STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long as the bulls maintain elevated equity prices. Investors are convinced that stocks will go up for the remainder of the year and into early 2020. The S&P 500 prints a new all-time record high at 3097.77 on 11/7/19 (trip 7's) and new all-time closing high at 3093.08 on 11/8/19.

The bulls are in control with the algo number 10 points above the signal line; not a large difference. The quant is tracking commodities and copper with great interest. Bears need GTX below 2440 (now at 2488) and CPER below 16.54 (now at 16.89), respectively, to create stock market weakness. The VIX moving above 15.38 and UTIL below 818 will also create market pain. If these four parameters remain happily bullish, like now, stocks should continue floating higher.

If any of the four turn bearish, Keybot will be in position to flip short and the imminent turn to the bear side would be on the table. The SPX LOD on Friday is 3074 a key market level for Monday trading. The S&P 500 begins the new week of trading at 3093.

Keybot did not print any numbers last week except for the pre-scheduled number. This is rare behavior for the quant. The stock market is on a pedestal, a plateau, contemplating a breakout higher, or collapse lower, but is frozen like a deer in the headlights not knowing which way to turn.

Keybot does not print any pre-scheduled numbers this week. These are historic times which may lead to epic stock market moves. Watch copper futures overnight. China or the USA may make trade statements between 5 PM EST and 6 PM EST this evening to influence markets when futures open.

11/17/19; 7:00 PM EST =
11/10/19; 7:00 PM EST = +88; signal line is +78
11/8/19; 10:00 AM EST = +88; signal line is +78
11/3/19; 7:00 PM EST = +88; signal line is +78