STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long. The bulls keep slapping the bears around. Volatility collapses creating rocket fuel for the stock market. Interestingly, banks are subdued. The algo prints one number so far today and market direction currently appears to be a battle between volatility and financials. Bears will stop the stock market rally if they move VIX above 16.17 (now at 15.44). Bulls will rejoice and catapult equities far more higher if XLF moves above 22.77 (now at 22.60).

7/3/16; 7:00 PM EST =

6/30/16; 7:00 PM EST EOM =

6/30/16; 10:43 AM EST = +82; signal line is +47

6/29/16; 1:29 PM EST = +68; signal line is +45

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is on the long side as of this morning after the opening bell. Bulls need XLF, financials, above 22.75 to guarantee another leg higher in the stock market. The bank stress tests were positive and XLF is up +1% to....... wait for it...... 22.73 in afterhours trading. Looks like a big fight at XLF 22.75 is on tap tomorrow. Bulls will also receive upside juice if VIX, volatility, moves below 16.17.

For the bears, SOX, the chips, must fall under 676.50 and the bears will be in immediate control of the stock market again. Bears will also benefit if RTH, retail stocks, drop under 75.96.

For the SPX starting at 2071, the bulls need two points higher, to push above 2073 and bingo, the upside wall accelerate to 2080. The bears need to push under 2043 to regain control, a formidable task, so instead bears will focus on moving banks, semiconductors and retail stocks lower and volatility higher. A move through SPX 2044-2072 is sideways action.

Tomorrow is EOM, EOQ1 and EOH1, 6/30/16, and Keybot prints a pre-scheduled number tomorrow night. The bulls are in control. The SPX started June at 2097. Will it be a positive or negative month come 4 PM EST tomorrow?

6/30/16; 7:00 PM EST EOM =

6/29/16; 1:29 PM EST = +68; signal line is +45

6/29/16; 1:11 PM EST = +52; signal line is +44

Quarterly Reminder; Help the Unfortunate; Ad-Blocking Software Destroys Original Free Web Content

It is time for the Quarterly Reminder;

The ad-blocking software is destroying free original content on the internet. Bloggers are dropping like flies since there is zero incentive to spend time posting original information if the advertising income to the sites evaporate into nothing. For the KE Stone Series of Blogs, advertising income has been cut by two-thirds over the last 15 months. And this occurs as site viewership steadily grows week after week for the last three years. Humorously, the site enthusiasts  that want a clean view of websites without ads are the same folks asking why the original content and popular blogs are disappearing from the internet.

Remember to support the KE Stone Series of blogs with the button in the right margin to continue the free original content concerning global markets and world economics. Any amount will be put to good use. It is time for you cheapskates to pony up; it goes to a good cause. A few bucks from a few hundred of you will go a long way. This message is not directed to the loyal supporters to the site or past donators.

Regardless, and most importantly, remember to help your local food banks since there are lots of folks that are hungry in society, especially children. Some people are too proud to ask for help so the food bank is one discreet way they can receive aid and maintain dignity. Children need food in their bellies to learn properly. A hungry child becomes distracted easily. Go through your kitchen cupboards and load canned goods into a bag and donate it to your local food bank. Local Thrift Stores will also typically accept food donations.  Lots of people would appreciate receiving that can of beans or perhaps creamed corn that you no longer enjoy eating.

Also go through the closet and get rid of old clothes that are still in nice shape without any rips or stains and give them to the local Goodwill or Thrift Shop. The ladies there will be happy to receive any goods and it will help folks in need.

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant flips back to the long side at SPX 2053 after the opening bell. Retail stocks and chips head higher creating more bull fuel. Stocks explode higher. Bank stress test results are key after the bell since XLF above 22.75 will create more stock market upside. VIX under 16.17 will also create more bull fuel. Bears need SOX under 676.80 and/or RTH under 75.96 to stop the market rally.

The last trade is flat. Both the algorithm program and actual trading are dead flat going short at SPX 2053-2054 and now going long at 2053-2054. Expect more choppy sideways slop and do not be surprised if a downside whipsaw occurs. The bulls are in control with the algo number 23 points above the signal line. Watch SOX 676.80 since that will likely hint that the rally is over if it fails. The banks after the bell are very important since they will send the XLF either wildly higher, or lower, and take the broad market in that direction.

