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

Keybot the Quant remains long in the choppy erratic markets. Tomorrow is decision time with the algo number 2 points below the signal line wanting the quant to flip short. The internal parameters will not yet latch 100% to allow the move. It can be like herding kittens. There is likely some drama on tap for tomorrow as markets decide to bounce, or die. The imminent turn to the downside is in play.

The quant is champing at the bit to go short and if the SPX slips below 4107 trending lower, Keybot the Quant will likely flip short. The SPX will begin the Thursday session at 4116 so bears need at least -9 points in the S&P futures overnight.

Bears need weaker copper and/or higher volatility which will guarantee weaker stocks going forward. Copper is sitting smack-dab on top of its bull/bear line in the sand so it will provide a heads-up overnight. As copper goes, so goes the US stock market on Thursday. The bulls must keep CPER above 26.82 (now at 26.83) to maintain hopes for the relief rally to continue. There will likely be Hell to pay if copper trades negative.

Bulls need higher chips and banks. Bulls need SOX above 3075 (now at 3019) and XLF above 35.40 (now at 34.62). These goals may take a little time but the bulls do not have time. Bulls need to come to the opening bell loaded for bear pushing semiconductors and banks strongly higher out of the gate if they want to extend the rally. Check these sectors trading in the pre-market.

Boiling it down to something simple, stock market direction is currently a game of copper versus chips. Bears need lower copper, any negativity will create bear action and likely flip Keybot the Quant short, while bulls need to keep copper green and push chips higher as fast as possible.

Watching copper and chips is more important than watching the SPX since these 2 parameters are going to tell the S&P 500 what to do tomorrow.

6/12/22; 7:00 PM EST =
6/10/22; 10:00 AM EST =
6/8/22; 10:16 AM EST = +11; signal line is +13 but algorithm remains long
6/8/22; 10:00 AM EST = +27; signal line is +13
6/8/22; 9:36 AM EST = -5; signal line is +12 but algorithm remains long
6/7/22; 3:12 PM EST = +27; signal line is +13
6/7/22; 2:49 PM EST = +11; signal line is +13 but algorithm remains long
6/7/22; 2:15 PM EST = +27; signal line is +13
6/7/22; 12:10 PM EST = +11; signal line is +13 but algorithm remains long
6/7/22; 9:36 AM EST = -5; signal line is +12 but algorithm remains long
6/6/22; 2:21 PM EST = +11; signal line is +12 but algorithm remains long
6/6/22; 2:01 PM EST = +27; signal line is +11
6/6/22; 12:08 PM EST = +11; signal line is +10
6/6/22; 10:38 AM EST = +27; signal line is +10
6/6/22; 10:23 AM EST = +43; signal line is +9
6/6/22; 9:36 AM EST = +27; signal line is +7
6/5/22; 7:00 PM EST = +11; signal line is +6
6/3/22; 1:23 PM EST = +11; signal line is +5