STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long as the stock market late-year melt-up continues fueled by US-China trade deal hype. Happy Thanksgiving to all. US markets are closed today as traders lounge around at home eating turkey legs and pumpkin pie. Under the cover of the Turkey Day holiday, President Trump signs the US bill supporting the Hong Kong protesters which will draw the ire of President Xi that told him for the last five months to not meddle in their Chinese domestic affairs. Comically, Trump tells Xi he is doing him a favor. Trump signed the bill because he would have been overruled by Congress anyway due to the bipartisan (majority of democrats and republicans) support for the bill.

S&P futures drop -10 on the news last evening and have remained there so not a big retreat on the negative news. Traders are likely waiting to see how China responds. Of course, signing the Hong Kong bill throws a wrench into the trade talks but it appears that Trump and Xi need political wins so both may desire a trade deal.

The big up in copper creates the new all-time high for the S&P 500 at 3153.63 the highest number in history and a new all-time closing high, the 26th of this year, at 3154.26.

The bears need weaker copper and commodities, CPER below 16.63 and/or GTX below 2452, respectively. This reflects a drop in copper futures of about -1.7% and a drop in commodities of about -1.5%. Copper futures are currently trading down -0.8% so the bears are halfway there.

The bears would also benefit from higher volatility. The stock market will fall apart when the VIX moves above 15 but the bulls are happy and content with the current 11-handle. Weaker utilities would also benefit the bears. Watch UTIL 832-ish through Friday, 12/6/19. If this level fails before then, stocks will be in serious trouble. If UTIL falls below 846 during the week of 12/16/19, stocks will be in serious trouble. UTIL is currently at 853.

The bulls are in charge with the algo number 6 points above the signal line. The caution flag remains out since the markets can turn on a dime due to the trade deal drama. Tomorrow, Friday is the last day of trading for November (EOM). It is surprising to see the stock market continue higher since when a month is up from start to finish, like November, it typically ends in weakness the last 2 or 3 days.

12/1/19; 7:00 PM EST EOM =

11/26/19; 10:00 AM EST = +88; signal line is +82

11/25/19; 3:31 PM EST = +88; signal line is +82; go long 3133; (Benchmark SPX for 2019 = +25.0%)(Keybot algorithm program this trade = -0.6%; Keybot algo for 2019 = +19.1%)(Actual results this trade = -1.3%; Actual trading results for 2019 = +39.4%)

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant flips back to the long side late in the Monday session at SPX 3133. The bulls are keeping copper in their camp, by a hair, so stocks remain elevated. Keybot was champing at the bit to go long yesterday but the gap-up move activated a delay timer which prevented the move long, but by late day, the stock market overcame its record highs to print more new record highs and cause the quant to flip.

The S&P 500 prints the highest number in history at 3133.83 and a new all-time closing high at 3133.64 both on Monday, 11/25/19, only three days before Thanksgiving Day.

Stay alert for a potential whipsaw move back to the short side. It all depends on copper. Copper futures were positive overnight but starting at 4 AM EST turned negative down -0.2% five hours before the start of the US Tuesday trading session. Weak copper would help the bears flip the model back to the short side.

On the last trade, that only ran for three trading days, the Keybot algo program loses -0.6% and the actual trading loses -1.3%. For the year, with only a month remaining, the S&P 500 benchmark stock market index is up +25% and the actual trading generated by Keybot is up over +39%. Keybot exited SDS and entered SSO remaining in the 2x ETF's.

Interestingly, Keybot only flipped long yesterday due to the market behavior in that one-minute time slot at 3:31 PM EST; if that had not occurred, Keybot would still be short. In other words, markets are a toss-up right now, a coin-flip. Keybot is a smart robot and it may have wanted to flip long to potentially whipsaw back to the short side today or tomorrow since that would drop it into single 1x ETF mode to reduce risk in choppy markets. Time will tell.

Keybot prints a pre-scheduled number this morning. Trading volume is light since it is a holiday-shortened trading week. The caution flat remains out and if copper remains negative and slumps lower, the imminent turn back to the short side will be in play. For now, the bulls are in control of the stock market with the algo number only 6 points above the signal line. Doctor Copper is deciding who he wants to take to the dance.

