STOCK MARKET BEARISH -- SHORT -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant whipsaws back to the short side at SPX 4466. Of course it does in these multi-month chop suey markets chewing up bulls and bears alike. The model round-trips from SPX 4464 to 4499 then back to 4466 verifying the never-ending choppy slop.

UTIL pops above 9 hundo for the bulls but utes then fall on their sword. The chips were taken out back behind the garage and beaten with a baseball bat. The SOX collapses into the bear camp at 3476 below the 3575 line in the sand. Copper faltered but CPER ends the day at 23.44 in the bull camp above the 23.39 line in the sand (by pennies).

VIX is at 13.79 remaining below the 14.97 line in the sand so the bears got nothing unless VIX pops above 15; this will tell you that the rout is on and the downside in stocks has legs. If the VIX remains below 15, stocks will recover and not drop to any great significance.

UTIL is at 892 and needs 915 next week to provide bull fuel for the stock market. Retail stocks and banks remain in the bull camp so any weakness in these sectors, especially Scamazon, will portend weakness ahead for the stock market.

The bears have the stock market football stumbling down field like a drunk with the algo number only 2 measly points below the signal line. The stock market remains a coin toss. 

On the last trade, that results in a whipsaw, the algo program and actual trading each lose about one percent; the nickel and diming continues. For the year, the S&P 500, that is the United States stock market, is up +16%. The quant program is down about -4% and the actual trading is down about -6% on the year thus far. Some additional oil is injected into Keybot's joints to help the robot out. After 14 great successful years, Keybot is looking like the Tin Man. There is still lots of time remaining in the year and there is likely an interesting finish ahead. Keybot exits IWM and enters SH and will remain in the 1x ETF's until the middle of October due to the price volatility (wild swings in price).

For the week ahead, the Fed is on tap so stocks may idle until Pope Powell brings the tablets down from On High to tell international stock, bond and currency traders how to trade.

Chips, retail stocks (AMZN), banks and copper are controlling stock market direction currently. Nothing Else Matters.

Bears will prove they can take the stock market lower if retail stocks, banks and copper weaken. Bulls prove they are going to be in control going forward if chips and utilities rally. For now, the imminent turn notation remains in the title line due to these coin-flip markets.

9/17/23; 7:00 PM EST =
9/15/23; 11:21 AM EST = +27; signal line is +29
9/15/23; 11:04 AM EST = +11; signal line is +29
9/15/23; 10:57 AM EST = +27; signal line is +29; go short 4466; (Benchmark SPX for 2023 = +16.3%)(Keybot algo this trade = -0.7%; Keybot algo for 2023 = -3.7%)(Actual results this trade = -1.1%; Actual results for 2023 = -5.5%)
9/15/23; 10:22 AM EST = +27; signal line is +29 but algorithm remains long
9/15/23; 10:09 AM EST = +43; signal line is +29
9/15/23; 10:00 AM EST = +27; signal line is +28 but algorithm remains long
9/15/23; 9:55 AM EST = +27; signal line is +28 but algorithm remains long
9/15/23; 9:46 AM EST = +43; signal line is +28
9/15/23; 9:36 AM EST = +27; signal line is +26
9/14/23; 2:38 PM EST = +43; signal line is +26
9/14/23; 2:20 PM EST = +27; signal line is +26
9/14/23; 12:21 PM EST = +43; signal line is +26
9/14/23; 12:14 PM EST = +27; signal line is +25
9/14/23; 11:57 AM EST = +43; signal line is +24
9/14/23; 11:44 AM EST = +27; signal line is +22
9/14/23; 11:10 AM EST = +43; signal line is +21; go long 4499; (Benchmark SPX for 2023 = +17.2%)(Keybot algo this trade = -0.8%; Keybot algo for 2023 = -3.0%)(Actual results this trade = -0.8%; Actual results for 2023 = -4.4%)