Keybot the Quant remains long through more choppy slop. Stocks tank yesterday morning due to King Donnie's braggadocio speech that he will bomb Iran into the Stone Age. Global markets do not want to hear asinine language. The quant did not flinch at the bear trap that snared as stocks took off higher after the flush lower into the 3-day Easter weekend. The US stock market is closed today but the Jobs Report is on tap.
SPX 6589.50 opens the gates to Hell with price below at 6582.69. NYA 21750 closes the gates to Hell with price above at 22194. One of these two will flinch and that tells you the direction of the US stock market. If SPX recovers, it is party-time going forward. If NYA fails, we tumble into the abyss of Hades.
Chips, banks and copper control the destiny of the two metrics above. These are the parameters controlling the stock market currently. The bulls remain in control with the algo number 9 points above the signal line. After the Easter Bunny runs away, these signposts will light the way. What will the signs say? Signs by the Five Man Electrical Band.
4/5/26;
7:00 PM EST =
4/3/26;
9:00 AM EST =
4/1/26;
2:08 PM EST = -8; signal line is -17
4/1/26;
11:12 AM EST = +6; signal line is -17
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