Tuesday, April 16, 2019


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

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