7/3/16; 7:00 PM EST =

6/30/16; 7:00 PM EST EOM =

6/29/16; 1:29 PM EST = +68; signal line is +45

6/29/16; 1:11 PM EST = +52; signal line is +44

6/29/16; 12:12 PM EST = +68; signal line is +44

6/29/16; 9:36 AM EST = +52; signal line is +43; go long 2053; (Benchmark SPX for 2016 = +0.4%)(Keybot algo this trade = +0.0%; Keybot algo for 2016 = +5.6%)(Actual results this trade = -0.0%; Actual results for 2016 = +11.0%)

6/28/16; 2:57 PM EST = +36; signal line is +43

6/28/16; 10:00 AM EST = +22; signal line is +43

6/28/16; 9:36 AM EST = +19; signal line is +45

6/27/16; 9:37 AM EST = +5; signal line is +46

6/27/16; 9:36 AM EST = +19; signal line is +49

6/26/16; 7:00 PM EST = +33; signal line is +51

6/24/16; 3:59 PM EST = +33; signal line is +53

6/24/16; 3:48 PM EST = +49; signal line is +55

6/24/16; 3:19 PM EST = +33; signal line is +56

6/24/16; 2:57 PM EST = +49; signal line is +58

6/24/16; 2:37 PM EST = +33; signal line is +59

6/24/16; 11:26 AM EST = +49; signal line is +60; go short 2054; (Benchmark SPX for 2016 = +0.5%)(Keybot algo this trade = -2.1%; Keybot algo for 2016 = +5.6%)(Actual results this trade = -4.2%; Actual results for 2016 = +11.0%)

STOCK MARKET BEARISH -- SHORT -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains short as the markets stage a strong comeback rally pushing both the SPX above 2027 and NYA above 10112 which provides bull fuel. The bears need to push one of these parameters back to the bear side under the levels shown to stop the relief rally.

The bulls need higher retail stocks and/or chips to confirm a sustainable upside rally. Watch RTH 75.96 and SOX 675; either one will create strong bull fuel. If one of these two parameters turn bullish, Keybot may flip long immediately hence the imminent turn notation in the title line.

For the SPX starting Wednesday at 2036, the bulls need any smidge of green in the S&P futures and bingo, stocks will rally strongly higher. The bears must push under 2007 to regain their mojo, a formidable task, so instead bears will focus on sending the SPX and NYA lower to stall the upside rally. A move through 2008-2035 is sideways action for hump day. Retail stocks will likely dictate broad stock market direction; focus on that RTH 75.96 level. Currently, as retail stocks go, so go the markets.

7/3/16; 7:00 PM EST =

6/30/16; 7:00 PM EST EOM =

6/28/16; 2:57 PM EST = +36; signal line is +43

6/28/16; 10:00 AM EST = +22; signal line is +43

6/28/16; 9:36 AM EST = +19; signal line is +45

6/27/16; 9:37 AM EST = +5; signal line is +46

STOCK MARKET BEARISH -- SHORT

Keybot the Quant is on the short side as stocks fall down the rabbit hole today. Keybot prints two numbers to begin the week. The algo number is 41 points under the signal line. With the high volatility, the stock market will be expected to move wildly up and down intraday and day to day with large point swings. Monday was interesting. Copper did not break down. Instead an NYA target number ruptured, then the SPX 2027 level gave way. The trap door opened and sent price sub 2K.

The bears need to push copper and/or commodities lower to create more broad market selling so a higher dollar would  be bear friendly and a lower dollar bull friendly. Bears need either JJC under 24.11 or GTX under 2300 to create another down leg for stocks. The bulls need to stop the bleeding and can only confirm an upside rally with SPX above 2027 and/or NYA above 10109.

For the SPX starting at 2001, the bears need to push under 1992 to accelerate the downside. The bulls need to touch the 2035 handle to create an upside acceleration, a formidable task, so instead bulls will focus on keeping copper and commodities green while sending the SPX and NYA indexes higher. The bears have the ball. S&P futures are +12 on Monday evening.

7/3/16; 7:00 PM EST =

6/30/16; 7:00 PM EST EOM =

6/28/16; 10:00 AM EST =

6/27/16; 9:37 AM EST = +5; signal line is +46

6/27/16; 9:36 AM EST = +19; signal line is +49

6/26/16; 7:00 PM EST = +33; signal line is +51

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant is short to begin the new trading week. There is surely a choppy and erratic market ahead. The algo number is 18 points below the signal line so the bears are comfortable. Watch copper as the key market direction driver to begin the new week of trading. JJC is at 24.11 exactly at the number the algorithm has identified the last couple days as the key bull-bear line in the sand. As copper goes, so goes the markets. Copper futures overnight will point the way forward for the US stock market. After the US opening bell Monday morning, bulls need JJC above 24.11 to begin a recovery rally while bears need JJC under 24.11 which will create a new leg of downward selling in the broad stock market.

