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

Keybot the Quant remains long. The robot was quiet last week only printing a pre-scheduled number on 8/16/22.  Yesterday, stocks were soggy but could not gain downside traction because copper and commodities were buoyant due to the dip in the US dollar.

The algo number is only 14 points above the signal line and is nothing that the bulls can hang their hats on. Stocks are getting dicey into Fed Chairman Powell's Jackson Holle remarks on Friday morning.

The quant is focused on 5 parameters; copper, commodities, banks, chips and volatility. These are the drivers of the US stock market direction currently. Copper futures are down -0.8% this hump day morning so that is a win in the bear column.

Bears need GTX below 3739 (now at 3768). If the commodities weaken, and the SPX drops below 4124 trending lower, Keybot the Quant will likely flip short. Stocks will also deteriorate if XLF loses 33.83 or if VIX pops above 25.77.

Bulls need CPER above 22.31 and SOX above 2904 to prove they can take stocks higher.

The 5 parameters above tell you the direction of the stock market going forward. Focus on copper, commodities and chips.

8/28/22; 7:00 PM EST =
8/26/22; 10:00 AM EST =
8/23/22; 10:47 AM EST = +23; signal line is +9
8/23/22; 10:03 AM EST = +39; signal line is +8
8/23/22; 9:36 AM EST = +23; signal line is +6
8/22/22; 9:36 AM EST = +9; signal line is +5
8/21/22; 7:00 PM EST = +25; signal line is +5
8/16/22; 9:00 AM EST = +25; signal line is +4
8/14/22; 7:00 PM EST = +25; signal line is +3
8/12/22; 10:00 AM EST = +25; signal line is +2
8/11/22; 1:35 PM EST = +25; signal line is +1
8/11/22; 12:38 PM EST = +41; signal line is 0
8/10/22; 9:36 AM EST = +25; signal line is -1
8/9/22; 11:06 AM EST = +9; signal line is -2
8/8/22; 9:36 AM EST = +25; signal line is -4
8/7/22; 7:00 PM EST = +9; signal line is -5