STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. Semiconductors jump into the bear camp to start the week but copper jumps into the bull camp each nullifying the other. Today plays out with the chips turning bullish again so the bulls are throwing confetti swigging down Fed wine like it is water. The bulls remain in control with the algo number 16 points above the signal line.

Traders are awaiting NVDA earnings tomorrow after the closing bell, only 22 hours away, since Emperor Jensen will tell global traders how to trade stocks. The stock market battle is currently between copper and chips in the bull camp creating upside joy, and, commodities and volatility in the bear camp creating downside pressure in the stock market.

Bulls will win big if the VIX drops below 14.71. Stocks are stalled currently because VIX remains in the bear camp. There will be no further rally in stocks unless the VIX drops below 14.71. If stocks rally tomorrow, but the VIX does not drop below 14.71, it is a bull trap and stocks will reverse and drop. If stocks rally and the VIX loses 14.71, it is off to the races higher for stocks. Bulls will also benefit bigtime if GTX moves above 3612.

Bears need SOX below 5132 and/or CPER below 26.58 to create stock market negativity. Obviously, if NVIDIA soils the sheets tomorrow evening, SOX will collapse, and, conversely, if NVDA yearnings are a big hit, the SOX and stock market will rally to the sky. Copper futures need to drop -0.9% overnight for CPER to hit the 26.58 bull/bear line in the sand so that bears watching.

If either SOX or CPER turn bearish, consider the imminent turn to be in play. If 1 of the 2 occur, and the SPX drops below 5593, Keybot the Quant will likely flip short. The SPX drop represents a -32 point drop in the S&P futures overnight. Tomorrow may be an eventful day, however, the NVDA show does not begin until after the closing bell.

It could not be easier. If VIX drops below 14.71, it is a bull victory and stocks will move higher with traders buying equities with both fists at the ask. If either SOX drops below 5132 or CPER below 26.58 (-0.9% in copper futures), there will be Hell to pay in the stock market as stocks begin crumbling lower.

9/1/24; 7:00 PM EST EOM =
8/30/24; 10:00 AM EST =
8/27/24; 12:36 PM EST = +34; signal line is +18
8/27/24; 11:31 AM EST = +18; signal line is +16
8/27/24; 11:02 AM EST = +34; signal line is +14
8/27/24; 10:00 AM EST = +18; signal line is +13
8/26/24; 12:45 PM EST = +17; signal line is +11
8/26/24; 12:28 PM EST = +1; signal line is +10 but algorithm remains long
8/26/24; 12:20 PM EST = +17; signal line is +9
8/26/24; 11:03 AM EST = +1; signal line is +8 but algorithm remains long
8/26/24; 10:36 AM EST = +17; signal line is +6
8/26/24; 9:36 AM EST = +33; signal line is +5
8/25/24; 7:00 PM EST = +17; signal line is +3