Keybot is also tracking SOX 676.70. The chip index is at 675.40, below the 676.70, causing market negativity. If SOX moves above 676.70 a relief rally is definitely underway. For the bears, watch the SPX 2028 level. The week begins at SPX 2037. If 2028 fails, it will open a trap-door in stocks and it would not be surprising to see the S&P 500 dump from 20 to 40 handles in very quick fashion and sub 2000 would appear almost guaranteed.

For the SPX on Monday as it begins at 2037, the bears need to push under 2033 to accelerate the downside which will immediately test the critical 2028. The bulls are simply trying to stop the bleeding in the stock market and will accomplish this with higher copper, JJC above 24.11, and/or SOX above 676.70. The bears are in charge and the week begins with copper and chips determining the market direction ahead.

Keybot prints two pre-scheduled numbers this week one on Tuesday morning and the other on Thursday evening for the EOM. June ends on Thursday which also ends Q2 and H1. The third quarter and second half of the year and month of July begins on Friday.

7/3/16; 7:00 PM EST =

6/30/16; 7:00 PM EST EOM =

6/28/16; 10:00 AM EST =

6/26/16; 7:00 PM EST = +33; signal line is +51

6/24/16; 3:59 PM EST = +33; signal line is +53

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant flips to the short side during the crazy Friday trade. The Brexit referendum was approved creating a shock wave in global markets. Indexes crash but the impact in the US was not too bad. Keybot flips to the short side just before lunchtime at SPX 2054.

For next week it is a battle between chips and copper. Bulls need stronger semiconductors to prove that up is the direction. Bears need lower copper to prove that down is the direction. Copper, JJC, drops and ends exactly on top of the 24.11 number the algo is identifying as a key bull-bear line in the sand; the pivot up or down will likely take the stock market with it. Watch copper overnight Sunday since 'as copper goes, so go the markets'.

On the last trade, the Keybot algo takes the worst shellacking of the year thus far for a trade. The algorithm program lost -2% on the last trade but remains up +6% on the year. The actual trading, triggered by the algo, lost -4%. Double ETF's can be a blessing, or a curse; in this case the latter. The actual trading remains up +11% on the year which is respectable considering both bulls and bears are getting chewed-up and spit out week after week in these sideways choppy markets. Keybot exited SSO and entered SDS remaining in the 2x ETF's. The benchmark SPX is up one-half percent this year at the time of the last trade but actually finished Friday negative for 2016 at 2037 (the year began at SPX 2044).

Next week's parameters of interest and levels can be identified once the Sunday pre-scheduled number prints tomorrow. The bears are back in the drivers seat. Copper and chips will determine the stock market direction on Monday.

6/28/16; 10:00 AM EST =

6/26/16; 7:00 PM EST =

6/24/16; 3:59 PM EST = +33; signal line is +53

6/24/16; 3:48 PM EST = +49; signal line is +55

6/24/16; 3:19 PM EST = +33; signal line is +56

6/24/16; 2:57 PM EST = +49; signal line is +58

6/24/16; 2:37 PM EST = +33; signal line is +59

6/24/16; 11:26 AM EST = +49; signal line is +60; go short 2054; (Benchmark SPX for 2016 = +0.5%)(Keybot algo this trade = -2.1%; Keybot algo for 2016 = +5.6%)(Actual results this trade = -4.2%; Actual results for 2016 = +11.0%)

6/24/16; 10:00 AM EST = +49; signal line is +61 but algorithm remains long

6/24/16; 9:36 AM EST = +50; signal line is +61 but algorithm remains long

6/22/16; 1:07 PM EST = +66; signal line is +62

6/22/16; 9:43 AM EST = +82; signal line is +61

6/21/16; 11:52 AM EST = +66; signal line is +60

6/21/16; 9:42 AM EST = +50; signal line is +60 but algorithm remains long

6/20/16; 3:56 PM EST = +34; signal line is +60 but algorithm remains long

6/20/16; 11:48 AM EST = +50; signal line is +61 but algorithm remains long

6/20/16; 9:40 AM EST = +66; signal line is +61; go long 2098; (Benchmark SPX for 2016 = +2.6%)(Keybot algo this trade = -0.7%; Keybot algo for 2016 = +7.7%)(Actual results this trade = -0.1%; Actual results for 2016 = +15.2%)

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long printing two numbers during the Wednesday trade. The big Brexit referendum vote is tomorrow. The bears need either RTH under 76.04 and/or JJC under 24.11. If one of these two parameters turn bearish, consider the imminent turn to be in play, and if the SPX is under 2084, Keybot will likely flip short.

The bulls need either XLF above 22.93 and/or VIX below 16.20 which will create upside fuel for the stock market.

