Keybot the Quant remains long as the Tuesday session begins with 4 numbers printing off the bat including the prescheduled number. The bulls are in control of the stock market with the algo number 16 points above the signal line.
The market can be boiled down into 3 key metrics; utes, copper and vol.
The lines in the sand are UTIL 1158, CPER 37.93 and VIX 19.18. All are sitting in the bull camp creating lift in the US stock market but if you get up and grab a cup of coffee, it will probably be different when you get back.
The bulls goosed utilities higher out of the gate to firmly keep them in the bull camp. Copper is a game of pennies, copper pennies, where the bears can create negativity if they flex their muscles. Same-o with volatility. Bears need the VIX above 19.18, and staying above, and then above 20 and higher to create stock market turmoil.
Interestingly, vol turning bearish is likely not enough for the quant to want to flip short but if copper turned sour, that would be. Of course, both turning bearish would likely seal the deal for the downside.
The bulls are kicking back and relaxing, despite the rout in chips, as long as they keep the VIX below 19.18 and CPER above 37.93. The bulls are pumping Today. Smashing Pumpkins.
8/2/26;
7:00 PM EST EOM =
7/31/26;
10:00 AM EST =
7/28/26;
10:06 AM EST = +52; signal line
is +36
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