STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains on the long side but is champing at the bit to go short. The algo flipped to the long side on Friday morning and remains there but the algo number is now 2 points below the signal line wanting to flip back to the short side. Utilities, copper and volatility are controlling broad stock market direction currently. Note that Keybot is printing +100 numbers, the maximum possible reading indicating that the stock market bullishness is off the charts.

Bulls need UTIL above 725.27, now at 723.59, to prove there is more upside juice ahead for the stock market. The bears need to push the SPX under 2529 and Keybot will likely flip short. The downside move in stocks will be confirmed if either JJC moves under 33.39, now at 33.58, and/or VIX moves above 10.76, now at 9.51.

So bulls need higher utilities and must prevent the SPX from dropping under 2529. The bears need to send the SPX under 2529 to flip the model short then push copper lower and volatility higher to prove that down is the direction ahead.

On the last trade, both the algo model and actual trading lose -0.7%. The benchmark S&P 500 is up +12.2% this year that is impressive and surprising. The algo program is up about +2% this year and actual trading up about +3%. Keybot exits SH and enters SPY. A 35-day timer expires tomorrow so Keybot will likely flip back to using 2x ETF's when the model flips short.

10/8/17; 7:00 PM EST =
10/6/17; 9:00 AM EST =

10/3/17; 9:36 AM EST = +84; signal line is +86 but algorithm remains long

10/2/17; 3:59 PM EST = +100; signal line is +85

10/2/17; 3:49 PM EST = +84; signal line is +85 but algorithm remains long

10/2/17; 10:20 AM EST = +100; signal line is +84

10/2/17; 10:06 AM EST = +84; signal line is +83

10/2/17; 9:48 AM EST = +100; signal line is +82

10/1/17; 7:00 PM EST EOM EOQ3 = +84; signal line is +82

9/29/17; 10:00 AM EST = +84; signal line is +82

9/29/17; 9:33 AM EST = +84; signal line is +82; go long 2511; (Benchmark SPX for 2017 = +12.2%)(Keybot algo this trade = -0.7%; Keybot algo for 2017 = +1.8%)(Actual results this trade = -0.7%; Actual results for 2017 = +3.2%)

9/28/17; 10:28 AM EST = +84; signal line is +82 but algorithm remains short

9/28/17; 9:53 AM EST = +68; signal line is +82

9/28/17; 9:46 AM EST = +84; signal line is +82 but algorithm remains short

9/26/17; 10:00 AM EST = +68; signal line is +82

9/25/17; 12:42 PM EST = +68; signal line is +82

9/25/17; 12:06 PM EST = +54; signal line is +81

9/25/17; 10:54 AM EST = +68; signal line is +82; go short 2494; (Benchmark SPX for 2017 = +11.4%)(Keybot algo this trade = +0.4%; Keybot algo for 2017 = +2.5%)(Actual results this trade = +2.7%; Actual results for 2017 = +3.9%)