12/1/19; 7:00 PM EST EOM =

11/26/19; 10:00 AM EST =

11/25/19; 3:31 PM EST = +88; signal line is +82; go long 3133; (Benchmark SPX for 2019 = +25.0%)(Keybot algorithm program this trade = -0.6%; Keybot algo for 2019 = +19.1%)(Actual results this trade = -1.3%; Actual trading results for 2019 = +39.4%)
11/24/19; 7:00 PM EST = +88; signal line is +81 but algorithm remains short

11/22/19; 10:52 AM EST = +88; signal line is +81 but algorithm remains short
11/22/19; 10:00 AM EST = +72; signal line is +81
11/21/19; 9:36 AM EST = +72; signal line is +80

11/20/19; 11:01 AM EST = +88; signal line is +80 but algorithm remains short

11/20/19; 10:25 AM EST = +74; signal line is +79; go short 3113; (Benchmark SPX for 2019 = +24.2%)(Keybot algorithm program this trade = +6.3%; Keybot algo for 2019 = +19.7%)(Actual results this trade = +13.0%; Actual trading results for 2019 = +40.7%)

STOCK MARKET BEARISH -- SHORT -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains short but the algo is champing at the bit to go long with the algo number 7 points above the signal line. Once again, the bulls pumped copper on Friday and you can see from 11 AM EST on, the stock market went straight up. 'As copper goes, so goes the market' these days.

The bulls need the SPX to move above the 3113 palindrome and trend higher and Keybot will likely flip long, hence, the imminent turn notation is in the title line. The SPX is at 3110 so watch to see if the S&P futures are up a couple points or more overnight Sunday.

The bears need copper to turn bearish. Bears need CPER below 16.59 and price is only 2 pennies above at 16.61. Bulls will rejoice with upside ecstasy for the stock market if CPER remains above 16.59 and heads higher. Watch to see if copper futures drop from -0.2% to -0.4% which is what the bears need if they want to send stocks south.

Weaker commodities, GTX falling below 2448, and/or higher volatility, the VIX moving above 15.10, will send stocks strongly lower. The stock market will be okay if commodities and volatility remain in the bull camp. If they fail, the stock market will fall apart.

Keybot prints one pre-scheduled number on Tuesday morning. The trading month of November finishes on Friday (EOM). Thursday is the Thanksgiving Day holiday so markets are closed. Friday is an early close. Trading volume may be light. The stock market is usually quiet and buoyant around Thanksgiving but in these epic times, anything goes.

Watch Doctor Copper; he's laying on the gurney but the central bankers and US-China trade representatives keep shooting him with morphine every now and then so he jumps up and dances a jig.

12/1/19; 7:00 PM EST EOM =

11/26/19; 10:00 AM EST =

11/24/19; 7:00 PM EST = +88; signal line is +81 but algorithm remains short

11/22/19; 10:52 AM EST = +88; signal line is +81 but algorithm remains short

11/22/19; 10:00 AM EST = +72; signal line is +81

11/21/19; 9:36 AM EST = +72; signal line is +80

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short. Copper fails into the bear camp creating stock market sogginess. Bears need weaker commodities and higher volatility to increase the selling pressure. Bulls need to pump copper higher to save the day. The SPX is down 4 points at 3104.

11/22/19; 10:00 AM EST =

11/21/19; 9:36 AM EST = +72; signal line is +80

11/20/19; 11:01 AM EST = +88; signal line is +80 but algorithm remains short

STOCK MARKET BEARISH -- SHORT -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains on the short side today as the wild and crazy market action continues. Keybot flips bearish today but is already champing at the bit to whipsaw back to the long side. The bulls jam commodities higher to try and regain control of the stock market.

If the SPX moves above 3119, which will probably have to occur after 10:25 AM EST tomorrow (Thursday, 11/21/19), Keybot will likely flip long. Thus, the imminent turn notation remains in the title line. The quant is short but the bulls are in control of the stock market with the algo number 8 points above the signal line. The internal parameters of the model are creating market negativity. It is a bull-bear battle. Flip a coin.

The bears need weaker copper and commodities and higher volatility if they want to take the stock market lower. Bears must push CPER below 16.59, GTX under 2446 and/or VIX above 15.12, respectively, to create market carnage. In fact, you can gauge the amount of downside juice that is in the stock market by these three parameters.

If none of the three parameters turn bearish, the bears got nothing and stocks will rally. If 1 of the 3 turn bearish, the imminent turn notation immediately goes away and equities will be falling. If 2 of the 3 turn bearish, stocks will be accelerating lower. If all 3 turn bearish, the caution flag will be removed and stocks will be falling into oblivion taking out stops like they are not even there.

