Tuesday, November 20, 2018


Keybot the Quant remains short as the bears continue to tear away bull flesh this week. The bears are in control with the algo number 4 points below the signal line. Bulls need stronger copper so watch copper trading overnight for a clue on market direction tomorrow (Wednesday). Bulls need CPER above 17.34 and the imminent turn will be in play. If copper turns bullish and the SPX moves above 2669, Keybot will likely flip long.

Bears need to keep copper and banks weak. Also, bears will benefit greatly if they can pull UTIL below 723.51. Stocks will immediately take a leg lower if the utes fail.

Thus, bulls will win with higher copper while bears win with weaker utilities. Keybot prints a pre-scheduled number tomorrow at 10 AM EST. Wednesday is the last full trading day this week. US markets are closed on Thursday for Thanksgiving Day and Friday is only a half-session.

11/25/18; 7:00 PM EST =
11/21/18; 10:00 AM EST =
11/20/18; 12:38 PM EST = -20; signal line is -16

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