For the SPX starting at 2085 on Thursday, the bears only need one point lower, to push under 2084 and the downside will accelerate lower. The bulls need to touch the 2100 handle to accelerate the upside. A move through 2085-2099 is sideways action. The S&P futures are up +11 on Wednesday evening in the States. The bulls are in charge. The bears need weaker retail stocks and copper to take stocks lower.

6/26/16; 7:00 PM EST =

6/24/16; 10:00 AM EST =

6/22/16; 1:07 PM EST = +66; signal line is +62

6/22/16; 9:43 AM EST = +82; signal line is +61

6/21/16; 11:52 AM EST = +66; signal line is +60

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. Retail stocks and copper turn bullish today as measured by the algorithm. The bulls are in charge with the algo number 6 points above the signal line. The market bulls need strong financials, XLF above 22.93, or lower volatility, VIX under 16.20, to guarantee a sustainable rally.

The bears need either weaker retail stocks, RTH under 76.04, and/or weaker copper, JJC under 24.11 to creates a solid path lower for stocks. If RTH or JJC turns bearish, consider an imminent turn to be in play, and if the SPX then drops under 2083, it is very likely that Keybot will flip back to the short side.

For the SPX starting at 2089, the bulls need to touch the 2094 handle to accelerate the upside while the bears need to push under 2083 to accelerate the downside. A move through 2084-2093 is sideways action.

6/26/16; 7:00 PM EST =

6/24/16; 10:00 AM EST =

6/21/16; 11:52 AM EST = +66; signal line is +60

6/21/16; 9:42 AM EST = +50; signal line is +60 but algorithm remains long

6/20/16; 3:56 PM EST = +34; signal line is +60 but algorithm remains long

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

Keybot the Quant flips long at yesterday's opening bell as the new trading week begins with a wild start. UK polls favor the Bremain camp over the Brexit camp for the referendum vote on Thursday creating a huge ramp higher in US futures and European stocks on Monday. Keybot flips long at SPX 2098. Markets are trading very erratically and as the Monday session played out, stocks rolled over to the downside and the algo is champing at the bit to whipsaw back to the short side. If the SPX drops under 2075 today, Keybot will likely flip short.

The algo is tracking four key market parameters currently controlling stock market direction; retail, banks, volatility and copper. Watch RTH 76.06, XLF 22.93, VIX 16.20 and JJC 24.12. All four are bearish so the bulls need to switch these parameters across the levels shown to create market upside. The power of any rally will be determined by how many of these four parameters turn bullish. Remember, the VIX moves inverse to stocks so the bulls need the VIX to drop under 16.20.

Retail stocks and financials were the key yesterday and remain the key focus today. The RTH 76.06 and XLF 22.93 will tell you a lot about the stock market direction ahead.

For the SPX starting at 2083 for Tuesday, the bulls need to touch the 2101 handle to accelerate the upside. The bears need to push under 2076 to accelerate the downside. A move through 2077-2100 is sideways action.

On the last trade, the Keybot the Quant algorithm computer program loses -0.7% and the actual trading is flat. The QID is dead flat during the last trade. The SPX benchmark index is up +2.6% so far this year. Keybot exited QID and entered SSO remaining in the 2x ETF's. The bulls have the ball but the bears want it back right away with the algo number 26 points under the signal line. S&P futures about 2-1/2 hours before the opening bell indicate that the SPX may gain about 10 points to begin the day.

6/26/16; 7:00 PM EST =

6/24/16; 10:00 AM EST =

6/20/16; 3:56 PM EST = +34; signal line is +60 but algorithm remains long

6/20/16; 11:48 AM EST = +50; signal line is +61 but algorithm remains long

6/20/16; 9:40 AM EST = +66; signal line is +61; go long 2098; (Benchmark SPX for 2016 = +2.6%)(Keybot algo this trade = -0.7%; Keybot algo for 2016 = +7.7%)(Actual results this trade = -0.1%; Actual results for 2016 = +15.2%)

6/20/16; 9:36 AM EST = +66; signal line is +60 but algorithm remains short

6/19/16; 7:00 PM EST = +34; signal line is +60

6/17/16; 9:00 AM EST = +34; signal line is +61

6/14/16; 9:36 AM EST = +34; signal line is +62

6/13/16; 3:26 PM EST = +50; signal line is +63

6/13/16; 3:17 PM EST = +34; signal line is +63

6/13/16; 3:11 PM EST = +50; signal line is +63; go short 2084; (Benchmark SPX for 2016 = +2.0%)(Keybot algo this trade = +1.5%; Keybot algo for 2016 = +8.4%)(Actual results this trade = +3.0%; Actual results for 2016 = +15.3%)

STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short moving into the new week of trading. The algorithm was very quiet last week idling along without printing any numbers unimpressed with the price action. Bears are in control with the algo number 26 points under the signal line. The bears need lower chips, SOX under 675, if they plan to take the stock market lower. The bulls need RTH above 76.10 to stop the downside in equities and begin a strong relief rally. XLF above 23.00 will guarantee the bulls a strong move higher in markets. If status quo remains with semiconductors bullish and retail stocks and banks bearish, the stock market will stagger along in a choppy sideways pattern.

