STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant flips to the short side at SPX 2924 during the last minute of trading on Wednesday. Isn't that something? The S&P 500 came all the way down to the 2924 that the robot called out before the trading day began. Copper failed ushering in stock market weakness. You saw the red metal sliding away and then it was bludgeoned -4%. CPER failed at the opening bell and is now in the bear camp.

The stock market should remain in a sick malaise, and the topside capped, as long as CPER remains below 18.06 (now at 17.48). Copper futures were down -0.3% an hour ago but are now turning positive about 7 hours before the opening bell for the regular Thursday US trading session. S&P futures are up +3. Bulls have their work cut out for them; they need copper to pop +3.3% and more to gain back the upside trend in equities. In these markets, anything can happen. Bulls will be singing songs of joy if the S&P 500 rallies back to the 2953-2954 area.

Keybot is now tracking volatility and commodities as key parameters most impacting stock market direction. Bears need VIX above 16.47 (now at 14.80) and GTX below 2540 (now at 2605). If either parameter turns bearish, this tells you that the downside coming is real and has legs. If VIX or GTX does not turn bearish, stocks will likely chop sideways.

On the last trade, which only lasted 3 days, the algo program and the actual trading each lose about a half percent. The S&P 500 benchmark index is up +16.6% this year and the actual trading generated by Keybot is up +18.8%. Keybot exited SSO and entered QID remaining in the 2x ETF's. As always, stay alert for a whipsaw move although the bulls will likely need to move the SPX above 2953-2954 to flip Keybot back to the long side. The SPX begins the Thursday trade at 2924.

5/5/19; 7:00 PM EST =

5/3/19; 9:00 AM EST =

5/1/19; 3:59 PM EST = +84; signal line is +91; go short 2924; (Benchmark SPX for 2019 = +16.6%)(Keybot algorithm program this trade = -0.4%; Keybot algo for 2019 = +9.7%)(Actual results this trade = -0.6%; Actual trading results for 2019 = +18.8%)

5/1/19; 9:36 AM EST = +84; signal line is +91 but algorithm remains long

4/30/19; 7:00 PM EST EOM = +100; signal line is +91

4/30/19; 10:00 AM EST = +100; signal line is +91
4/29/19; 10:46 AM EST = +100; signal line is +90

4/29/19; 9:36 AM EST = +84; signal line is +90 but algorithm remains long
4/28/19; 7:00 PM EST = +100; signal line is +91
4/26/19; 3:04 PM EST = +100; signal line is +91; go long 2935; (Benchmark SPX for 2019 = +17.1%)(Keybot algorithm program this trade = -0.5%; Keybot algo for 2019 = +10.1%)(Actual results this trade = -1.0%; Actual trading results for 2019 = +19.4%)