Monday, July 6, 2026

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long although the bears tried to flip stocks to their side today. Utilities and copper were/are key. To start the day, utes were in the bull camp creating positivity in stocks but copper was in the bear camp creating negativity. Today, it was the ole switcheroo. Utes failed so stocks started to run out of gas, stumble sideways, and then roll over after lunch time. The bulls then shot morphine into Doctor Copper's dupa and he recovered running higher taking stocks higher.

The same drama is in store for tomorrow. The bull/bear lines in the sand are UTIL 1151.70, UTIL 1120, and CPER 37.77.

Copper is bullish but only by a few pennies with price sitting at 37.84. If the red metal falls back below 37.77, stocks will sell off. UTIL price is at 1148 so the bears are happy below 1152. Bears must send UTIL below 1120 that will begin big trouble with stocks.

Bulls need to keep copper bullish and win back utilities. Bulls need UTIL back above 1152 and it will be smooth sailing ahead for more upside.

If CPER loses 37.77, and the SPX drops below 75 hundo, Keybot the Quant will likely flip short so pay attention. Copper and utilities are running the show. The slaves work in the mines to pull out the copper and minerals to build technology for the privileged class. Blue Sky Mine. Hey, hey, hey, hey, if I work all day on the Blue Sky Mine, there'll be food on the table tonight, nothing's as precious as a hole in the ground.

7/12/26; 7:00 PM EST =
7/6/26; 2:15 PM EST = +50; signal line is +36
7/6/26; 10:21 AM EST = +34; signal line is +36 but algorithm remains long
7/5/26; 7:00 PM EST = +50; signal line is +36

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.