For the SPX starting at 2072, the bulls need to push above 2078 to accelerate the upside. The bears need to push under 2063 to accelerate the downside. A move through 2064-2077 is sideways action to begin the new week of trading. Keybot prints one pre-scheduled number this week on Friday morning.

6/26/16; 7:00 PM EST =

6/24/16; 10:00 AM EST =

6/19/16; 7:00 PM EST = +34; signal line is +60

6/17/16; 9:00 AM EST = +34; signal line is +61

STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short after the pre-scheduled number prints. Markets are staggering sideways. Bulls need either XLF above 23 or RTH above 76 to prove they have the beans to create a rally in stocks. The bears need to push the SOX under 675 to prove they can take stocks lower. As this drama plays out, stocks stagger choppy sideways.

6/19/16; 7:00 PM EST =

6/17/16; 9:00 AM EST = +34; signal line is +61

6/14/16; 9:36 AM EST = +34; signal line is +62

STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short and is idling along without much activity. Currently, bears would benefit from weaker chips: if SOX loses the 675 level. Market bulls can stop the selling in the stock market if retail stocks rally and RTH moves above 76.12. Otherwise, stocks will stumble along sideways.

6/19/16; 7:00 PM EST =

6/17/16; 9:00 AM EST =

6/14/16; 9:36 AM EST = +34; signal line is +62

STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short moving into the Wednesday trade. The bulls need either XLF above 23.10 and/or RTH above 76.12 to stop the bleeding in equities. The bears would further benefit from weakness in semiconductors and commodities.

For the SPX on Wednesday at 2075, the bulls need to push 6 points higher above 2081 and bingo, the upside will accelerate. The bears need to push 11 points lower under 2064 to accelerate the downside. A move through 2065-2080 is sideways action. The bears have the ball and the algo number is comfortably 28 points under the signal line.

6/17/16; 9:00 AM EST =

6/14/16; 9:36 AM EST = +34; signal line is +62

6/13/16; 3:26 PM EST = +50; signal line is +63

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant flips to the short side this afternoon at SPX 2084. Financials failed so you knew that stocks would retreat. That was quite a fight at XLF 23.12; it amazing that the algorithm can identify these key parameters and their levels before they occur.

Tuesday will be a fight between retail stocks and financials. Bulls need stronger banks while bears need weaker retail stocks. Bears need RTH to drop under 76.14 (now at 76.18) and equities will take another strong leg lower. Bulls need XLF above 23.12 (now at 23.00) to stop the market selling and begin a recovery rally. If banks remain bearish and retail stocks remain bullish, the stock market will float along sideways with an upward bias.

For the SPX starting at 2079 on Tuesday, the bears need to push under 2078, only one point lower, and stocks will accelerate lower. The bulls need to push above 2098 to regain their mojo, a formidable task, so instead, bulls will focus on pushing XLF above 23.12 which will immediately create market stability. A move through SPX 2079-2097 is sideways action for Tuesday.

The benchmark SPX index is now up +2% on the year. On the last trade, the Keybot the Quant algorithm program gains +1.5% and is up +8.4% this year. The actual trading gains +3.0% on the last trade which places the actual trading up over +15% on the year thus far (the algorithm program triggers where the actual trading enters and exits the ETF's). Keybot exited SSO and entered QID remaining in the double-leveraged ETF's.

The bears have the ball. Watch the retail stocks and banks since they determine which way the stock market goes on Tuesday.

6/17/16; 9:00 AM EST =

6/13/16; 3:26 PM EST = +50; signal line is +63

6/13/16; 3:17 PM EST = +34; signal line is +63

6/13/16; 3:11 PM EST = +50; signal line is +63; go short 2084; (Benchmark SPX for 2016 = +2.0%)(Keybot algo this trade = +1.5%; Keybot algo for 2016 = +8.4%)(Actual results this trade = +3.0%; Actual results for 2016 = +15.3%)

