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

Keybot the Quant is long as the S&P 500 prints a new all-time record high at 2949.52 and new all-time closing high at 2943.03. The algorithm is pegged at the maximum +100 reading representing uber bullishness in the stock market. In the Monday trade, copper fell which ushered in stock market weakness but by mid morning the bulls were jamming copper higher to save the day. Monday was a repeat of Friday with copper. As copper goes, so goes the market.

Copper futures are down -0.6% (due to weak China PMI data) as this message is typed six hours before the opening bell for the US Tuesday regular trading session. Bears must push CPER below 18.07 (now at 18.14 only 7 pennies away) which will occur if the futures remain weak. Bears need copper futures down -0.4% and more to create stock market trouble.

If CPER turns bearish, and if the SPX drops below 2939 (beginning the day at the record high at 2943), Keybot will likely flip short so the imminent turn notation is in the title line. S&P futures are down -2.

Bears will benefit from weaker commodities. Bears need GTX below 2540 (now at 2596) which would be a drop of -2.2%. Bears will also benefit if VIX moves above 16.47 (now at 13.15 about one-half hour into trading; VIX begins trading at 3 AM EST). The market price action remains historic but most people do not realize it.

Keybot prints two pre-scheduled numbers today; one in the morning and the other in the evening for EOM. May trading begins tomorrow but Japan trading is closed until next Tuesday and most of Asia and other countries will not trade tomorrow for May Day.

5/5/19; 7:00 PM EST =

5/3/19; 9:00 AM EST =

4/30/19; 7:00 PM EST EOM =

4/30/19; 10:00 AM EST =

4/29/19; 10:46 AM EST = +100; signal line is +90

4/29/19; 9:36 AM EST = +84; signal line is +90 but algorithm remains long
4/28/19; 7:00 PM EST = +100; signal line is +91

Note Added 7:22 AM EST Tuesday Morning, 4/30/19: Copper prints another dramatic reversal to the upside the bulls jam it from -0.6% a few hours ago to +0.6% now; a big +1.2% intraday turnaround. Three days in a row of three copper stick-saves. Watch copper.

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is on the long side of the stock market with the algo continuing to print the historic and maximum +100 readings. Copper and commodities are the two parameters most impacting stock market direction currently. Bears need CPER under 18.06 (now at 18.11 only a nickel away) and/or GTX below 2533 (now at 2598).

The bulls saved the day on Friday jamming copper higher which rallied the stock market. The SPX prints a new all-time closing high at 2940 (ending the day and week at the high) but the all-time high at 2941 from last September remains in place. The S&P 500 is only a hair away, a dollar and 3 cents to be exact, from an all-time record high.

Copper only needs to lose -0.3% to create stock market trouble so watch the copper futures overnight into Monday morning for a heads-up on the US trading day. If copper turns bearish, consider the imminent turn to the short side to be in play. Commodities need to lose -2.5% to create stock market trouble.

Keybot prints three pre-scheduled numbers this week two on Tuesday and one on Friday. The month of April ends on Tuesday (EOM). May begins Wednesday. The beat goes on.

5/5/19; 7:00 PM EST =

5/3/19; 9:00 AM EST =

4/30/19; 7:00 PM EST EOM =

4/30/19; 10:00 AM EST =

4/28/19; 7:00 PM EST = +100; signal line is +91

4/26/19; 3:04 PM EST = +100; signal line is +91; go long 2935; (Benchmark SPX for 2019 = +17.1%)(Keybot algorithm program this trade = -0.5%; Keybot algo for 2019 = +10.1%)(Actual results this trade = -1.0%; Actual trading results for 2019 = +19.4%)

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant whipsaws back to the bull side late Friday afternoon at SPX 2935. The bulls jam copper higher to save the day. Copper and commodities are the two key parameters currently most impacting broad stock market direction.

The algorithm is back at the epic +100 maximum reading. Few realize the importance of this historic price action. As always, stay alert for a whipsaw move back to the short side (if copper and commodities weaken).

