STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant flips to the short side at SPX 2976 during Federal Reserve Chairman Powell's press conference that creates market mayhem. Interestingly, commodities are trying to create bullishness, despite a strong dollar. Copper remains in the bear camp. Retail stocks collapse into the bear camp creating yesterday afternoon's turmoil but then recover into the closing bell. Volatility pops so stocks drop. Markets remain unstable and erratic.

The caution flag is out but the bears are in control with the algo number 5 points below the signal line. Bulls need lower volatility, VIX below 14.46, and/or stronger copper, CPER above 16.92.

Bears need to keep copper weak and volatility elevated. In addition, bears need weaker retail stocks, RTH under 109.92, and/or weaker commodities, GTX under 2490.20. If either RTH or GTX turn bearish, stocks will weaken and weaken severely if both turn bearish.

RTH begins the day at 110.09 only 17 pennies in the bull camp so watch this closely. If RTH fails into the bear camp, stocks will continue lower. GTX is at 2492.08 another game of inches less than 2 bucks in the bull camp. Equities will fall apart if GTX loses 2490.20.

S&P futures are +5 a couple hours before the opening bell for the Thursday trading session in the States. The SPX begins the session at 2980.

On the last one-week trade, the algo program loses a percent and the actual trading loses a couple percent. The SPX benchmark index is up +18.7% this year and the actual trading generated by Keybot is up 27.4%. Keybot exits QQQ and enters SDS. Stay alert for a potential whipsaw. As mentioned, retail stocks, commodities and volatility will tell the market direction story today.

8/4/19; 7:00 PM EST =
8/2/19; 10:00 AM EST =

8/2/19; 9:00 AM EST =

7/31/19; 7:00 PM EST EOM = +58; signal line is +63
7/31/19; 3:32 PM EST = +58; signal line is +64

7/31/19; 3:06 PM EST = +44; signal line is +64

7/31/19; 2:55 PM EST = +28; signal line is +65

7/31/19; 2:51 PM EST = +44; signal line is +67; go short 2976; (Benchmark SPX for 2019 = +18.7%)(Keybot algorithm program this trade = -1.1%; Keybot algo for 2019 = +14.8%)(Actual results this trade = -2.0%; Actual trading results for 2019 = +27.4%)

7/31/19; 2:37 PM EST = +72; signal line is +67

7/31/19; 2:06 PM EST = +58; signal line is +67 but algorithm remains long

7/31/19; 9:36 AM EST = +72; signal line is +68

7/30/19; 10:00 AM EST = +58; signal line is +67 but algorithm remains long

7/30/19; 9:36 AM EST = +58; signal line is +68 but algorithm remains long

7/29/19; 10:34 AM EST = +74; signal line is +69

7/29/19; 10:07 AM EST = +58; signal line is +70 but algorithm remains long

7/29/19; 9:40 AM EST = +74; signal line is +71

7/28/19; 7:00 PM EST = +58; signal line is +71 but algorithm remains long

7/25/19; 12:33 PM EST = +58; signal line is +72 but algorithm remains long

7/24/19; 11:06 AM EST = +74; signal line is +74 but algorithm remains long

7/24/19; 10:36 AM EST = +88; signal line is +75; go long 3009; (Benchmark SPX for 2019 = +20.0%)(Keybot algorithm program this trade = -0.3%; Keybot algo for 2019 = +15.9%)(Actual results this trade = -1.0%; Actual trading results for 2019 = +29.4%)