STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant flips back to the long side late in the Monday session at SPX 3133. The bulls are keeping copper in their camp, by a hair, so stocks remain elevated. Keybot was champing at the bit to go long yesterday but the gap-up move activated a delay timer which prevented the move long, but by late day, the stock market overcame its record highs to print more new record highs and cause the quant to flip.

The S&P 500 prints the highest number in history at 3133.83 and a new all-time closing high at 3133.64 both on Monday, 11/25/19, only three days before Thanksgiving Day.

Stay alert for a potential whipsaw move back to the short side. It all depends on copper. Copper futures were positive overnight but starting at 4 AM EST turned negative down -0.2% five hours before the start of the US Tuesday trading session. Weak copper would help the bears flip the model back to the short side.

On the last trade, that only ran for three trading days, the Keybot algo program loses -0.6% and the actual trading loses -1.3%. For the year, with only a month remaining, the S&P 500 benchmark stock market index is up +25% and the actual trading generated by Keybot is up over +39%. Keybot exited SDS and entered SSO remaining in the 2x ETF's.

Interestingly, Keybot only flipped long yesterday due to the market behavior in that one-minute time slot at 3:31 PM EST; if that had not occurred, Keybot would still be short. In other words, markets are a toss-up right now, a coin-flip. Keybot is a smart robot and it may have wanted to flip long to potentially whipsaw back to the short side today or tomorrow since that would drop it into single 1x ETF mode to reduce risk in choppy markets. Time will tell.

Keybot prints a pre-scheduled number this morning. Trading volume is light since it is a holiday-shortened trading week. The caution flat remains out and if copper remains negative and slumps lower, the imminent turn back to the short side will be in play. For now, the bulls are in control of the stock market with the algo number only 6 points above the signal line. Doctor Copper is deciding who he wants to take to the dance.

12/1/19; 7:00 PM EST EOM =

11/26/19; 10:00 AM EST =

11/25/19; 3:31 PM EST = +88; signal line is +82; go long 3133; (Benchmark SPX for 2019 = +25.0%)(Keybot algorithm program this trade = -0.6%; Keybot algo for 2019 = +19.1%)(Actual results this trade = -1.3%; Actual trading results for 2019 = +39.4%)
11/24/19; 7:00 PM EST = +88; signal line is +81 but algorithm remains short

11/22/19; 10:52 AM EST = +88; signal line is +81 but algorithm remains short
11/22/19; 10:00 AM EST = +72; signal line is +81
11/21/19; 9:36 AM EST = +72; signal line is +80

11/20/19; 11:01 AM EST = +88; signal line is +80 but algorithm remains short

11/20/19; 10:25 AM EST = +74; signal line is +79; go short 3113; (Benchmark SPX for 2019 = +24.2%)(Keybot algorithm program this trade = +6.3%; Keybot algo for 2019 = +19.7%)(Actual results this trade = +13.0%; Actual trading results for 2019 = +40.7%)