STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long but the algo number is only 10 points above the signal line requiring caution ahead. Commodities and copper join the bear camp this week which creates stock market negativity. The banks and chips run higher creating market joy and of course the central banker jack boots remain on the throat of the VIX creating market buoyancy.

As copper goes, so goes the market. Bulls need CPER above 16.39 (now at 16.37). Copper futures are down -1.4%, tanking, so S&P futures are down -8 with the VIX at 14.13 about 5-1/2 hours  before the opening bell for the US trading session. Bulls also need GTX above 2421.80 (now at 2396) which will send the stock market higher.

Bears need to push the NYA index below 12775 (now at 13006) which will usher in stock market downside and likely set up Keybot to go short. If copper and commodities remain bearish, and the NYA bullish, status quo, stocks will chop sideways. The extremely important Housing Starts drop tomorrow morning. The beat goes on.

10/17/19; 9:00 AM EST =

10/15/19; 11:55 AM EST = +58; signal line is +48

10/15/19; 11:06 AM EST = +74; signal line is +45

10/15/19; 9:36 AM EST = +58; signal line is +42

10/14/19; 9:36 AM EST = +74; signal line is +40