Pay attention to copper. For the last couple weeks, 'as copper goes, so goes the market'. Copper futures need to drop -0.2%, a marginal amount, to guarantee stock market downside ahead; futures are currently down -0.1%. Copper overnight provides a heads-up for the US stock market on Thursday.

S&P futures are down -6 on Wednesday evening in the States on the East Coast. The Impeachment Hearings continue into the evening. The US-China trade deal negotiations continue. The global central bank money printing continues. The beat goes on.

11/24/19; 7:00 PM EST =
11/22/19; 10:00 AM EST =

11/20/19; 11:01 AM EST = +88; signal line is +80 but algorithm remains short

STOCK MARKET BEARISH -- SHORT -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant flips to the short side this morning at the SPX 3113 palindrome. The S&P 500 continues bumping along sideways ever since. The bulls jam commodities higher to try and save the day but stocks remain soggy and the quant remains short. The Impeachment Hearings against President Trump continue with Ambassador Sondland testifying and the stock market idles sideways.

The bears need GTX below 2446, CPER below 16.59 and/or VIX above 15.12 to prove that down is the correct direction ahead. As always, stay alert for a potential whipsaw move back to the long side. The bull-bear battle continues since the algo flips short but is already champing at the bit to whipsaw long again. Time will tell. Bears need one of those three parameters to fail and they will comfortably start walking the stock market lower. If status quo continues, the bulls will slowly regain strength.

On the last trade, which lasted about 6 weeks, the rally was huge. The Keybot algo program gains over +6% while the actual trading gains +13%! The benchmark SPX index is up an astounding +24.2% this year. Wow. Even more impressive is the Keybot the Quant actual trading up almost +41% this year obviously outperforming every quant model on Wall Street. Keybot is a smart robot. The quant exits SSO and enters SDS remaining in the 2x ETF's. Let's see if down is the way forward for stocks or if a whipsaw is on tap over the next day.

11/24/19; 7:00 PM EST =
11/22/19; 10:00 AM EST =

11/20/19; 11:01 AM EST = +88; signal line is +80 but algorithm remains short

11/20/19; 10:25 AM EST = +74; signal line is +79; go short 3113; (Benchmark SPX for 2019 = +24.2%)(Keybot algorithm program this trade = +6.3%; Keybot algo for 2019 = +19.7%)(Actual results this trade = +13.0%; Actual trading results for 2019 = +40.7%)

11/19/19; 9:36 AM EST = +74; signal line is +79 but algorithm remains long
11/19/19; 9:00 AM EST = +72; signal line is +79 but algorithm remains long
11/18/19; 9:36 AM EST = +72; signal line is +79 but algorithm remains long

11/17/19; 7:00 PM EST = +88; signal line is +79

11/15/19; 10:56 AM EST = +88; signal line is +79

11/13/19; 10:36 AM EST = +72; signal line is +79 but algorithm remains long

11/13/19; 10:21 AM EST = +88; signal line is +79

11/12/19; 3:36 PM EST = +72; signal line is +78 but algorithm remains long
11/10/19; 7:00 PM EST = +88; signal line is +78
11/8/19; 10:00 AM EST = +88; signal line is +78

11/3/19; 7:00 PM EST = +88; signal line is +78

11/1/19; 9:36 AM EST = +88; signal line is +77

11/1/19; 9:00 AM EST = +74; signal line is +76 but algorithm remains long

10/31/19; 7:00 PM EST EOM = +74; signal line is +76 but algorithm remains long

10/31/19; 9:48 AM EST = +74; signal line is +75 but algorithm remains long

10/29/19; 10:00 AM EST = +88; signal line is +74

10/27/19; 7:00 PM EST = +88; signal line is +72

10/25/19; 10:00 AM EST = +88; signal line is +70

10/23/19; 10:33 AM EST = +88; signal line is +67

10/22/19; 11:46 AM EST = +74; signal line is +64

10/22/19; 10:52 AM EST = +88; signal line is +61

10/20/19; 7:00 PM EST = +74; signal line is +59

10/18/19; 10:32 AM EST = +74; signal line is +56

10/18/19; 9:36 AM EST = +88; signal line is +54

10/17/19; 9:00 AM EST = +58; signal line is +50

10/15/19; 11:55 AM EST = +58; signal line is +48

10/15/19; 11:06 AM EST = +74; signal line is +45

10/15/19; 9:36 AM EST = +58; signal line is +42

10/14/19; 9:36 AM EST = +74; signal line is +40

10/14/19; 9:20 AM EST = +88; signal line is +37
10/14/19; 5:26 AM EST = +74; signal line is +33
10/13/19; 7:00 PM EST = +88; signal line is +30

