below 98.40 and/or VIX above 19.80 to send the stock market strongly lower. Keybot prints a pre-scheduled number this morning (Tuesday).

1/31/19; 7:00 PM EST EOM =

1/29/19; 10:00 AM EST =
1/28/19; 1:13 PM EST = +10; signal line is +5 but algorithm remains short
1/28/19; 12:59 PM EST = -4; signal line is +4
1/28/19; 12:31 PM EST = +10; signal line is +4 but algorithm remains short
1/28/19; 12:30 PM EST = -6; signal line is +3

1/28/19; 11:46 AM EST = -20; signal line is +3

1/28/19; 11:18 AM EST = -6; signal line is +3

1/28/19; 11:06 AM EST = -20; signal line is +3
1/28/19; 10:49 AM EST = -6; signal line is +3

1/28/19; 10:26 AM EST = +10; signal line is +3 but algorithm remains short

1/28/19; 9:56 AM EST = -20; signal line is +2

1/28/19; 9:52 AM EST = -6; signal line is +2

1/28/19; 9:36 AM EST = +10; signal line is +1 but algorithm remains short

1/27/19; 7:00 PM EST = +26; signal line is +1 but algorithm remains short