Keybot the Quant remains long with stocks flying to the moon. Equities are riding the roller coaster higher as Freddy sings Palisades Park. That's where the girls are. I gave that girl a hug, in the tunnel of love. Stocks catapult to the stratosphere as King Donnie announces a relaxation in China's tariffs. Go figure. Today, copper and commodities join the bull party sending equities to the Pleiades. Can't Stop.
The bulls are in obvious control annihilating the bears this week on the tariff happy talk. There is only bear carnage remaining. The algo number is 60 points above the signal line. The bulls are cruising along with their feet up on the dash.
What next? Since copper and commodities are the latest to flip long, they remain important going forward so watch the CPER 29.30 and GTX 3658 bull/bear lines in the sand.
Bears will need more negativity than copper and commodities even if they turn bearish. The most interesting market metric at play today, that no one else is watching since they do not know what to watch, is the utilities. UTIL 999.54 and 1004.95 are two important bull/bear lines in the sand this week. Price has fallen to 1007 and teased the 1005 failure today.
The utes recovering in recent weeks took the dire scenario off the table for the US stock market but if utes roll over again, that hints at another major bout of trouble ahead for equities. Watch UTIL closely this week.
The bulls are partying but the bears are sneaking around in the background setting up copper, commodities and utilities to launch a possible surprise attack. The bears probably need to run the table with CPER 29.30, GTX 3658, UTIL 1004.95 and UTIL 99.54 to likely flip Keybot the Quant to the short side. It is 4 dominoes that need to fall into place for the bears.
The algo only sees 1's and 0's so time will tell. For now, the bulls are drunk as skunks, drinking the bull frog's wine, singing songs of joy. Joy to the World.
5/18/25;
7:00 PM EST =
5/16/25;
10:00 AM EST =
5/16/25;
9:00 AM EST =
5/13/25;
11:23 AM EST = +55; signal line
is -5
5/13/25; 10:13 AM EST = +41; signal line is -8
5/12/25;
10:39 AM EST = +25; signal line
is -9
5/12/25;
10:11 AM EST = +39; signal line
is -10
5/12/25;
10:02 AM EST = +25; signal line
is -12
5/12/25;
9:36 AM EST = +39; signal line
is -13
5/12/25;
3:06 AM EST = -3; signal line is
-16
5/11/25;
7:00 PM EST = -17; signal line
is -18
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