STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long as the new week of trading is set to begin. The bulls are in charge with the algo number 9 points above the signal line. The new record stock market highs keep printing day after day. The S&P 500 all-time high and all-time closing high are at 3120.46 on Friday, 11/15/19, the highest number ever recorded in stock market history.

The market bears need weaker copper and commodities. Bears need CPER below 16.58 and/or GTX below 2444 to pave the way for downside in equities. Weaker utilities and higher volatility would also help the bear case. Otherwise, the bulls will keep floating stocks higher. Since copper sits exactly on top of the bull-bear line in the sand and has to make a decision one way or the other, 'as copper goes, so goes the market'. Watch the copper futures overnight Sunday to provide a heads-up on US stock market direction.

Keybot prints two pre-scheduled numbers during the week this week one on Tuesday and the other on Friday.

President Trump unexpectedly saw the doctor last evening but the Whitehouse does not plan to release details. Wednesday is a key day this week since Ambassador Gordon Sondland at the center of the Impeachment Inquiry will testify and he has to decide if he will defend the president or save his own skin and start singing like a canary.

Sondland's testimony may be damaging to President Trump (since Sondland dealt with the president first-hand and his information is first-person and not hearsay) so markets may take notice. If Trump can weather the impeachment storm through the critical Wednesday testimony, he may be able to gain the upper hand on the proceedings and once again emerge as Teflon Don, or, the most damaging week of Trump's presidency may be on tap in the week ahead. The beat goes on.

11/24/19; 7:00 PM EST =

11/22/19; 10:00 AM EST =
11/19/19; 9:00 AM EST =

11/17/19; 7:00 PM EST = +88; signal line is +79

11/15/19; 10:56 AM EST = +88; signal line is +79