6/13/16; 1:57 PM EST = +50; signal line is +63 but algorithm remains long

6/12/16; 7:00 PM EST = +66; signal line is +63

6/10/16; 1:57 PM EST = +66; signal line is +63

6/10/16; 10:00 AM EST = +80; signal line is +62

6/5/16; 7:00 PM EST = +80; signal line is +61

6/3/16; 9:00 AM EST = +80; signal line is +60

5/31/16; 7:00 PM EST EOM = +80; signal line is +60

5/31/16; 10:00 AM EST = +80; signal line is +58

5/29/16; 7:00 PM EST = +81; signal line is +58

5/27/16; 10:00 AM EST = +81; signal line is +57

5/25/16; 10:02 AM EST = +79; signal line is +57

5/22/16; 7:00 PM EST = +63; signal line is +57

5/20/16; 9:52 AM EST = +63; signal line is +57; go long 2054; (Benchmark SPX for 2016 = +0.5%)(Keybot algo this trade = -0.0%; Keybot algo for 2016 = +6.9%)(Actual results this trade = -0.9%; Actual results for 2016 = +12.3%)

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

Keybot the Quant remains long but the bears are pushing hard. Both retail stocks and financials fell to their bull-bear levels identified by the algorithm and bounced. The market bears need either XLF under 23.12, only five pennies away now, and/or RTH under 76.14 (now at 76.28). Either would send stocks strongly lower; if both fail equities will collapse down the rabbit hole. Bulls need lower volatility to push VIX under 16.44 but instead it is moving higher helping bears.

Watch XLF 23.11-23.12 because it will tell you who wins today. Price is barely above. Stocks are toast if XLF fails but if it holds, bulls will recover.

6/17/16; 9:00 AM EST =

6/12/16; 7:00 PM EST = +66; signal line is +63

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

Keybot the Quant is long to begin the new week of trading. Market bulls win big if the VIX drops under 16.58 (now at 17.03). Market bears win big if XLF drops under 23.11 (now at 23.16). Thus, bulls need lower volatility to stop the market selling while bears need lower financials to accelerate the stock market move lower.

If XLF drops under 23.11, and the SPX falls under 2090, Keybot will likely flip short. Hence, the imminent turn notation is in the title line. If the VIX drops under 16.58, however, the imminent turn would no longer be applicable.

For the SPX starting at 2096, the bulls need to gain 14 points to touch the 2110 handle and bingo, stocks will accelerate higher. The bears need to push under 2090 to accelerate the downside quickly into the low to mid 2080's a critical support area. A move through 2091-2109 is sideways action to begin the week.

Keybot prints one pre-scheduled number this week on Friday morning. The bulls are in charge with the algo number 3 points above the signal line but the bears have it on a silver platter if they want it. Watch volatility and the banks.

6/19/16; 7:00 PM EST =

6/17/16; 9:00 AM EST =

6/12/16; 7:00 PM EST = +66; signal line is +63

6/10/16; 1:57 PM EST = +66; signal line is +63

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant motored quietly through the week printing the pre-scheduled number yesterday morning and the algo printed one more number in the afternoon. The signal line is only 3 points above the signal line with the bulls remaining in charge. Note how the banks, XLF, came down to kiss the 23.11-23.14-ish level called out by the algorithm ahead of time, and bounced. That was the tell. If XLF fails under 23.11, the stock market will slide down the rabbit hole. The bulls will need to drive volatility lower to regain control and move stocks higher.

Parameters and levels can be identified once the Sunday pre-scheduled number prints tomorrow. The week will begin with a big fight between financials and volatility and the winner will send the stock market in that direction (lower financials for happy bears and lower volatility for happy bulls).

6/12/16; 7:00 PM EST =

6/10/16; 1:57 PM EST = +66; signal line is +63

6/10/16; 10:00 AM EST = +80; signal line is +62

6/5/16; 7:00 PM EST = +80; signal line is +61

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long. The algo idles along this week without printing any numbers thus far. Copper tanked on two-day stockpile data that is the largest in 12 years. Market bulls are dealt a serious blow since copper is the last piece of the puzzle to take stocks to new all-time highs. The SPX prints record highs for this year.

Bulls need JJC above 24.47. Bears need RTH under 76.15 and/or XLF under 23.14. If copper remains negative and retail stocks and banks bullish, the stock market will float along sideways with a slight upward bias.

For the SPX starting at 2114 on Wednesday, the bulls need to push above 2119 and bingo, the upside will accelerate well into the 2020's. The market bears need to push under 2110 to accelerate the downside to 2100. A move through 2111-2118 is sideways action for Wednesday. The bulls remain in control of the stock market.

6/10/16; 10:00 AM EST =

6/5/16; 7:00 PM EST = +80; signal line is +61

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long and the algorithm idles along all day Monday without printing any numbers to begin the week. Copper traded higher overnight but as the day went on it lost its gusto. JJC came up pennies from the 24.50 the market bulls need to signal the all-clear for new stock market all-time highs ahead. It is interesting that copper came up to the level identified by Keybot, and stalled.