10/11/19; 1:46 PM EST = +88; signal line is +27

10/11/19; 12:40 PM EST = +74; signal line is +24

10/11/19; 11:57 AM EST = +60; signal line is +23

10/11/19; 11:53 AM EST = +74; signal line is +22

10/11/19; 11:25 AM EST = +88; signal line is +20

10/11/19; 10:58 AM EST = +74; signal line is +18

10/11/19; 10:46 AM EST = +60; signal line is +16

10/11/19; 10:08 AM EST = +74; signal line is +14
10/11/19; 10:00 AM EST = +60; signal line is +11
10/11/19; 9:36 AM EST = +58; signal line is +9

10/10/19; 2:06 PM EST = +26; signal line is +6

10/10/19; 11:21 AM EST = +42; signal line is +5
10/10/19; 9:57 AM EST = +26; signal line is +4
10/9/19; 3:33 PM EST = +12; signal line is +3; go long 2928; (Benchmark SPX for 2019 = +16.8%)(Keybot algorithm program this trade = +2.1%; Keybot algo for 2019 = +13.4%)(Actual results this trade = +3.5%; Actual trading results for 2019 = +27.7%)

Note Added 1:09 PM EST: Whoopsies daisies. The news wires say the US-China trade deal hits a snag so stocks collapse. The SPX is down 23 points, -0.7%, to 3097 now sub 3.1K. The three parameters mentioned above, however, remains bullish. Bears need to turn at least one of them negative.

STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains long but continues champing at the bit to go short. The internal parameters will not yet fully latch to permit the move. Trying to keep it simple, if the SPX drops below the 3113 palindrome and trends lower, Keybot will likely flip short. The SPX begins the hump day session at 3120 so that would be a 7 point drop.

S&P futures are down -8 about 40 minutes before the opening bell. The bears need a slow steady move lower rather than a gap-down open which may trigger a timer that delays the move to the bear side for about 90 minutes. Time will tell.

The SPX prints a new all-time record high yesterday, Tuesday, 11/19/19, at 3127.64 the highest number in stock market history. The all-time closing high is at 3122.03 from Monday, 11/18/19.

Yesterday, copper was goosed during the session to keep the stock market buoyant. However, commodities failed creating a path to negativity going forward. Bulls need to move GTX back above 2443 to stop the sogginess in stocks.

Bears need to keep commodities weak and at the same time roll copper over to the downside. Copper futures went negative about an hour ago. Bears need copper to drop about -0.7% which will guarantee downside for the stock market. Bears would also benefit from higher volatility; they need the VIX to move above 15.12 which will create market carnage.

The bulls need higher commodities while the bears need the SPX to drop under 3113. Bears will then create more selling pressure in equities if copper weakens and if volatility rises. Copper futures are down -0.3%. The VIX is higher above 13 at 13.36.

The Housing Starts yesterday miss forecasts by a tiny hair but the number was healthy. The housing recession guessing game continues. Weekly mortgage applications are released this morning and are not impressive.

11/22/19; 10:00 AM EST =

11/19/19; 9:36 AM EST = +74; signal line is +79 but algorithm remains long
11/19/19; 9:00 AM EST = +72; signal line is +79 but algorithm remains long
11/18/19; 9:36 AM EST = +72; signal line is +79 but algorithm remains long

STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains long but is champing at the bit to go short. The algo number is 7 points below the signal line wanting the quant to flip short but the internal parameters are not yet fully latched to permit the move. If the SPX drops below 3112 and trends lower, Keybot will likely flip short. Thus, watch the S&P futures overnight to see if the bears can develop -10 points of downside which would spell trouble for stocks tomorrow.

The SPX prints the highest number in history today, Monday, 11/18/19, at 3124.17, the new all-time high and the new all-time closing high at 3122.03.

Copper failed this morning landing in the bear camp creating stock market downside. The bulls need CPER above 16.58 (now at 16.48) to prevent stock market weakness. The bulls need a +0.8% rise in copper futures which are currently trading down -0.1%.

