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

Keybot the Quant remains long through the ongoing choppy slop. Chop suey chops up bulls and bears alike. The SPX is at 4204 about 128 points below where the quant entered at 4332. This is extremely odd behavior not exhibited by Keybot before. The quant has not printed any numbers except for the pre-scheduled numbers for the month of March. "What's up wit dat?" as they say in the Bronx.

On closer inspection it is easy to see why. The stock market is extremely polarized. Parameters such as the banks, retail stocks and semiconductors, to name a few, are beat-up and lying in the alleyway behind the dumpster. Typically, all the sectors would be lower in unison even if some may only be flat or marginally lower. Not now. The inflation sends copper and commodities to the moon. Wheat prices leap higher leaving dirtbag Dictator Xi wondering if he can feed 1.4 billion mouths.

Also, investors are hiding in the perceived safety of utilities following a playbook from 2 decades ago. The economic cycle stuff should be chucked in the trash. The four central bank horseman of the financial apocalypse, the BOJ (Japan), ECB (Europe), PBOC (China) and Federal Reserve (USA), have destroyed the economic cycles with their interventions over the last decade. Now the fun begins. The idiots buying utes do not realize they are only covering themselves with a gauze loin cloth. The 12 years of obscene money printing by the Fed has pumped all asset classes into the stratosphere.

Parameters across the board have chosen the bull or bear camp and remain deeply entrenched in their respective camps. Hence, Keybot the Quant idles along, putt, putt, putt, dit, dit, dit, and only spits out the pre-scheduled numbers.

However, there is one parameter that is the star of the show and will dictate what happens in the week ahead. Dr Copper. The red metal is in the bull camp and the main reason the quant has not flipped short as yet despite the soggy market action last week. The bull/bear line in the sand for CPER is 27.66. Nothing Else Matters, as Metallica sings. CPER begins the new week of trading at 28.00.

Thus, the bulls are happy despite the price action in stocks, since they have copper in their camp. The bears need a -1.2% drop in CPER which will be a knife through the heart of the market with a collapse in stocks occurring. The -1.2% applies to the copper futures as well so the trading overnight will tell you how things will be going in the States on Monday.

If copper futures are negative but down -1% or less, this is no biggie, and stocks may flat line or even become buoyant moving higher. If copper futures are positive, stocks will likely rally big on Monday.

On the bear side, if copper futures drop more than -1.2%, there will be Hell to pay. The bulls are whipping the copper miner's telling the bastards to work harder to save the stock market for the elite class as the peons breathe the asbestos like the Blue Sky Mine.

If copper turns bearish (CPER 27.66) and the SPX loses 4200, Keybot the Quant will likely flip short, hence the imminent turn notation is in the title line. It's all about copper.

3/20/22; 7:00 PM EST =
3/17/22; 9:00 AM EST =
3/13/22; 7:00 PM EST = -2; signal line is -12
3/11/22; 10:00 AM EST = -2; signal line is -13
3/6/22; 7:00 PM EST = -2; signal line is -13
3/4/22; 9:00 AM EST = -2; signal line is -13
2/28/22; 7:00 PM EST EOM = -2; signal line is -15