STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short with SPX price sticky at the 2992 palindrome. The algo prints two numbers in the Monday session. As copper goes, so goes the markets so "The song remains the same" as Led Zeppelin would sing.

Bulls will send the stock market into euphoric highs if they can bring copper on board. Bears will send stocks down the rabbit hole with higher volatility and/or lower commodities. Bulls need CPER above 16.47 while bears need VIX above 15.89 and/or GTX below 2434, respectively. If copper turns bullish, consider the imminent turn to the long side to be in play.

The stock market remains a toss-up with the algo number only 3 points below the signal line and the SPX sitting at 2992 where it entered short last Wednesday. Bulls and bears are deadlocked but one of them will buckle. One of those three parameters will flinch and that tells you the stock market direction ahead. Copper futures are flat as this message is typed about 2 hours before the opening bell for the US trading session.

Keybot prints a pre-scheduled number shortly after the opening bell this morning.

9/29/19; 7:00 PM EST =

9/27/19; 10:00 AM EST =

9/24/19; 10:00 AM EST =

9/23/19; 9:43 AM EST = +68; signal line is +71

9/23/19; 9:36 AM EST = +54; signal line is +70

9/22/19; 7:00 PM EST = +68; signal line is +70