Thursday, April 18, 2019


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

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