STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. The quant was champing at the bit to go short but the bulls stop the assault and are in the good again by one point. Markets are a coin-flip these days.

The bulls pumped copper to save the day last week. Doctor Copper is sitting in a wheelchair today, by the window, so he can enjoy the beautiful Fall foliage of the Laurel Highlands in southwestern Pennsylvania. He is in the bull camp but he has a terrible cough. Oh, no, hack, cough, wheeze, get him back into bed. Stat! Punch a vein for a saline drip. Stat! Dr Copper is touch and go these days. He is resting again, clutching the bull pillow.

Chips also helped the bull case last week while volatility and commodities remain in the bear camp.

Bulls need either VIX below 16.35 or GTX above 3576 to signal big stock market gains ahead and the path to fulfill the SPX 6K levels and higher by year-end.

Bears need CPER below 27.36 or SOX below 5136 to signal big trouble ahead for US stocks. It is extremely odd that the VIX is moving higher with stocks making all-time highs. The SPX printed an all-time high at 5878 last Thursday, 10/17/24. This tells you there is a problem under the surface. Chips are also pumped when the bulls need to stick-save the SPX as it rolls over.

If either CPER or SOX turn bearish, and the SPX loses 19 or 20 points, Keybot the Quant will likely flip short. Copper futures need to drop -0.8% for the bears to start ripping bull flesh. The SOX needs to drop about -1.4% to create stock market negativity. Commodities (GTX) need to rise about +1.7% to create a bullish orgy.

Choose your poison. Focus on the red metal. If copper futures fall -0.8% overnight, and the SPX gives up 20 points on Monday, it is likely the start of something painful ahead for stocks. Keybot the Quant prints one pre-scheduled number this week on Friday morning. The caution flag is out but if copper or the chips turn sour, consider the imminent turn to the short side to be in play. You bess be careful if headin' down Copperhead Road.

10/27/24; 7:00 PM EST =
10/25/24; 10:00 AM EST =
10/20/24; 7:00 PM EST = +32; signal line is +31
10/18/24; 9:36 AM EST = +32; signal line is +32 but algorithm remains long
10/18/24; 9:00 AM EST = +16; signal line is +32 but algorithm remains long
10/17/24; 11:18 AM EST = +16; signal line is +33 but algorithm remains long
10/17/24; 9:57 AM EST = +32; signal line is +33 but algorithm remains long
10/17/24; 9:36 AM EST = +16; signal line is +34 but algorithm remains long
10/16/24; 12:45 PM EST = +32; signal line is +35 but algorithm remains long
10/16/24; 11:12 AM EST = +16; signal line is +35 but algorithm remains long
10/16/24; 9:36 AM EST = +32; signal line is +37 but algorithm remains long
10/15/24; 3:54 PM EST = +16; signal line is +37 but algorithm remains long
10/15/24; 3:37 PM EST = +0; signal line is +39 but algorithm remains long
10/15/24; 9:41 AM EST = +16; signal line is +40 but algorithm remains long
10/15/24; 9:36 AM EST = +32; signal line is +41 but algorithm remains long
10/13/24; 7:00 PM EST = +46; signal line is +42
10/11/24; 10:00 AM EST = +46; signal line is +41
10/8/24; 3:38 PM EST = +46; signal line is +40; go long 5755; (Benchmark SPX for 2024 = +20.7%)(Keybot algo this trade = -0.8%; Keybot algo for 2024 = +5.9%)(Actual results this trade = +2.4%; Actual results for 2024 = +10.0%)