STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long as Russia's war on Ukraine continues. In addition, President Biden provides the State of the Onion this evening at 9 PM EST.  S&P futures are down about -22 points 3-1/2 hours before the opening bell in the States.

The bears smacked copper yesterday creating the sogginess in the stock market but the bulls jammed the red metal higher and copper futures are higher overnight saving the day. February ends and March begins with 2022 flying along.

Each day the SPX remains below 4393-4394 is another nail in the bull's coffin. Bulls will throw confetti if the SPX moves above 4394. Bulls also need stronger chips and banks, SOX above 3515 and XLF above 39.30, respectively. If stocks rally, these parameters dictate the strength of any rally.

The bears need weaker copper, CPER below 27.16, but the futures are up +1.5%. Bears need weaker utilities but UTIL leaps to 943. Bears need UTIL under 915 to create trouble. The bulls are pumping utes because in a couple weeks UTIL must be above the 935 level or there will be market trouble. If UTIL collapses lower, and loses 915, and loses 9 hundo, it is likely the US stock market will go into a major crash profile.

Watch to see if copper flips negative today, if so, that likely tells you the stock market is in trouble. If CPER loses 27.16, and the SPX loses 4315, Keybot the Quant will likely flip short.

For now, the caution flag is out but if you see weaker copper and/or utilities, consider the imminent turn to the short side to be in play.

SPX 4393-4394 dictates whether Americans will have a happy year or two ahead, or, if it will be a sustained period of pain and misery. Whatever happens, face it head-on, don't be a "Big Baby" as Wanda Jackson sings.

3/6/22; 7:00 PM EST =
3/4/22; 9:00 AM EST =
2/28/22; 7:00 PM EST EOM = -2; signal line is -15
2/28/22; 1:28 PM EST = -2; signal line is -15
2/28/22; 12:28 PM EST = -18; signal line is -15 but algorithm remains long
2/27/22; 7:00 PM EST = -2; signal line is -14
2/25/22; 10:45 AM EST = -2; signal line is -14; go long 4332; (Benchmark SPX for 2022 = -9.1%)(Keybot algo this trade = +2.0%; Keybot algo for 2022 = +1.2%)(Actual results this trade = +3.7%; Actual results for 2022 = +4.6%)