STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long. The bulls turn on the afterburners pumping utilities and copper higher. UTIL overcomes 963.72 a big deal since it takes the major crash profile for the US stock market off the table. The bulls are in clover with the algo number 48 points above the signal line.

On Easter Monday, when everyone returns after the holiday, stomachs churning from hard-boiled eggs, beer, chocolate, jelly beans and ham, utes and copper will tell the tale. Semiconductors and commodities are also key parameters and they are currently bullish. The banks are the only strong negative force in the stock market right now.

UTIL 963.72 and 967.40 tell the stock market story out of the gate on Monday. UTIL begins at 970.79 so utilities are creating bullishness for the stock market. If UTIL loses 967.40, that signals that the upside rally in stocks will stall. If UTIL then loses 963.72, stocks will slip back into a a major crash profile going forward.

You can watch copper futures into the Monday trade. Bears need a drop of -0.4% in copper futures to begin growling. If copper and the two utes values fail, Keybot would likely flip short. This illustrates how shaky the stock market is right now. Bulls can create more upside in stocks with stronger utes, copper and banks but that is a limited route. Bears can create weakness in stocks with many more parameters available.

SOX below 3023 and GTX below 3375 will also cause stock market weakness. The 'caution' and 'imminent turn' notations are not in the title line but if the utes fail out of the gate on Monday, consider the warning notations to be in play as the robot gets ready to flip short.

A failure in the utes will again place the US stock market into a major crash profile. April is shaping up to be a pivotal month for the stock market for this year. Now it is time for Peter Cottontail, hoppin' down the bunny trail.

4/9/23; 7:00 PM EST =
4/7/23; 9:00 AM EST = +42; signal line is -6
4/6/23; 2:17 PM EST = +42; signal line is -8
4/6/23; 2:05 PM EST = +26; signal line is -11
4/6/23; 12:15 PM EST = +42; signal line is -13
4/6/23; 11:37 AM EST = +26; signal line is -15
4/6/23; 11:07 AM EST = +10; signal line is -17
4/6/23; 9:36 AM EST = +26; signal line is -18
4/4/23; 9:37 AM EST = +10; signal line is -20