Commodities are a major battle zone. The bears need GTX below 2446 (now at 2460) to create stock market negativity. If the GTX remains above 2446, the bears will not have much oomph to the downside.

Housing Starts drop in the morning and are uber important. The quant identified 7/17/19 as the start of a housing recession so the housing data tomorrow morning is super critical in determining if this forecast remains in play. Looking at the algo's data, the housing recession call should remain in place and ongoing since Starts will need to be 1.8 million-ish units and that is not going to happen. Copper and commodities are the main drivers of stock market direction these days.

11/24/19; 7:00 PM EST =

11/22/19; 10:00 AM EST =
11/19/19; 9:00 AM EST =
11/18/19; 9:36 AM EST = +72; signal line is +79 but algorithm remains long
11/17/19; 7:00 PM EST = +88; signal line is +79

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long as the new week of trading is set to begin. The bulls are in charge with the algo number 9 points above the signal line. The new record stock market highs keep printing day after day. The S&P 500 all-time high and all-time closing high are at 3120.46 on Friday, 11/15/19, the highest number ever recorded in stock market history.

The market bears need weaker copper and commodities. Bears need CPER below 16.58 and/or GTX below 2444 to pave the way for downside in equities. Weaker utilities and higher volatility would also help the bear case. Otherwise, the bulls will keep floating stocks higher. Since copper sits exactly on top of the bull-bear line in the sand and has to make a decision one way or the other, 'as copper goes, so goes the market'. Watch the copper futures overnight Sunday to provide a heads-up on US stock market direction.

Keybot prints two pre-scheduled numbers during the week this week one on Tuesday and the other on Friday.

President Trump unexpectedly saw the doctor last evening but the Whitehouse does not plan to release details. Wednesday is a key day this week since Ambassador Gordon Sondland at the center of the Impeachment Inquiry will testify and he has to decide if he will defend the president or save his own skin and start singing like a canary.

Sondland's testimony may be damaging to President Trump (since Sondland dealt with the president first-hand and his information is first-person and not hearsay) so markets may take notice. If Trump can weather the impeachment storm through the critical Wednesday testimony, he may be able to gain the upper hand on the proceedings and once again emerge as Teflon Don, or, the most damaging week of Trump's presidency may be on tap in the week ahead. The beat goes on.

11/24/19; 7:00 PM EST =

11/22/19; 10:00 AM EST =
11/19/19; 9:00 AM EST =

11/17/19; 7:00 PM EST = +88; signal line is +79

11/15/19; 10:56 AM EST = +88; signal line is +79

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long as the stock market drama continues. The US says a trade deal with China is in its final strokes sending the stock market strongly higher. The SPX prints a new all-time high and new all-time closing high both at 3120.46. Stocks closed the day, and week, at the record highs. Traders will want to here details this weekend on this latest US-China trade news hype.

The bulls are in control with the algo number 9 points above the signal line. Copper keeps teetering in and out of the bear camp now in the bull camp creating stock market buoyancy. Bears need weaker copper to prove they can take stocks lower. As copper goes, so goes the market. The imminent turn to the short side will be back in play for the quant if copper turns bearish.

11/17/19; 7:00 PM EST =

11/15/19; 10:56 AM EST = +88; signal line is +79

11/13/19; 10:36 AM EST = +72; signal line is +79 but algorithm remains long

STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains long but is champing at the bit to go short since late Tuesday afternoon. The algo number is 7 points below the signal line but the internal parameters are not yet all fully latched to permit the move to the bear side. If the SPX slides below 3079, it is likely that Keybot will flip short, hence the imminent turn notation is in the title line.

S&P futures are down -5 about 2 hours before the opening bell for the regular Thursday trading session. The SPX begins the Thursday trade at 3094.04 a new all-time closing high from yesterday, Wednesday, 11/13/19, so the bears have their work cut out for them. The all-time high at 3102.61 occurred on Tuesday, 11/12/19.

Copper is the key. CPER comes down to ...... wait for it..... wait a bit longer for it........ no, you really need to wait a bit longer........ 16.58. Keybot the Quant called out that exact number before it occurred. Of course it did; it is the best trading model on Wall Street. Thus, as copper goes, so goes the market. Copper futures are trading up +0.4% currently so CPER is set to pop a penny or two into the bull camp which may delay a drop in the broad stock market. The market bears need to see copper turn red. Commodities remain at play. The bears need GTX below the 2442 palindrome to cause market mayhem.

