Keybot the Quant Turns Bearish

Keystone's proprietary trading robot, Keybot the Quant, flips short at SPX 3113 this morning. Bears need weaker commodities and copper, and higher volatiity, to prove that down is the direction ahead. As always, stay alert for a potential whipsaw. More information is found at Keybot's site;

Keybot the Quant

Note Added 1:23 PM EST: The stock market is falling apart on news that the US-China trade deal hits a snag. The SPX is down 26 points, -0.8%, to 3094. The Dow collapses 240 points, -0.9%, to 27694. COMPQ -1.0%. NDX -1.2%. RUT -0.8%. The VIX is 13.97 and was above 14 minutes ago. Copper -0.4%.

Note Added 3:38 PM EST:  There is about 20 minutes remaining in the trading day with the SPX down 17 points, -0.5%, to 3103. LOD 3091. 20-day MA 3075. The Dow loses 148 points, -0.5%, to 27786. VIX 13.17. Copper -0.4%.

Note Added Thursday Morning, 11/21/19, at 5:15 AM EST: The SPX finishes hump day down 12 points, -0.4%, to 3108. The Dow loses 112 points, -0.4%, to 27821. The bulls fight back during the day yesterday since copper and commodities are holding in the bull camp as well as volatility. The Sondland testimony is damaging to President Trump but markets do not care. The Rorschach impeachment test continues with the democrats and republicans seeing things along party lines. Markets did react negatively to the news that the trade deal hits a snag. Overnight, however, the communist head negotiator Liu says he is "cautiously optimistic" so that brought S&P futures back from about -14 to -8 overnight. Copper -0.9%. As this message is typed, China's Liu now invites the US negotiating team to China for more talks. The bulls celebrate the trade deal hype like Pavlov's dog celebrates a biscuit and begin tripping over each other buying the long side. S&P futures are up +3. Dow futures +25. Nazzy +6. Russell +3. VIX 13.03.  Teflon Don has appeared to weather the Sondland and impeachment storm, for now. Most Americans are likely resigned to the fact that all the politicians are corrupt. Copper -0.8%. Interesting. Copper does not yet recover like the futures do on the happy trade deal talk.