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

Keybo the Quant remains long as Americans enjoy hamburgers, hotdogs and apple pie while waving US flags this weekend. US markets are closed until Tuesday morning in honor of Memorial Day tomorrow (Monday).

The market theatrics continue. Bulls and bears battle with the algo number only one point from the signal line verifying the tug-o-war fight. Financials and copper dictate broad stock market direction currently. The bulls need JJC to move up through 29.45 (now at 29.09) to signal the all-clear for upside in stocks and more new all-time record highs. GTX above 2287 (now at 2257) will also provide bull fuel.

Bears need to push XLF under 23.55 (now at 23.61 only 6 pennies above) to begin a forceful selling pattern in the stock market. The VIX moving above 11.77 (now at 9.81) will also provide bear fuel.

If the XLF falls under 23.55, or VIX above 11.77, either one would do although if the bears begin taking control the banks will likely fail first, and if the SPX drops under 2412, Keybot will likely flip short.

Watch copper trading overnight Monday into Tuesday morning since higher copper will place the stock market in party mode to begin the holiday-shortened week of trading. If copper is trading negatively, the market bears will smile.

For the SPX starting the week on Tuesday morning at 2416, the bulls only need one point of upside, to touch the 2417 level and bingo, price will be above 2420 in a flash moving higher printing new all-time highs. The bears need to push  below 2412 to accelerate the downside. A move through 2413-2415 is sideways action on Tuesday and since it is so tight a range, a winner will be decided either sub 2412 for happy bears or above 2416 for happy bulls.

The algorithm is beginning to flag utilities as a major player in market direction again but not quite yet. UTIL begins the week at 720 in a bullish pattern which helps create upside in the broad stock market. For the four-day trading week ahead, UTIL 672.16 and 678.00 are two key levels. With price at 720, the bulls are not worried about utes creating any stock market negativity.

However, for the following week, the week of 6/5/17, the two key UTIL levels are 699.49 and 678.00-ish. This is a whole new ball game. At 4 PM EST on Friday, 6/2/17, at the closing bell, watch to see where UTIL closes since under 699.49 will create negativity in the stock market starting 6/5/17. Utilities rallied strong last week since the bulls already know this situation is developing and they are trying to goose UTIL price higher to get it up and as far away from 699.49 as possible. Watch UTIL closely this week.

Keybot prints three pre-scheduled numbers this week; one on Tuesday, the EOM print on Wednesday and another number on Friday morning. XLF 23.55, JJC 29.45 and SPX 2412 tell you everything you need to know for broad stock market direction on Tuesday. The beat goes on.

6/4/17; 7:00 PM EST =

6/2/17; 9:00 AM EST =

5/31/17; 7:00 PM EST EOM =

5/30/17; 10:00 AM EST =

5/28/17; 7:00 PM EST = +70; signal line is +69

5/26/17; 10:00 AM EST = +70; signal line is +69

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

Keybot the Quant remains long as the algorithm is very active in the back half of the week. The market bears were pushing lower on Wednesday but did not have enough juice to flip the model short. The pre-scheduled number for this week printed a few minutes ago. The knock-down drag-out fight between bulls and bears continues as evidenced by the 1 point difference between the algo number and signal line. Note that the algo prints another rare and maximum +100 reading yesterday morning.

Watch financials. Bears need XLF under 23.55 (now at 23.62 only 7 pennies above) to begin serious downside selling in stocks. If XLF fails at 23.55 and the SPX falls under 2408, Keybot will likely flip short, hence the imminent turn notation is in the title line. VIX moving above 11.78 (now at 9.99) will also help the bears.

Bulls need higher copper and commodities to prove they can take stocks higher. Bulls need JJC above 29.45 (now at 29.17) and it is all clear for upside for equities with the SPX running to 2420 and 2430. Bulls also need GTX above 2287 (now at 2245) which will create a big upside rally. 

Bears are rooting for  weaker banks (XLF under 23.55) while bulls need higher copper (JJC above 29.45). One or the other will win and that tells you the broad stock market direction ahead.

