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

Keybot the Quant remains long but is champing at the bit to go short with the algo number 3 points below the signal line. The internal parameters would not fully latch yesterday to allow the move to the short side so today will be interesting.

If the bears push the SPX below 5586, Keybot the Quant will likely flip short, hence, the imminent turn notation is in the title line. This represents about a 20-point drop but S&P futures are up 30 points. The bears will be left at the altar if they do not get busy.

Copper jumped into the bull camp yesterday preventing the robot from flipping short but this morning copper futures are in the crapper; that will create stock market weakness.

It appears that the only way the bulls can stop the quant from flipping short is to send chips and retail stocks higher. The bulls need SOX above 4328 and/or XRT above 69.71 to keep the party going. You Gotta Fight for Your Right to Par-Tay. Both are easily doable with cash prices only pennies away from these bull/bear lines in the sand.

The stock market will likely idle until Pope Powell brings the tablets down from On High today to tell international traders how to trade. The robot wants to go short but the price action says stay long probably until Powell rides in on his pale green horse. Watch copper, chips, retail stocks, and of course the NYA 19383 line in the sand as mentioned previously.

5/11/25; 7:00 PM EST =
5/6/25; 3:59 PM EST = -33; signal line is -30 but algorithm remains long
5/6/25; 3:33 PM EST = -17; signal line is -32
5/6/25; 12:54 PM EST = -33; signal line is -32 but algorithm remains long
5/6/25; 12:26 PM EST = -17; signal line is -32
5/6/25; 12:19 PM EST = -1; signal line is -33
5/6/25; 10:26 AM EST = -17; signal line is -34
5/6/25; 9:44 AM EST = -33; signal line is -35
5/6/25; 9:36 AM EST = -17; signal line is -35
5/5/25; 3:02 PM EST = -17; signal line is -36