On the last trade, which lasted only 12 trading hours for the bears, the Keybot algo program loses a half-percent and the actual trading loses a percent. The robot remains in the double ETF's but if the whipsaw would have occurred about 90 minutes sooner, Keybot likely would have dropped down into the single ETF's. Keybot exits SDS and enters SSO. On the year, the benchmark S&P 500, which is the broad stock market, is up more than +17%. The bulls are joyous and euphorically happy. The Keybot the Quant algo program is up +10% on the year and the actual trading is up over +19% outperforming the SPX. Copper remains the key.

4/28/19; 7:00 PM EST =

4/26/19; 3:04 PM EST = +100; signal line is +91; go long 2935; (Benchmark SPX for 2019 = +17.1%)(Keybot algorithm program this trade = -0.5%; Keybot algo for 2019 = +10.1%)(Actual results this trade = -1.0%; Actual trading results for 2019 = +19.4%)

4/26/19; 10:31 AM EST = +100; signal line is +90 but algorithm remains short

4/26/19; 10:00 AM EST = +84; signal line is +90

4/25/19; 9:36 AM EST = +84; signal line is +89; go short 2920; (Benchmark SPX for 2019 = +16.5%)(Keybot algorithm program this trade = +5.4%; Keybot algo for 2019 = +10.6%)(Actual results this trade = +10.6%; Actual trading results for 2019 = +20.4%)

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant flips to the bear side after the opening bell this morning at SPX 2920. CPER fails at the critical 18.07 bull-bear line in the sand and is now printing at 18.00. The weakness in copper causes the weakness in the stock market, however, the dip-buyers remain drunk on central banker wine and are quick to buy, buy, buy.

As long as copper remains weak, the stock market should roll over. As always, watch for a whipsaw move back to the bull side but this would probably only occur if CPER moves above 18.07 again. The quant was bullish for 6 weeks and that has to be the least amount of numbers the algo has ever printed during a 6-week period. Keybot finally came down from its +100 maximum pedestal to +84. The bears are going to try and drive the bus for a while. The SPX recovers today and is currently at 2935. Copper futures are down almost 5 points, -1.7%, to the ominous 2.8666. CPER just collapsed to 17.92.

On the last trade, the algo program gains over +5% and the actual trading logs an over +10% gain since mid-March. The actual trading generated by Keybot the Quant is up an astounding +20% this year thus far outperforming the SPX. The S&P 500 benchmark index is up +17% this year thus far. Keybot exits SSO and enters SDS. Keep watching copper.

4/28/19; 7:00 PM EST =

4/26/19; 10:00 AM EST =

4/25/19; 9:36 AM EST = +84; signal line is +89; go short 2920; (Benchmark SPX for 2019 = +16.5%)(Keybot algorithm program this trade = +5.4%; Keybot algo for 2019 = +10.6%)(Actual results this trade = +10.6%; Actual trading results for 2019 = +20.4%)

4/21/19; 7:00 PM EST = +100; signal line is +89

4/19/19; 9:00 AM EST = +100; signal line is +87

4/14/19; 7:00 PM EST = +100; signal line is +85

4/12/19; 10:00 AM EST = +100; signal line is +83

4/7/19; 7:00 PM EST = +100; signal line is +81

4/5/19; 9:00 AM EST = +100; signal line is +79

4/1/19; 9:36 AM EST = +100; signal line is +78

3/31/19; 7:00 PM EST EOM EOQ1 = +84; signal line is +76

3/29/19; 10:00 AM EST = +84; signal line is +75
3/26/19; 10:00 AM EST = +84; signal line is +73