5/28/17; 7:00 PM EST =

5/26/17; 10:00 AM EST = +70; signal line is +69

5/25/17; 2:36 PM EST = +70; signal line is +69

5/25/17; 11:58 AM EST = +86; signal line is +69

5/25/17; 11:48 AM EST = +70; signal line is +68

5/25/17; 10:57 AM EST = +86; signal line is +68

5/25/17; 9:36 AM EST = +100; signal line is +68

5/24/17; 3:36 PM EST = +84; signal line is +67

5/24/17; 2:08 PM EST = +68; signal line is +66

5/24/17; 12:26 PM EST = +84; signal line is +66

5/24/17; 12:24 PM EST = +68; signal line is +65

5/24/17; 12:00 PM EST = +54; signal line is +65 but algorithm remains long

5/24/17; 11:01 AM EST = +68; signal line is +66

5/23/17; 3:09 PM EST = +84; signal line is +65

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long as the intense market drama continues. Keybot prints an astounding and rare +100 number representing the maximum possible reading for the algorithm (which is an oscillator at its heart). A +100 number represents an off-the-charts uber bullish stock market and likely a significant multi-week, month and/or year top forming.

Comically, the rare +100 number is becoming more and more common. The times that +100 has printed over the near 9-year life of the model is six times; 12/19/16-12/25/16; 1/17/17-1/19/17; 1/31/17; 2/10/17-3/5/17; 4/15/17 and now. Just think, at some point in the future, maybe two or three years down the road, the algo may be printing at -100.

Copper, financials, volatility and commodities continue to rule the roost and dictate broad stock market direction. Note that JJC closed exactly on the 29.47-29.48 level called out by the algorithm before it happened. That is always impressive when it happens with regularity. The banks turned bullish with XLF above 23.55 which created yesterday's rally. Obviously. the pivot from JJC 29.47 dictates market direction. Copper trades lower overnight. The banks, the XLF 23.55 level, remains key as well.

The market bears will benefit if VIX moves above 11.81 (now at 10.49) and/or GTX below 2291 (now at 2301). The key is copper and banks. Bulls will be taking stocks far higher with the SPX running above 2400 if JJC moves above 29.48 and XLF stays above 23.55 with both moving higher.

If JJC dips under 29.47 and moves lower, the stock market rally will stall. If XLF slips under 23.55, stocks will begin selling off more aggressively. The beat goes on.

5/28/17; 7:00 PM EST =

5/26/17; 10:00 AM EST =

5/23/17; 3:09 PM EST = +84; signal line is +65

5/23/17; 2:28 PM EST = +100; signal line is +63

5/23/17; 2:16 PM EST = +84; signal line is +62

5/23/17; 9:36 AM EST = +68; signal line is +59

5/22/17; 1:18 PM EST = +84; signal line is +58

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant flips to the bull side yesterday at SPX 2390. Interestingly, both the commodities (GTX) and volatility (VIX) turned bullish creating higher stock prices. In the afternoon, copper turned bullish which was a punch to the bear's soft belly. Markets remain in the sideways choppy pattern that chews up bulls and bears alike. Low volatility wreaks havoc on trading algorithms.

Copper will immediately tell you broad stock market direction today. Watch JJC 29.47 at the opening bell. Price is at 29.50 in the bull camp that caused lift in the stock market late yesterday. Market bears need JJC to fall under 29.47 and head lower which will signal that further upside in equities will not occur. Bulls win if copper keeps moving higher. Copper is down -0.5% in trading overnight.

Market bulls need the higher copper to keep the upside going and then need stronger banks. Financials are the laggard and XLF will need to move above 23.55 (now at 23.41) to prove that the SPX will jump above 2400 and rock and roll higher. Bears are fine if they can keep XLF under 23.55 and send JJC under 29.47.

Market bears need JJC under 29.47 and either GTX under 2291 or VIX above 11.81. If 2 of these 3 occur and the SPX drops under 2387, Keybot will likely whipsaw back to the short side.

On the last trade that only lasted three days, the Keybot computer program loses -0.6% and the actual trading dumps about -1%. For the year thus far, the SPX benchmark index is up a healthy +6.7%. The algorithm program is down -0.7%. The actual trading is down about -5% thus far this year. The sideways choppiness should subside in the weeks ahead.

For today, simply watch JJC 29.47, XLF 23.55, VIX 11.81 and GTX 2291. They will tell you everything you need to know about broad stock market direction; copper, banks, volatility and commodities, respectively.

