STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long as stocks continue printing new highs. The SPX did not print a new all-time high on Tuesday. Monday's record high for the S&P 500 at 3085.20 remains the highest number ever printed in stock market  history. The algo is idling sideways all week long thus far without printing any numbers.

Commodities and copper remain a key focus so look for weakness in these areas to signal weakness in the stock market. The bears need a -2.4% drop in copper futures to take the stock market lower but the futures are only down -0.2% currently.

The bulls are in control but the algo number is only 10 points above the signal line. Everyone is scratching their heads wondering if a shoe will drop.

11/10/19; 7:00 PM EST =

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