3/26/19; 9:00 AM EST = +84; signal line is +71

3/25/19; 10:57 AM EST = +84; signal line is +70

3/25/19; 9:51 AM EST = +68; signal line is +70 but algorithm remains long

3/24/19; 7:00 PM EST = +84; signal line is +69

3/22/19; 12:42 PM EST = +84; signal line is +68

3/22/19; 12:31 PM EST = +68; signal line is +67

3/22/19; 9:36 AM EST = +84; signal line is +67

3/21/19; 11:02 AM EST = +100; signal line is +67

3/21/19; 10:21 AM EST = +84; signal line is +66

3/21/19; 10:11 AM EST = +100; signal line is +66

3/21/19; 9:41 AM EST = +84; signal line is +66
3/17/19; 7:00 PM EST = +100; signal line is +65

3/15/19; 10:00 AM EST = +100; signal line is +65

3/11/19; 11:15 AM EST = +100; signal line is +64

3/11/19; 11:04 AM EST = +84; signal line is +63; go long 2771; (Benchmark SPX for 2019 = +10.5%)(Keybot algorithm program this trade = +0.2%; Keybot algo for 2019 = +5.2%)(Actual results this trade = +0.4%; Actual trading results for 2019 = +9.8%)

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long and has not printed any numbers this week thus far. The algo remains at the epic +100 level. Copper remains the key. If CPER falls below 18.07, now at 18.27, and if the SPX drops below 2926 (beginning the day at 2927), Keybot will likely flip short.

Bears need copper to fall -1.1%. Copper futures are trading down -0.5% giving up yesterday's gains. So the bears can create market weakness if they send copper another one-half percent lower intraday. Copper is falling off a cliff beginning at 4 AM EST now down -0.8%. Whoa, check that. Copper now down -1.0%. If CPER slips bearish when the regular Thursday trading session begins, consider the imminent turn to the short side to be in play. Since copper only has to fall a touch more, and the SPX only needs to drop one point, the stock market bears have a chance to turn the tables on the bulls today. Will they?

4/26/19; 10:00 AM EST =

4/21/19; 7:00 PM EST = +100; signal line is +89

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. The same dead horse requires daily beatings; stocks keep floating higher. The bulls have the algorithm pegged at the maximum +100 reading. It is interesting to see investors and traders with a laissez-faire attitude when this is epic and historic market action occurring right in front of everyone's eyes.

The central bankers promising easy money forever this year has sent all parameters comprising the algo to the moon. Copper remains the key. Keybot identifies CPER 18.05 as the key bull-bear line in the sand. Price came down to.... wait for it.... wait a bit longer for it ..... 18.05. Copper then bounced and CPER begins today at 18.16 only 11 pennies away (0.6%). Copper futures are up +0.5% currently as this message is typed 2-1/2 hours before the opening bell for the Wednesday regular session. So copper needs to drop about -1% off its current intraday level to create stock market trouble.

If CPER drops below 18.05, and if the SPX drops below 2909 trending lower, Keybot will likely flip to the short side. If CPER turns bearish, consider the imminent turn to the short side to be at hand. Until then, enjoy the historic price action in markets. It will probably be written about for decades to come.

4/28/19; 7:00 PM EST =

4/26/19; 10:00 AM EST =

4/21/19; 7:00 PM EST = +100; signal line is +89

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long as the new week of trading is set to begin. Copper futures are trading -0.4% lower. The bears need CPER below 18.02, now at 18.30, which represents a -1.5% drop. So the bears will have to push a little harder.

If CPER turns bearish, and the SPX drops under 2892, Keybot will likely flip short. The S&P 500 begins the week at 2905. S&P futures are down -8 about 3-1/2 hours before the opening bell for the Monday regular trading session. VIX 13.25.

The algorithm remains at the maximum +100 level representing historic economic and market times.

4/28/19; 7:00 PM EST =

4/26/19; 10:00 AM EST =

4/21/19; 7:00 PM EST = +100; signal line is +89

4/19/19; 9:00 AM EST = +100; signal line is +87

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. The algorithm idled along all last week without printing any numbers except for the Friday pre-scheduled number. The bulls are euphorically joyous celebrating each day by buying stocks at the ask. The quant remains pegged at the maximum +100 level representing the truly historic stock market and economic history currently being written.

