Monday, April 1, 2019


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

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