Bulls need JJC above 24.50 to prove they can take stocks higher. Bears need RTH under 76.12 to prove they can take stocks lower. If copper remains bearish and retail stocks bullish, the stock market will float along sideways with an upward bias.

For Tuesday with the SPX starting at 2109, the bulls need to push above 2113 and bingo, stocks will accelerate higher towards 2120. The bears need to push below 2101 to accelerate the downside toward the low 2090's. A move through 2102-2112 is sideways action for Tuesday.

Bulls will rejoice if copper trades higher overnight and positive news occurs from a major retailer or two. Bears will celebrate if copper trades negative overnight and if negative news occurs from the retailers. Copper is currently trading down a smidge on Monday evening as this message is posted. Trading is underway in Asia and Australia markets for Tuesday.

6/12/16; 7:00 PM EST =

6/10/16; 10:00 AM EST =

6/5/16; 7:00 PM EST = +80; signal line is +61

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long moving into the new week of trading. Last week, the algo simply idled along through the week printing the pre-scheduled numbers as stocks floated along sideways with a slight upward bias. Keybot is tracking copper, retail and financials as the main drivers of stock market direction currently. Copper is the only remaining lagging sector that the bulls need to boost higher to prove they can run stocks to new all-time highs. Pay close attention to copper. The bulls need JJC above 24.55 (now at 24.23) and will pop champagne corks if it occurs. Market bears must prevent JJC 24.55 with all their might, otherwise, they will be bludgeoned as stocks rally higher.

The bears need either RTH under 76.00 and/or XLF under 23.08, either requires a pull back of -1% and more, for the bears to regain their mojo and create sustainable stock market weakness. If copper remains in the bear camp, and retail and financial stocks bullish, the stock market will keep floating along choppy sideways with a slight upward bias.

For the SPX starting at 2099, the bulls need 5 points, to push above 2104 and bingo, the broad indexes will accelerate higher. The bears need to push under 2085 to accelerate the downside. A move through 2086-2103 is sideways action for Monday. Keybot prints one pre-scheduled number this week shortly after the Friday morning opening bell. The bulls are driving the bus with the algo number a comfortable 19 points above the signal line.

6/12/16; 7:00 PM EST =

6/10/16; 10:00 AM EST =

6/5/16; 7:00 PM EST = +80; signal line is +61

6/3/16; 9:00 AM EST = +80; signal line is +60

5/31/16; 7:00 PM EST EOM = +80; signal line is +60

May Publication of the Daily Chronology of Global Market and World Economics 2016-05 is Available from Amazon; 1-Year Anniversary of Stock Market Top; Sick European Banks; Puerto Rico Default; Venezuela on the Brink; Paris Riots; Zika Virus; "Bremain" Rally

The May publication of the Daily Chronology of Global Markets and World Economics 2016-05 is available through Amazon (AMZN). The epic market action continues. The global stock markets begin the year by crashing and collapsing into 2/11/16 followed by a huge recovery rally to present. The prior monthly chronologies explain the huge crash from late December into mid-February and the subsequent recovery from February to present.

Italian, Spanish and Portuguese banks remain a major problem in 2016. The business news media ignores this topic that may lead to serious trouble in financial markets and create global contagion.

The US POTUS primary elections continue with Clinton the likely democrat nominee. Clinton may be undone by the ongoing email scandal. On the republican side, Trump takes the nomination but is not doing well in national polls. The conventions are in July and the general election for the next US president is 11/8/16. Americans are unhappy faced with a choice between an orange-headed clown that bloviates daily and a scandal-ridden liar incapable of telling the truth.

Central bankers such as the Fed, ECB, BOJ and PBOC keep pumping stocks higher. The chronology explains how the central bankers are the market. The oil rally continues as the US dollar index drops to the bottom of a key long-term range.

A stock market rally occurred in May when the "Bremain" camp started leading in the UK polls over the "Brexit" camp, however, a lot can happen before the 6/23/16 Brexit referendum.

Japan is in turmoil. The BOJ has taken rates negative and they print record negative lows. The dollar/yen pair is sliding lower (stronger yen) causing problems for BOJ Governor Kuroda that is trying to weaken the yen.

Puerto Rico defaults on a bond payment with a huge $2 billion payment due on 7/1/16. The US Congress is working on a bailout solution but in a difficult place since troubled cities in the US will want the same bailout deal offered to Puerto Rico. The clock is ticking and a plan must be in place for Puerto Rico within the next three weeks.