5/28/17; 7:00 PM EST =

5/26/17; 10:00 AM EST =

5/22/17; 1:18 PM EST = +84; signal line is +58

5/22/17; 9:38 AM EST = +68; signal line is +57; go long 2390; (Benchmark SPX for 2017 = +6.7%)(Keybot algo this trade = -0.6%; Keybot algo for 2017 = -0.7%)(Actual results this trade = -0.9%; Actual results for 2017 = -5.2%)

5/22/17; 9:36 AM EST = +54; signal line is +56

5/21/17; 7:00 PM EST = +40; signal line is +55

5/17/17; 9:57 AM EST = +40; signal line is +56; go short 2376; (Benchmark SPX for 2017 = +6.1%)(Keybot algo this trade = +0.0%; Keybot algo for 2017 = -0.1%)(Actual results this trade = +0.2%; Actual results for 2017 = -4.3%)

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

Keybot the Quant remains bearish which is surprising considering the market joy late last week. To prove that up is the direction for the stock market one of these four things need to happen; either GTX above 2290 (now only 1 point away at 2289), VIX above 11.77 (now at 12.04), JJC above 29.51 (now at 29.33) or XLF above 23.59 (now at 23.35). Commodities are important along with volatility, copper and financials, respectively.

If either JJC moves above 29.51 and/or XLF above 23.59, either one would do, and the SPX moves above 2389, Keybot will likely flip long hence the imminent turn notation in the title line. if either commodities or volatility turn bullish, this may not be enough to cause the algo to go long unless both turn bullish.

Market bears will benefit from weaker retail stocks and the equity market will collapse if RTH loses 80.33 (now at 81.94). Keybot prints one pre-scheduled number this week on Friday morning. The beat goes on.

5/28/17; 7:00 PM EST =

5/26/17; 10:00 AM EST =

5/21/17; 7:00 PM EST = +40; signal line is +55
5/17/17; 9:57 AM EST = +40; signal line is +56; go short 2376; (Benchmark SPX for 2017 = +6.1%)(Keybot algo this trade = +0.0%; Keybot algo for 2017 = -0.1%)(Actual results this trade = +0.2%; Actual results for 2017 = -4.3%)

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

Keybot the Quant is on the short side but the bulls are staging a comeback. The algo has not printed any numbers since it went short on Wednesday. Interestingly, the rally action after the Wednesday selloff in stocks does not result in the algorithm printing any higher numbers, so far.

That may change at anytime and Keybot is tracking several key parameters. The upside rally will be confirmed and have legs if XLF moves above 23.59, or VIX below 11.76, or JJC above 29.50 or GTX above 2289. So bulls need higher banks, lower volatility, higher copper and higher commodities. If all four remain bearish, the stock market rally will likely peter out and roll over to the downside.

If one of the four turn bullish, Keybot may be in position to flip back to the long side. Market bears must hold the line on the four parameters listed.

5/21/17; 7:00 PM EST =

5/17/17; 9:57 AM EST = +40; signal line is +56; go short 2376; (Benchmark SPX for 2017 = +6.1%)(Keybot algo this trade = +0.0%; Keybot algo for 2017 = -0.1%)(Actual results this trade = +0.2%; Actual results for 2017 = -4.3%)

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant flips to the short side on Wednesday morning at SPX 2376 the market is dragged lower by weak banks and higher volatility. The algo number is 16 points under the signal line with the bears in control. Bears will receive further downside strength if retail stocks weaken with RTH under 80.15 (now causing lift in the stock market at 80.69).

The bulls will signal an end to the stock market selling if either XLF moves above 23.59 (now at 23.06) or VIX under 11.95 (now at 15.59).

Keybot flips short at the same exact SPX 2376 level that it went long at on the way up resulting in zero percent change for the algo program. The actual trading is also flat on the last trade. The benchmark S&P 500 Index remains up +6.1% so far this year. Keybot exited DIA and entered SDS. The 35 day timer has expired from the whipsaw moves in early April so the algo is now using 2x ETF's again.

Bears need weaker retail stocks and weaker semiconductors. Bulls need stronger banks and lower volatility. The beat goes on.