The bears need the SPX to drop below 3079 and down is the path ahead for stocks while the bulls need higher copper to keep the stock market elevated. The beat goes on.

11/17/19; 7:00 PM EST =

11/13/19; 10:36 AM EST = +72; signal line is +79 but algorithm remains long

11/13/19; 10:21 AM EST = +88; signal line is +79

11/12/19; 3:36 PM EST = +72; signal line is +78 but algorithm remains long

11/10/19; 7:00 PM EST = +88; signal line is +78

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long as the new week of trading is underway. Happy Veterans Day to all the vets. Thank you for your service. The algo does not print any numbers during the Monday session.

The bears need weaker copper, commodities and utilities to create market downside. Bears need CPER under 16.58, GTX below the 2442 palindrome and/or UTIL under 818, respectively. This equates to a -0.7% drop in copper futures, -1.1% drop in commodities and -1.3% drop in utes. If any one of the three fail into the bear camp, consider the imminent turn to the downside to be in play. If one of the three fail, and the SPX slips below 3076, and is trending lower, Keybot will likely flip short. The SPX begins the Tuesday session at 3087.

Copper is the most important parameter currently impacting stock market direction. Thus, bears want to see equities selling off in conjunction with the red metal dropping. If stocks drop but copper remains bullish, stocks will likely recover. If stocks are buoyant but copper becomes soggy, stocks will likely roll over to the downside.

The full moon peaks for the month at 8:34 AM EST tomorrow morning, only 12-1/2 hours away. The overnight scenery outside tonight will be the most lit of the month. Stocks are typically bullish through the full moon each month. This week is OpEx week so typically a Tuesday low leads to a Wednesday high. Thus, the bulls have the wind at their backs the next couple days, into hump day afternoon, but if copper, commodities or utilities fail, the bears will immediately growl. 

11/17/19; 7:00 PM EST =
11/10/19; 7:00 PM EST = +88; signal line is +78

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long as the bulls maintain elevated equity prices. Investors are convinced that stocks will go up for the remainder of the year and into early 2020. The S&P 500 prints a new all-time record high at 3097.77 on 11/7/19 (trip 7's) and new all-time closing high at 3093.08 on 11/8/19.

The bulls are in control with the algo number 10 points above the signal line; not a large difference. The quant is tracking commodities and copper with great interest. Bears need GTX below 2440 (now at 2488) and CPER below 16.54 (now at 16.89), respectively, to create stock market weakness. The VIX moving above 15.38 and UTIL below 818 will also create market pain. If these four parameters remain happily bullish, like now, stocks should continue floating higher.

If any of the four turn bearish, Keybot will be in position to flip short and the imminent turn to the bear side would be on the table. The SPX LOD on Friday is 3074 a key market level for Monday trading. The S&P 500 begins the new week of trading at 3093.

Keybot did not print any numbers last week except for the pre-scheduled number. This is rare behavior for the quant. The stock market is on a pedestal, a plateau, contemplating a breakout higher, or collapse lower, but is frozen like a deer in the headlights not knowing which way to turn.

Keybot does not print any pre-scheduled numbers this week. These are historic times which may lead to epic stock market moves. Watch copper futures overnight. China or the USA may make trade statements between 5 PM EST and 6 PM EST this evening to influence markets when futures open.

11/17/19; 7:00 PM EST =
11/10/19; 7:00 PM EST = +88; signal line is +78
11/8/19; 10:00 AM EST = +88; signal line is +78
11/3/19; 7:00 PM EST = +88; signal line is +78

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long as stocks continue printing new highs. The SPX did not print a new all-time high on Tuesday. Monday's record high for the S&P 500 at 3085.20 remains the highest number ever printed in stock market  history. The algo is idling sideways all week long thus far without printing any numbers.

Commodities and copper remain a key focus so look for weakness in these areas to signal weakness in the stock market. The bears need a -2.4% drop in copper futures to take the stock market lower but the futures are only down -0.2% currently.

The bulls are in control but the algo number is only 10 points above the signal line. Everyone is scratching their heads wondering if a shoe will drop.

11/10/19; 7:00 PM EST =

11/8/19; 10:00 AM EST =
11/3/19; 7:00 PM EST = +88; signal line is +78

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long as the historic price action continues in the stock market. The bulls are in control with the algo number 10 points above the signal line but this is not much of an advantage so the caution flag remains out. The S&P 500 is at record highs and S&P futures are up +8 about 7 hours before the opening bell for the US regular Monday trading session.

