STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long with the algo number 34 points above the signal line. Volatility dropped yesterday so the bears had no chance to push the stock market lower. The VIX is down to 14.10 with S&P futures up +14 about 3-1/2 hours before the opening bell for the regular Tuesday trading session. Bears need the VIX above 15.85 or they got nothing.

Commodities fell apart in yesterday's tape. Bulls need GTX above 2421.80 (now at 2408) to prove that they can take the SPX towards and above 3K.

Stock market bears need weaker banks, copper and NYA index. Bears need XLF below 27.55, CPER below 16.37 and/or NYA below 12774, respectively. JPM earnings results are imminent which will directly move the XLF. Copper futures are down -0.4% but the bears likely need about a -0.8% drop before they can start growling. Any one of the three parameters turning bearish will send the stock market lower. If two of the parameters turn bearish, the imminent turn to the short side would be in play.

10/20/19; 7:00 PM EST =

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

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

10/14/19; 9:20 AM EST = +88; signal line is +37
10/14/19; 5:26 AM EST = +74; signal line is +33

10/13/19; 7:00 PM EST = +88; signal line is +30

Note Added 7:04 AM EST: China changes the goal posts now wanting the tariffs to end before committing to the so-called trade deal. Copper futures -0.6%. VIX 14.22. S&P futures +12. JPM blows out on earnings. XLF jumps 0.6% to 27.86 in the pre-market. Futures dropped on the China news but popped on the happy bank news.