5/21/17; 7:00 PM EST =

5/17/17; 9:57 AM EST = +40; signal line is +56; go short 2376; (Benchmark SPX for 2017 = +6.1%)(Keybot algo this trade = +0.0%; Keybot algo for 2017 = -0.1%)(Actual results this trade = +0.2%; Actual results for 2017 = -4.3%)

5/17/17; 9:36 AM EST = +40; signal line is +55 but algorithm remains long

5/16/17; 9:00 AM EST = +70; signal line is +56

5/15/17; 9:36 AM EST = +70; signal line is +55

5/14/17; 7:00 PM EST = +54; signal line is +54 but algorithm remains long

5/12/17; 10:00 AM EST = +54; signal line is +54 but algorithm remains long

5/12/17; 9:36 AM EST = +54; signal line is +54 but algorithm remains long

5/11/17; 11:13 AM EST = +70; signal line is +54

5/11/17; 10:23 AM EST = +54; signal line is +53

5/7/17; 7:00 PM EST = +70; signal line is +53

5/5/17; 9:00 AM EST = +70; signal line is +52

5/2/17; 9:36 AM EST = +70; signal line is +52

5/1/17; 9:36 AM EST = +86; signal line is +52

4/30/17; 7:00 PM EST EOM = +54; signal line is +50

4/28/17; 3:53 AM EST = +54; signal line is +50

4/28/17; 10:00 AM EST = +70; signal line is +50

4/25/17; 10:00 AM EST = +70; signal line is +49

4/24/17; 3:07 PM EST = +70; signal line is +48; go long 2376; (Benchmark SPX for 2017 = +6.1%)(Keybot algo this trade = -0.8%; Keybot algo for 2017 = -0.1%)(Actual results this trade = -1.6%; Actual results for 2017 = -4.5%)

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

Keybot the Quant remains long. The algo prints one number to begin the week yesterday confirming the bull strength in stocks. Keybot also prints a number this morning before the opening bell which was a pre-scheduled number for this week. Note how the bulls and bears are battling with both the algo number and signal line number at +54 from late last week through Sunday.

Financials rally yesterday slapping the bears in the face. Slap, slap. Market bears need XLF under 23.61 and if this occurs, along with the SPX moving under 2394, Keybot would likely flip short. Bears would also benefit from VIX above 11.75.

Bulls benefit from XLF remaining above 23.61 and VIX under 11.75. Bulls will prove that more upside is on the way if they boost commodities and copper. GTX would need to move above 2286 and/or JJC above 29.43; either would confirm that the stock market will explode higher.

If the banks fail as explained above, stocks will  crumble lower. XLF is currently printing at 23.76 which is 15 pennies above the critical bull-bear line in the sand.

5/21/17; 7:00 PM EST =

5/16/17; 9:00 AM EST = +70; signal line is +56

5/15/17; 9:36 AM EST = +70; signal line is +55

5/14/17; 7:00 PM EST = +54; signal line is +54 but algorithm remains long

5/12/17; 10:00 AM EST = +54; signal line is +54 but algorithm remains long

5/12/17; 9:36 AM EST = +54; signal line is +54 but algorithm remains long

5/11/17; 11:13 AM EST = +70; signal line is +54

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

Keybot the Quant remains long during a sleepy week. The algo did not print any numbers until yesterday. Keybot prints a pre-scheduled number shortly after the opening bell this morning.

The drama with financials continue; the algo identifies the banks as the most important parameter currently impacting stock market direction. The bears need to push XLF under 23.61 to verify that selling in the stock market is at hand. Price is at 23.66 only a nickel away. Bulls must push the banks higher to remain in control of the markets. If XLF drops under 23.61, and the SPX drops under 2382, Keybot will likely flip short, hence the imminent turn notation in the title line above.

If the VIX moves above 11.95 (now at 10.60), you will see accelerated downside selling in the stock market. Bulls will be able to recover after any selloff in equities as long as they prevent the VIX from moving above 11.95. Bulls will receive upside strength if they push commodities higher. Bulls need to push GTX above 2290 now at 2214.

The beat goes on. Watch XLF 23.61 to see if it fails, if so, stocks will be trending lower. If VIX moves above 11.95, the bottom will fall out in the stock market.

