STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short. The Thursday session was quiet. Stocks rallied yesterday but copper was weak so you knew equities would roll back over to the downside which they did. The day was flat price action overall. Friday is the same thing; as copper goes, so goes the market.

Bulls need CPER above 16.50 to send the stock market to new record highs. This represents about a +1% gain in copper futures which are currently up +0.8% about 5-1/2 hours before the US opening bell. There is a big battle going on with copper now since it will light the way ahead. You can watch the 2.63 level on copper as the bull-bear line in the sand. Copper futures are at 2.6295. Copper will tell the market story today.

Bears need VIX above 15.86 and/or GTX below 2427 to gather downside steam. Bulls need CPER above 16.50 to send stocks higher. If copper turns bullish, consider the imminent turn to the long side to be in play. Then, if the SPX runs above 3022, Keybot the Quant will likely flip long. If copper turns bullish, which it is hinting that it will this morning, it will be important that the bulls move the SPX above 3022. If the bulls cannot move the SPX above 3022, stocks will likely become soggy again and copper may return to the bear camp again. Doctor Copper determines stock market direction today. S&P futures are up +5 with the VIX at 13.83.

9/22/19; 7:00 PM EST =

9/18/19; 1:29 PM EST = +68; signal line is +70; go short 2992; (Benchmark SPX for 2019 = +19.4%)(Keybot algorithm program this trade = +2.4%; Keybot algo for 2019 = +11.3%)(Actual results this trade = +2.8%; Actual trading results for 2019 = +24.2%)