STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short but the stock market remains a toss-up. The algo has not printed a number since it flipped short on hump day. Equities rallied on Friday but you saw copper sinking like a stone so you knew that stocks would roll over, and they did. In fact, copper peaked and tanked exactly as the last message was posted. The bulls were trying to jam copper higher in the thinner overnight trading and almost succeeded but there was no sustainable juice there so the red metal collapsed. As copper goes, so goes the market. This will continue early next week.

The SPX ends the week at the 2992 palindrome where Keybot flipped short on Wednesday. Flip a coin.

Copper remains bearish while commodities and volatility remain bullish. Note that the VIX came up to tease the important 15.85-15.95 range again, two days in a row, but the bears did not have the strength to push volatility any higher. One of those three parameters will flinch and tell you the stock market direction ahead.

Bulls and bears call a truce on Friday and agree to rest up this weekend and then battle again next week. As always, watch for a President Trump or Xi tweet, or message from their henchmen, between 5 PM EST and 6 PM EST Sunday evening timed to when the futures markets open and Asia trading is set to come on line for the week.

9/22/19; 7:00 PM EST =

9/18/19; 1:29 PM EST = +68; signal line is +70; go short 2992; (Benchmark SPX for 2019 = +19.4%)(Keybot algorithm program this trade = +2.4%; Keybot algo for 2019 = +11.3%)(Actual results this trade = +2.8%; Actual trading results for 2019 = +24.2%)