President Dilma Rousseff is impeached and temporarily ousted from office; her appeals will continue. Venezuela is in economic and political collapse. The 2016 Summer Olympics are approaching quickly and will be held in Brazil; ground zero for the Zika Virus.

The month of May was the one-year anniversary of the stock market top in May 2015. Interestingly, markets topped in October 2007 and it was about one year later when US stocks collapsed in October 2008 through March 2009 when QE1 saved the stock market (to benefit the wealthy) and stabbed capitalism in the heart. Will that fractal repeat? The US stock rally off the 2/11/16 bottom continues.

The chronology describes the reactions to economic data such as the Monthly Jobs Reports in real-time. Friday, 6/3/16, was a circus with a paltry 38K jobs report which is described in detail  in the May chronology as it occurred (the May publication runs through 6/4/16). There is no other document available on the world wide web that records the action in real-time with such detail. Inflation, that the Federal Reserve has tried to create for seven years with their obscene Keynesian programs, cannot exist without wage inflation occurring so each jobs report is very important.

The chronology explains the reaction in stocks, bonds and currencies to key events and economic data releases. If you are trying to make sense of the markets this is the resource for you. No other publication exists in this format where the stock, bond and currency moves are provided and explained as world events take place in real-time.

The chronology records economic history preventing revisionist tampering in future years. Many of the same asset managers telling everyone to go long the market in 2007-2008 repeated the same mantra through 2015. The stock market topped in May 2015 placing anyone that listened to television pundits over the last couple years underwater on their long trades and losing money.

Analyst and strategist quotes and words are recorded in the chronology so credit or disdain can be handed out in the future. If a multi-year top has printed, the chronology serves as the most accurate accounting of the stock market topping process ever recorded in economic and market history. The chronology is the most reliable and easy to understand source for explaining global markets. The chronology is very easy to read and avoids using fancy ten-dollar college words.

As always, all monthly publications of the Daily Chronology of Global Markets and World Economics are available from the links in the margins or simply searching on Amazon or Google. The monthly publication contains updated information not posted on this web site as well as clarifications, edits and refinements to the ongoing daily blog text.

We are living through historic stock market and economic times. The daily chronology is the most accurate accounting on how the stock market tops and bottoms occur in real-time. The monthly publications are compatible with any electronic device and include an extensive Business Acronym List and Ticker Symbol List. The Acronym List is the most comprehensive business-related acronym list available on the internet. The chronology is not available in hard copy and only distributed around the world electronically.

Download this valuable resource today. Remember to support the KE Stone Series of blogs (Keystone the Scribe, The Keystone Speculator and Keybot the Quant) through donations, the daily chronology book sales and honoring advertisers that support the original free content provided in the blogs. The blog proceeds aid charities.

The free blog content is posted in proportion to the advertising, book and donation income received. Thus, you folks working at the large money-center banks around the world need to open your wallets if you want this unique trading and economic information, that is not available elsewhere, to continue. Let some moths out of those wallets.

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STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long and is motoring through the holiday-shortened trading week without a peep. Keybot prints a pre-scheduled number tomorrow morning. The bulls are in control. Bulls still need higher copper, JJC above 24.54, to prove that they can print new all-time high in the stock market. The bears need lower commodities and higher volatility to stop the upside rally.

For the SPX for Friday starting at 2105, the bulls need any smidge of green in the S&P futures overnight and stocks will accelerate higher after the opening bell. The bears need to push under 2089 to accelerate the downside. A move through 2090-2104 is sideways action for Friday.

6/5/16; 7:00 PM EST =

6/3/16; 9:00 AM EST =

5/31/16; 7:00 PM EST EOM = +80; signal line is +60

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long moving into the Wednesday session. The algo number is 20 points above the signal line so the bulls are cruising along. The +80 does, however, represent an overbot condition in markets. The same fight continues. Bulls need higher copper to push stocks to new all-time highs. Bears need either lower retail stocks or higher volatility to start a firm path lower. Watch JJC 24.55, RTH 75.85 and VIX 16.90. If copper remains bearish, retail stocks bullish and volatility bullish, respectively, then the stock market will float along sideways with a slight upward bias.

For the SPX starting at 2097, the bulls need to push above 2103 to accelerate the upside and bears need to push under 2089 to accelerate the downside. A move through 2090-2102 is sideways action for Wednesday. The bulls have the ball. Bears got nothing unless they either create weakness in retail stocks or higher volatility.

6/5/16; 7:00 PM EST =

6/3/16; 9:00 AM EST =

5/31/16; 7:00 PM EST EOM = +80; signal line is +60

5/31/16; 10:00 AM EST = +80; signal line is +58