Keybot the Quant remains long with the algo number 21 points above the signal line. However, copper and commodities are in the bear camp. CPER lands exactly on the 29.27 bull/bear line in the sand and copper futures are weak overnight so copper should stay with the bears.
Utilities are goosed higher yesterday to prevent the quant from setting up for the bears. Traders are buying the dips in utes consistently the last few months because the so-called coming AI boom will need lots of electrical power. The wealthy elite ruling class did not give a rat's arse about bringing power to poor and hungry people but AI technology is a different story. The common folks, such as miners working in the Blue Sky Mine, always get screwed for the sake of corporate greed and profits. It is what humans do.
Thus, the bulls are keeping equities elevated by pumping the utes. Bears need weaker utilities and higher volatility if they want to win the day. For now, the bulls are owning the joint walking around with their chests puffed-out. The 2 pre-scheduled numbers print this morning.
5/18/25;
7:00 PM EST =
5/16/25;
10:00 AM EST =
5/16/25;
9:00 AM EST =
5/15/25;
3:28 PM EST = +25; signal line
is +4
5/15/25;
1:24 PM EST = +41; signal line
is +3
5/15/25;
9:36 AM EST = +25; signal line
is +0
5/14/25;
3:59 PM EST = +23; signal line
is -2
5/14/25;
2:39 PM EST = +9; signal line is
-3
5/14/25;
2:09 PM EST = +23; signal line is
-3
5/14/25;
9:36 AM EST = +7; signal line is
-5
5/13/25;
11:23 AM EST = +55; signal line
is -5
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