5/14/17; 7:00 PM EST =

5/12/17; 10:00 AM EST =

5/11/17; 11:13 AM EST = +70; signal line is +54

5/11/17; 10:23 AM EST = +54; signal line is +53

5/7/17; 7:00 PM EST = +70; signal line is +53

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long as the sideways move through SPX 2330-2400 continues for the last three months. The S&P 500 is at 2399 testing the upper boundary of this sideways channel. The algo number is comfortably 17 points above the signal line.

The bulls need stronger copper and commodities to drive the stock market higher. The bears need lower financials and higher volatility to send stocks lower. Banks are key. Watch XLF 23.58 the top parameter the algo is currently tracking. XLF is at 23.84 on the bull side which creates upside strength in the stock market. Stocks will turn quickly sour if XLF falls under 23.58.

The algo likely needs both XLF under 23.84 and VIX above 12.00 to flip short, however, if XLF comes down to the critical 23.58-ish level, and jogs above and below for a few hours, that may be enough to flip the model short once XLF would fail from 23.58.

Pay attention to XLF 23.58 and VIX 12.00 to gauge broad stock market direction to begin the new week of trading. Copper is important. Keybot prints one pre-scheduled number this week on Friday morning.

5/14/17; 7:00 PM EST =

5/12/17; 10:00 AM EST =

5/7/17; 7:00 PM EST = +70; signal line is +53

5/5/17; 9:00 AM EST = +70; signal line is +52

5/2/17; 9:36 AM EST = +70; signal line is +52

5/1/17; 9:36 AM EST = +86; signal line is +52

April Publication of the Daily Chronology of Global Markets and World Economics 2017-04 is Available from Amazon; COMPQ, NDX and RUT All-Time Highs; COMPQ (Nasdaq Composite) Tags 6,000; Bitcoin Record Highs; Germany’s DAX 12,500; India’s BSE Sensex 30,000; Paltry 98K Jobs Report; Bank Earnings GS Disappoints; North Korea Turmoil; Article 50 Begins Brexit Process; Macron Likely Next President of France

The April Publication of the Daily Chronology of Global Markets and WorldEconomics 2017-04 is available through Amazon. The epic market action continues with more all-time stock market highs in the major indexes. The one-half of the United States that own stocks are joyous day after day while the other half of the United States struggles through eight years of high unemployment and debt. The gap between rich and poor in America is the widest in five decades. The United States is experiencing a gilded age (created by the Federal Reserve and other global central bankers); a society of the have’s and the have not’s.

April Cover Highlights;

COMPQ, NDX AND RUT ALL-TIME HIGHS

COMPQ (NASDAQ COMPOSITE) TAGS 6,000

BITCOIN RECORD HIGHS

GERMANY’S DAX 12,500

INDIA’S BSE SENSEX 30,000

PALTRY 98K JOBS REPORT

BANK EARNINGS GS DISAPPOINTS

NORTH KOREA TURMOIL

ARTICLE 50 BEGINS BREXIT PROCESS

MACRON LIKELY NEXT PRESIDENT OF FRANCE

The chronology explains the activity in global stock, bond and currency markets to key geopolitical events, central banker monetary policies and economic data releases. If you are trying to make sense of the markets this is the resource for you. No other publication exists where the stock, bond and currency moves are detailed and explained as world events take place in real-time.

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The May 2017-05 chronology is tentatively set for publishing by Amazon on Saturday, 6/3/17.

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. Bulls need higher commodities, GTX above 2306, to prove that the stock market will continue higher. Bears benefit from lower copper, lower banks and higher volatility. Bears need JJC under 29.75, or XLF under 23.56 or VIX above 12. Copper is tanking this morning and JJC should slip below 29.75, if so, that places a lid on the stock market upside.

The bears will likely also need XLF under 23.56, weaker banks, and SPX below 2386, to cause Keybot to flip to the short side. Bulls will be okay as long as they do not allow banks or volatility to turn bearish.

5/5/17; 9:00 AM EST =

5/1/17; 9:36 AM EST = +86; signal line is +52

4/30/17; 7:00 PM EST EOM = +54; signal line is +50

4/28/17; 3:53 AM EST = +54; signal line is +50

4/28/17; 10:00 AM EST = +70; signal line is +50

4/25/17; 10:00 AM EST = +70; signal line is +49