STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant flips to the long side at SPX 4425 at munchtime yesterday after a week of drama. Utilities commit to the bear camp but commodities jump into the bull camp. Utilities, copper, commodities and banks are all that matter and the bank earnings begin next week.

The bulls take control but the algo number is only 18 points above the signal line so the caution flag remains out. GTX 3273-3274 is a key bull/bear line in the sand with price jumping higher to 3304. Commodities and copper will dictate stock market direction on Monday.

On the last trade, that ran for 2 weeks, the quant program loses a couple percent and the actual trading loses almost -4%. For the year thus far, with over one-half of the 2023 trading in the rearview mirror, the benchmark S&P 500 is up a big +15%. The Keybot the Quant program and actual trading is flat on the year continuing to weather the wild whipsaw chop suey for the last 7 months. Some investment houses have pulled the plugs on their quants and algorithms since the models cannot handle the whipsaws and choppy slop this year. Keybot exits SDS and enters SSO. Stay alert for a potential whipsaw back to the short side.

If GTX oscillates above and below the 3273-3274 line in the sand a couple/few times on Monday resolving lower, and copper remains weak, that tells you that the model likely wants to flip back to the short side. If copper rallies, that likely hints that stocks want to run higher for a couple days or so. 

7/9/23; 7:00 PM EST =
7/7/23; 1:37 PM EST = +28; signal line is +10
7/7/23; 1:17 PM EST = +44; signal line is +8
7/7/23; 12:30 PM EST = +28; signal line is +7; go long 4425; (Benchmark SPX for 2023 = +15.2%)(Keybot algo this trade = -2.0%; Keybot algo for 2023 = -0.7%)(Actual results this trade = -3.8%; Actual results for 2023 = -1.0%)
7/7/23; 9:52 AM EST = +30; signal line is +5 but algorithm remains short
7/7/23; 9:36 AM EST = +30; signal line is +5 but algorithm remains short
7/7/23; 9:00 AM EST = +30; signal line is +5 but algorithm remains short
7/6/23; 11:57 AM EST = +18; signal line is +5 but algorithm remains short
7/6/23; 9:41 AM EST = +2; signal line is +6
7/5/23; 2:18 PM EST = +32; signal line is +8 but algorithm remains short
7/5/23; 1:42 PM EST = +32; signal line is +8 but algorithm remains short
7/3/23; 12:56 PM EST = +18; signal line is +8 but algorithm remains short
7/3/23; 12:44 PM EST = +2; signal line is +9
7/3/23; 12:13 PM EST = +18; signal line is +11 but algorithm remains short
7/3/23; 11:52 AM EST = +2; signal line is +11
7/3/23; 11:41 AM EST = +18; signal line is +12 but algorithm remains short
7/3/23; 11:23 AM EST = +2; signal line is +12
7/3/23; 10:38 AM EST = +18; signal line is +13 but algorithm remains short
7/2/23; 7:00 PM EST EOM EOQ2 EOH1 = +2; signal line is +13
6/30/23; 10:00 AM EST = +2; signal line is +14
6/28/23; 3:36 PM EST = +2; signal line is +14
6/28/23; 12:57 PM EST = -14; signal line is +14
6/28/23; 11:33 AM EST = +2; signal line is +15
6/28/23; 10:58 AM EST = -14; signal line is +15
6/27/23; 10:00 AM EST = +2; signal line is +15
6/27/23; 9:43 AM EST = +0; signal line is +15
6/26/23; 12:11 PM EST = -16; signal line is +14; go short 4336; (Benchmark SPX for 2023 = +12.9%)(Keybot algo this trade = +3.3%; Keybot algo for 2023 = +1.3%)(Actual results this trade = +1.8%; Actual results for 2023 = +2.8%)