Keybot the Quant is on the short side to begin the new week and month of trading. The Halloween candy is already going stale as November begins. The bears are in charge with the algo number only a measly 3 points below the signal line. The stock market remains a crap-shoot.
Utilities, copper and volatility are creating negativity for stocks while banks create upside joy. The lines in the sand to begin the week, pulling them off the quant, are UTIL 1112.80, CPER 39.53, VIX 16.33, and XLF 55.70.
The bears will cruise along and take stocks lower if utes, copper and vol remain bearish. Another leg lower in the stock market will occur if XLF loses 55.70 and this will likely send stocks into the abyss. This equates to about a -1.4% loss in the banks so check the XLF and individual bank tickers in the premarket tomorrow morning.
The bulls need UTIL above 1112.80, CPER above 39.53, and/or VIX below 16.33. Any one of the three turning bullish will immediately stop any additional downside for the stock market. For utilities, price begins at 1111.50 only slightly in the bear camp so it would not take much for the utes to turn positive. The failure in the utes weeks ago were a warning that stocks would fall substantively, and they did, but the interesting fact is the indexes remained buoyant because of the handful of AI stocks that are in the stratosphere.
Utilities are a must-watch this week. The 1112.80-ish level is key for the whole week and into the next give or take a few pennies either way as the days roll along. Also, for this week, UTIL 1173 is key but price would have a long way to go to achieve this goal. However, for the week of 11/9/26, the 1173 becomes meaningless replaced with 1122. Thus, the plot thickens. If utes rally this week, that will help prevent any further downside in stocks. If UTIL, or DJU, ends the week above 1122 on Friday, that tells you the bulls are strengthening and will start off strong with stocks moving higher on 11/9/26. If UTIL cannot achieve the 1112.80 this week and instead goes sub 1K again and stumbles lower, that will be an extremely bad omen for the stock market going forward.
Bulls need CPER above 39.53 that is about a +1.4% gain in the red metal so watch copper futures overnight to see if the bulls got game, or not. Bulls need the VIX below 16.33 to sound the all-clear and open the door to big upside gains for equities going forward. Each day the VIX is above 16.33 is another nail in the bull coffin that will lead to worse outcomes for stocks.
Focus on utilities and copper since they are running the show. If they remain negative and continue softening, the bulls will experience more pain. Keybot the Quant prints two prescheduled numbers this week both on Friday morning one before the opening bell and one after. Sunday morning she woke up fighting mad, hit the road girl, life's better without you. When It Rains It Pours by Luke Combs. They always come around when they know you got money.
11/8/26;
7:00 PM EST =
11/6/26;
10:00 AM EST =
11/6/26;
9:00 AM EST =
11/1/26;
7:00 PM EST EOM = -10; signal line is -7
10/30/26;
3:38 PM EST = -10; signal line is -8
