Bulls need higher copper and lower volatility; CPER above 17.94 (now at 17.36) and VIX below 15.70 (now at 16.04), respectively. If either parameter turns bullish, the stock market will be running higher. Copper futures would need to rally about +3.3% and more for the bulls to declare victory ahead. Volatility only needs to drop about -2.1% to create bullishness in equities; that could happen in a heartbeat.
The bears need lower commodities with GTX moving under 2538.30 (now at 2542.28). If commodities turn bearish, consider the imminent turn back to the short side to be in play. You can see that the bulls are a whisker away from receiving upside fuel if VIX drops below 15.70 and the bears are a hair away from receiving downside fuel if GTX drops 4 bucks. Thus, volatility and commodities tell the market tale to begin the week.
Keybot prints two pre-scheduled numbers this week one on Thursday the other Friday. The VIX begins trading at 3 AM EST so that will immediately provide a heads-up for US trading that follows 6-1/2 hours later.
5/19/19;
7:00 PM EST =
5/17/19;
10:00 AM EST =
5/16/19;
9:00 AM EST =
5/12/19; 7:00 PM EST = +70;
signal line is +62
5/10/19;
3:06 PM EST = +70; signal line is +63; go long 2878; (Benchmark SPX for
2019 = +14.8%)(Keybot algorithm program this trade = +1.6%; Keybot algo for
2019 = +11.3%)(Actual results this trade = +4.7%; Actual trading results for
2019 = +23.5%)
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