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

Keybot the Quant remains long as the choppy slop continues. The algo number and signal line are the same number so the direction of the US stock market is a coin-flip. The algo wants to flip short but the internal parameters will not fully latch to permit the move, so the quant remains long.

The battle will likely be decided by retail stocks, copper and commodities. If copper is higher, and the other commodities, oil, grains, etc..., are higher, and if stocks such as AMZN, HD, WMT and TGT are higher in the pre-market, the bulls will win the game.

Bears need RTH below 164.97 and CPER below 24.20 to create sustainable market negativity. Watch copper futures overnight because a -0.9% drop will spell serious trouble for stocks. Any less of a drop in copper futures or if they are positive will point to a happy day for bulls. The retail stocks in the pre-market will also provide hints on which direction RTH will go. You can also watch XRT.

If RTH or CPER turn bearish, either one will do, and if the SPX falls below 4061 trending lower, Keybot the Quant will likely flip short.

Bulls need to keep copper and retail stocks on the positive side on Monday while at the same time pulling GTX above 3478. Stocks will run strongly higher if GTX moves above 3478.

Commodities, copper and retail stocks are running the show to begin the new week of trading. If none of the three parameters flinch (GTX remains bearish and RTH and CPER remain bullish), the stock market chop suey will continue. One of them will flinch.

Keybot prints one pre-scheduled number this week on Thursday morning.

2/19/23; 7:00 PM EST =
2/16/23; 9:00 AM EST =
2/12/23; 7:00 PM EST = +45; signal line is +45 but algorithm remains long
2/10/23; 3:43 PM EST = +45; signal line is +45 but algorithm remains long
2/10/23; 3:16 PM EST = +29; signal line is +45 but algorithm remains long
2/10/23; 10:00 AM EST = +45; signal line is +45 but algorithm remains long
2/10/23; 9:52 AM EST = +45; signal line is +44
2/10/23; 9:36 AM EST = +29; signal line is +42 but algorithm remains long
2/5/23; 7:00 PM EST = +45; signal line is +42