Watch copper closely. Keybot is locked-on tracking the red metal as the most important parameter currently impacting broad stock market direction. Copper was down -1.6% on Thursday (last day of trading for the week) as investors were buying stocks with both fists.

US trading was closed on Friday and reopens on Monday. America and other nations are enjoying the Easter holiday weekend. Jewish folks are celebrating Passover. Investors are busy stuffing their fat faces with Peeps, chocolate bunnies, jelly beans and decorated hard-boiled Easter eggs; they will have to keep the Pepto-Bismol handy. 

4/21/19; 7:00 PM EST =

4/19/19; 9:00 AM EST = +100; signal line is +87

4/14/19; 7:00 PM EST = +100; signal line is +85

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. The band plays on. The quant idles along without printing any numbers this week thus far.  Financials launch to the moon so the bulls cheer. The algorithm remains pegged at the maximum +100 ceiling. The historic price action continues. The bears big hope would be copper. Starting a couple hours ago, copper futures began falling like a rock, now stabilizing down about -1.9%.

The bears need CPER below 18.01, now at 18.57. This would be a -3% drop. The bears have two-thirds of this right now. If the bears turn CPER negative (copper futures down more than -3%), and if the SPX drops below 2895 trending lower, Keybot will likely flip short, so the caution flag remains out. If copper fails, consider the imminent turn to the short side to be at hand. 

Copper futures are down -1.666% four hours before the regular Thursday US trading session begins (the bears will have to push harder). US markets are closed tomorrow and will reopen on Monday. The band plays on.

4/21/19; 7:00 PM EST =

4/19/19; 9:00 AM EST =

4/14/19; 7:00 PM EST = +100; signal line is +85

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. The algo number remains pegged at the maximum +100 level. This is truly remarkable and historic price action. Keybot did not print any numbers in the Monday session so this ongoing eerie malaise continues with the model remaining bullish.

The algorithm is tracking banks and copper with great interest as it has for over one week. These two parameters will likely dictate if the stock market rally continues, or ends. Bears need XLF under 26.23, now at 26.97, so that would be a drop of -2.7% in the banks. Bank earnings season is ongoing right now.

Bears need CPER under 18.01, now at 18.40, so that would be a drop of -2.1% in copper. Copper futures are trading down marginally about three hours before the opening bell for the Tuesday regular US trading session. S&P futures are up +9. VIX 12.17.

The caution flag is out. If either XLF or CPER flips bearish today, either one would do, the imminent turn to the downside will be in play, and if the SPX then drops below 2896, Keybot will likely flip short. Pay attention to the banks and copper.

4/21/19; 7:00 PM EST =

4/19/19; 9:00 AM EST =

4/14/19; 7:00 PM EST = +100; signal line is +85

4/12/19; 10:00 AM EST = +100; signal line is +83

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long. The algo prints only one number during the whole week of trading last week; the pre-scheduled number. This is very rare price action.

The stock market bulls remain on Cloud 9, partying like its 1999. The central banker money-printing is too much for the bears to handle. The algo remains pegged at the maximum 100 level with the parameters across the board bullish to the hilt. Take a deep breath, pause, and reflect. These are epic and historic times for the global economy and markets. The ongoing price behavior is atypical. These are special times.

JPM leads the banks higher on Friday. Copper explodes higher on the perception that the hot China export trade data will continue for quarters to come. The beat goes on.

4/14/19; 7:00 PM EST =

4/12/19; 10:00 AM EST = +100; signal line is +83

4/7/19; 7:00 PM EST = +100; signal line is +81

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long. The algorithm is idling along this week without printing any numbers as yet. The quant continues tracking banks and copper as the two key parameters controlling market direction. You can see that the bears are having a hard time gathering up downside steam since oil and copper remain elevated.

Interestingly, the Q1 earnings season is about to kick off with the...... wait for it...... banks. So the stakes are high. As the banks go, so goes the stock market. Bears need XLF below 26.00 (now at 26.41). Bulls are fine above XLF 26. Bears need a drop of about -1.6% in the banks.

