Keybot the Quant remains long with the new week of trading ahead. The regular Sunday number prints and the robot is tracking banks, copper and volatility as the three key metrics controlling stock market direction currently. All 3 are bullish creating the ongoing buoyancy in equities.
The bull/bear lines in the sand are XLF 49.91, CPER 29.54 and VIX 22.48. Since the financials failed on Friday, but recovered, they are the major focus of the quant currently. As banks go, so goes the stock market. Check XLF in the pre-market Monday morning and you will know how the day will go.
Copper and VIX futures trade overnight so they will provide a heads-up on how the stock market will move. The bears need copper futures to be down -0.8% or more overnight to spell trouble ahead for stocks. Also, the bears need the VIX to pop above, and track higher, from 22.48, otherwise they got buptkis. Even if stocks sell off, but the VIX does not go above 22.48, the selloff is phony baloney and stocks will recover. Bears win big if VIX moves above 22.48.
If any 1 of the 3 metrics turn bearish, consider the imminent turn to the short side to be in play for the robot and if the SPX is below 5963 and tracking lower, Keybot the Quant will likely flip short.
Keybot the Quant does not print any pre-scheduled numbers this week.
The FOMC meeting is Tuesday and Wednesday with Pope Powell bringing the tablets down from On High on hump day that will tell traders how to trade. Stocks are buoyant and bullish about 80% of the time going into a Fed meeting so early week will be interesting. Israel is now bombing Iran's oil refineries and storage facilities so oil futures should continue tracking higher. There were no oil installations hit on the first bombing when stocks were trading on Friday. Also, Israel says the war will continue for weeks not days.
6/22/25;
7:00 PM EST =
6/15/25;
7:00 PM EST = +60; signal line
is +46
6/13/25;
3:09 PM EST = +60; signal line
is +45
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