Bulls will keep floating the stock market higher unless the bears can create weakness in commodities and copper. Bears need GTX below 2428 (now at 2479) and/or CPER under 16.49 (now at 16.67). Bears need a -1.1% drop in copper futures which are currently trading up +0.5%. Retail stocks are important and may impact stock market direction this week.

Keybot prints a pre-scheduled number on Friday morning shortly after the market opens. The market joy continues.

11/10/19; 7:00 PM EST =

11/8/19; 10:00 AM EST =
11/3/19; 7:00 PM EST = +88; signal line is +78

11/1/19; 9:36 AM EST = +88; signal line is +77

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. The S&P 500 prints a new all-time record high at 3066.95 and new all-time record closing high at 3066.91 on Friday, 11/1/19. November begins with new stock market record highs. The 3067 is the highest number the SPX has ever printed in stock market history.

The bulls goosed commodities and copper to catapult stocks higher on Friday. Bears cannot stop the upside rally until they weaken these two parameters. The bulls are in control of the stock market direction currently but the caution flag remains out.

Trader complacency, fearlessness and euphoria are off-the-charts. Floor traders formed a conga line at the NYSE yesterday singing songs and buying stocks with reckless abandon. The stock market is one big party day after day and everyone, even Aunt Tillie who is typically skeptical of Wall Street, believes higher and higher prices are ahead through the end of the year.

11/3/19; 7:00 PM EST =

11/1/19; 9:36 AM EST = +88; signal line is +77

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. Just as Lucy pulls the football away as Charlie Brown is about to kick it, the bulls snatch away the bears hopes with a positive Jobs Report. Commodities leap higher driving the S&P 500 to new record highs. The SPX prints a new all-time record high at 3063.82 and the day has only started. Bears are running for their lives creating short-covering fuel. The bulls want to party today and through the weekend.

Bears need weaker commodities, copper and retail stocks if they want to create negativity.

Bingo. The S&P 500 motors higher to 3063.96 the highest number ever printed in history.

11/3/19; 7:00 PM EST =

11/1/19; 9:36 AM EST = +88; signal line is +77

11/1/19; 9:00 AM EST = +74; signal line is +76 but algorithm remains long

10/31/19; 7:00 PM EST EOM = +74; signal line is +76 but algorithm remains long

STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains long but is champing at the bit to go short. The algo number is 2 points below the signal line signaling that the bears have gained control of the stock market but the quant's internal parameters are not yet fully latched to permit the move to the short side.

Yesterday, commodities fail into the bear camp creating stock market angst. Note how the SPX fell to the 3026 called out by Keybot ahead of time, and poked down through this critical support for a few minutes, but the bears could not maintain the rupture, and stocks rallied above this low for the remainder of the day.

Bears need the SPX to fall below 3023 for Keybot to likely flip short. The SPX begins Friday morning at 3038 and the important US Monthly Jobs Report hits the tape at 8:30 AM EST before the opening bell.

Bears need weaker copper and retail stocks; CPER under 16.48 and RTH below 114.80, respectively, which will create market mayhem. Since copper is dancing on the bull-bear edge right now, 'as copper goes, so goes the market'.

Bulls must push GTX back above 2428 (now at 2423) as fast as possible to stop stocks from selling off. If commodities remain bearish they will begin infecting other parameters and stocks will drift lower.

For the imminent Jobs Report, the Keybot the Quant algorithm will likely perceive a 3.8% unemployment rate and higher as very bad for the stock market going forward. A rate of 3.7% or lower will not impact markets.

Keybot prints a pre-scheduled number at 9 AM EST. The algo wants to go long but needs the SPX to retreat about 15 points and more before the move to the short side is triggered. S&P futures are up +6 about 3 hours before the opening bell for the US regular trading session; the Jobs Report is 2 hours away.  VIX 12.98 (a 12-handle making for happy bulls).The beat goes on. 

11/3/19; 7:00 PM EST =

11/1/19; 9:00 AM EST = 

10/31/19; 7:00 PM EST EOM = +74; signal line is +76 but algorithm remains long

10/31/19; 9:48 AM EST = +74; signal line is +75 but algorithm remains long

10/29/19; 10:00 AM EST = +88; signal line is +74