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

Keybot the Quant remains on the long side as the daily market turmoil continues. The pre-scheduled number prints and the bulls remain in charge with the algo number 6 points above the signal line.

The bull-bear battle is chips versus copper. Bulls feel pretty good about themselves with the semiconductors in their camp and will take the stock market to new highs on stronger copper. Bulls need CPER above 14.93 which represents about a +1.1% gain in copper futures from current levels.

Bears feel pretty good about themselves keeping Doctor Copper in their camp. However, bears got buptkis unless they push the SOX below 1630 (now at 1679 pumping the entire stock market higher). 

The bull party continues if SOX is above 1630 but carnage will begin once it fails. If the SOX loses 1630, and the SPX drops below 2792, Keybot will likely flip short, hence the caution and imminent turn notations remain in the title line. The whipsaw price action continues.

4/26/20; 7:00 PM EST =

4/24/20; 10:00 AM EST = -44; signal line is -50

4/22/20; 12:42 PM EST = -44; signal line is -51; go long 2798; (Benchmark SPX for 2020 = -13.4%)(Keybot algo this trade = -1.6%; Keybot algo for 2020 = +1.9%)(Actual trading results this trade = -3.2%; Actual trading results for 2020 = -3.9%)