STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains long but is champing at the bit to go short since late Tuesday afternoon. The algo number is 7 points below the signal line but the internal parameters are not yet all fully latched to permit the move to the bear side. If the SPX slides below 3079, it is likely that Keybot will flip short, hence the imminent turn notation is in the title line.

S&P futures are down -5 about 2 hours before the opening bell for the regular Thursday trading session. The SPX begins the Thursday trade at 3094.04 a new all-time closing high from yesterday, Wednesday, 11/13/19, so the bears have their work cut out for them. The all-time high at 3102.61 occurred on Tuesday, 11/12/19.

Copper is the key. CPER comes down to ...... wait for it..... wait a bit longer for it........ no, you really need to wait a bit longer........ 16.58. Keybot the Quant called out that exact number before it occurred. Of course it did; it is the best trading model on Wall Street. Thus, as copper goes, so goes the market. Copper futures are trading up +0.4% currently so CPER is set to pop a penny or two into the bull camp which may delay a drop in the broad stock market. The market bears need to see copper turn red. Commodities remain at play. The bears need GTX below the 2442 palindrome to cause market mayhem.

The bears need the SPX to drop below 3079 and down is the path ahead for stocks while the bulls need higher copper to keep the stock market elevated. The beat goes on.

11/17/19; 7:00 PM EST =

11/13/19; 10:36 AM EST = +72; signal line is +79 but algorithm remains long

11/13/19; 10:21 AM EST = +88; signal line is +79

11/12/19; 3:36 PM EST = +72; signal line is +78 but algorithm remains long

11/10/19; 7:00 PM EST = +88; signal line is +78