Sunday, April 28, 2019


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%)

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