Keybot the Quant is on the short side heading into the new week of trading. The bears are in control, despite Friday's big rally, with the algo number 7 points below the signal line. Very simply, bears need GTX below 2537 (now at 2573) while bulls need CPER above 18.03 (now at 17.64). Thus, copper futures will need to pop about +2.2% and more to make the bulls happy. Commodities need to drop -1.4% to make the bears happy.
Keybot does not print any pre-scheduled numbers this week. Watch copper and commodities since they are the two parameters most impacting broad stock market direction currently.
5/12/19;
7:00 PM EST =
5/5/19; 7:00 PM EST = +84;
signal line is +91
5/3/19;
9:00 AM EST = +84; signal line is +90
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