Bears need copper to drop to create market sickness. Bears need CPER under 18.00 (now at 18.39). Bulls are fine above CPER 18. Copper futures are up +0.2% on Wednesday morning. Bears need a drop of about -2.2% in copper to create market mayhem.

Keybot likely needs to see both banks and copper to fail to flip itself short. However, especially with the banks about to report yearnings, a failure in financials may create the initial push lower for the stock market on their own. XLF would have to fail at 26-ish, and remain below for a few minutes or so, then recover back above to the bull side for a while, then fail again (jogging above and below the bull-bear line in the sand at 26-ish). On that second failure, that may be enough to flip Keybot short, if this scenario occurs. Time will tell. Watch the banks and copper.

4/14/19; 7:00 PM EST =

4/12/19; 10:00 AM EST =

4/7/19; 7:00 PM EST = +100; signal line is +81

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long. The stock market bulls are singing songs and carryin' on. The quant idles along all last week only printing one number. Keybot remains pegged at the maximum +100 reading. These are truly epic times for markets and economies. The highs made in the stock market may potentially not be seen for many years forward.

The algo number is 19 points above the signal line so the bulls are in full control. Banks and copper remain the two key parameters that Keybot continues tracking with interest. Bears have zero hope unless the financials and copper move lower.

Bears need XLF below 25.90 (now at 26.60) and/or CPER below 17.87 (now at 18.10). So a drop of -1.3% in copper will create problems for the stock market. XLF would need to drop -2.6% (the banks had a big week last week with XLF finishing up +3.5%).

If either parameter turns bearish, consider the imminent turn to the downside to be in play. If both parameters turn bearish, and the SPX moves below 2883, Keybot would likely flip short. For now, however, the bulls are cruising along without a care in the world. Keybot prints a pre-scheduled number this week on Friday morning.

4/14/19; 7:00 PM EST =

4/12/19; 10:00 AM EST =

4/7/19; 7:00 PM EST = +100; signal line is +81
4/5/19; 9:00 AM EST = +100; signal line is +79
4/1/19; 9:36 AM EST = +100; signal line is +78

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long. The bulls jam the banks higher which leads to euphoric stock market gains. XLF pops above 25.86 at the opening bell and it was over for the bears. The SPX is currently printing 2862 with about 45 minutes remaining in the Monday trade. Keybot prints another maximum +100 reading. The euphoria, fearlessness and complacency is creating a joyous stock market party.

Interestingly, copper turns negative and is down -0.3% on the session. The key is the banks. XLF 25.86 remains key. Ditto CPER 17.85. The bulls are cruising with the algo number 22 points above the signal line.

4/7/19; 7:00 PM EST =

4/5/19; 9:00 AM EST =

4/1/19; 9:36 AM EST = +100; signal line is +78

3/31/19; 7:00 PM EST EOM EOQ1 = +84; signal line is +76

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

Keybot the Quant remains long as the market drama and banks versus copper battle continue. The bulls have the upper hand rallying copper on Friday and overnight last night although prices are off the session highs. The banks remain negative creating stock market weakness.

S&P futures are up +20 about 3 hours before the opening bell for the regular Monday trading session. Thus, stocks are likely set up for a strong rally at the opening bell for the SPX cash index. The key is the banks. If XLF rises above 25.85, the stock market rally is real and sustainable and the imminent turn notation will be removed from the title line. If stocks rally but XLF remains below 25.85 (beginning the new week of trading at 25.71), equities will likely roll over and begin falling apart.

If CPER moves below 17.85 (now at 18.32), and/or NYA below 12472 (now at 12697), either one would do, and if the SPX drops below 2819, Keybot will likely flip short. The algo prints one pre-scheduled number this week on Friday morning.

4/7/19; 7:00 PM EST =

4/5/19; 9:00 AM EST =

3/31/19; 7:00 PM EST EOM EOQ1 = +84; signal line is +76
3/29/19; 10:00 AM EST = +84; signal line is +75