STOCK MARKET BEARISH -- SHORT -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains short but is champing at the bit to go long with the algo number 4 points above the signal line. The internal parameters would not fully latch on Friday so the quant remains short to begin the new week of trading. S&P futures are in the tank down -61 because of King Donnie's Trade and Tariff War and his badgering of Fed Chairman Powell trying to force him to cut rates. Stocks will crash bigtime if Trump tries to fire Powell; it would be a major crisis. The dollar drops as foreign investors lose confidence in the orange head. S&P futures were down -13 last evening, only about 8 or 9 hours ago, and then news hits that China will continue retaliating against the Trump tariffs, followed by King Donnie's further besmirching of Powell on social media so that takes about 50 points off the futures.

Dr Copper is running the show currently along with commodities and banks. Copper is creating the remaining buoyancy in the stock market along with utilities. Copper futures are up right now going against the negativity in the S&P futures. Bears need CPER below 29.13, starting at 29.47, but it will likely bump higher after the opening bell. The downside in futures and stocks may be short-lived this morning with copper remaining bullish. However, if CPER loses 29.13, there will be Hell to pay.

Bulls need the SPX above 5256 trending higher to flip long, hence the imminent turn notation is in the title line. The futures say that stocks will drop instead of pop so the bulls will be left at the altar in the early going.

Bulls need GTX above 3685 and XLF above 48.07 to create strong upside in stocks.

The quant wants to flip long but only if the SPX moves above 5256 today. If that occurs, and then the bulls bring GTX and/or XLF into their camp, stocks will be in a joyous relief rally.

Bears must prevent SPX 5256 with all their might today and at the same time send CPER below 29.13. It is an extremely important bull/bear line in the sand. Bulls are using copper to pull themselves out of the darkness but the bears want to drag the red metal lower destroying the bull's hopes. CPER 29.13, SPX 5256 and GTX 3685 tell you all you need to know about the US stock market direction today.

As an aside, watch utilities this week. For the period 4/28/25 through 5/9/25 (the 2 weeks after this week), UTIL (DJU) 1013 will be a pivotal bull/bear line in the sand. Thus, the closing price for UTIL this week on Friday at 4 PM EST will tell the story ahead. If UTIL ends the week above 1013, a relief rally is either underway or about to begin and a crash scenario for the stock market is off the table for a few weeks. If, however, UTIL loses ground this week and ends below 1013, that spells big trouble ahead and places the US stock market back into a crash profile in the near term.

4/27/25; 7:00 PM EST =
4/25/25; 10:00 AM EST =
4/20/25; 7:00 PM EST = -47; signal line is -51 but algorithm remains short
4/18/25; 11:15 AM EST = -47; signal line is -50 but algorithm remains short
4/18/25; 9:36 AM EST = -63; signal line is -48
4/17/25; 11:21 AM EST = -47; signal line is -47 but algorithm remains short
4/17/25; 9:36 AM EST = -63; signal line is -46
4/17/25; 9:00 AM EST = -47; signal line is -44
4/16/25; 10:49 AM EST = -47; signal line is -43
4/16/25; 10:33 AM EST = -63; signal line is -41
4/16/25; 10:26 AM EST = -47; signal line is -40
4/15/25; 9:36 AM EST = -63; signal line is -39
4/14/25; 1:32 PM EST = -47; signal line is -38
4/13/25; 7:00 PM EST = -63; signal line is -37