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

Keybot the Quant remains short as the stock market rides the up and down roller coaster. The four parameters impacting stock market direction are VIX 23.87, CPER 28.27, NYA 16693 and SPX 4462. Bears need higher volatility and weaker copper to keep the negativity going. Bulls need stronger NYA and SPX indexes to prove that they can flip the quant long.

The algo number is only 4 points below the signal line so the market is a coin-flip right now. Bears need VIX above 23.87 but it is trading with a 21 handle right now. Bears need CPER below 28.27 which reflects a -1.2% drop in copper futures but they are trading up +0.2% currently.

Bulls need NYA above 16693 and SPX above 4462 and both goals are only a few points away. These two are critical cyclical stock market indicators and tell you the path ahead for stocks for weeks and months to come. Prices have been back-checking these important numbers the last few days so it is time to make a decision. The ramifications to the market are huge.

If the bulls cannot push prices above the NYA 16693 and SPX 4462, there will be Hell to pay going forward since the back tests would be successful (for bears). If the bulls push prices above these numbers, there are blue skies and rainbows ahead for next week.

The Easter weekend is here and stocks are usually bullish in front of a 3-day holiday weekend and also bullish through the full moon that will peak on Saturday for the month. Thus, the background currents favor bulls but there are other flies in the ointment. Banks are reporting earnings this morning and that will drive sentiment and dictate today's outcome.

If the bulls push either NYA above 16693 or SPX above 4462, into the bull camp, either one would do (and the SPX is above 4454 if the NYA flips bullish), Keybot the Quant will likely flip long. The banks are going to tell the tale today.

Bears got nothing unless the VIX runs above 23.87. Keybot prints a pre-scheduled number shortly after the opening bell. Happy Easter.

4/17/22; 7:00 PM EST =
4/14/22; 10:00 AM EST =
4/13/22; 9:41 AM EST = +27; signal line is +31
4/13/22; 8:36 AM EST = +13; signal line is +33
4/13/22; 3:06 AM EST = +27; signal line is +34
4/12/22; 2:21 PM EST = +13; signal line is +33
4/12/22; 9:37 AM EST = +27; signal line is +35
4/12/22; 8:37 AM EST = +11; signal line is +38
4/11/22; 3:48 PM EST = -3; signal line is +40