Keybot the Quant remains long as the wild stock market action continues. The SPX prints a new all-time high at 6147.43 and new all-time closing high at 6144.15. The bears could have taken control several times over the last couple weeks but instead choose to be punched in the face by the bulls. The bulls control the stock market with the algo number 9 points above the signal line.
The SPX is not moving much, just enough to eek out record highs, and that is because the bulls cannot push retail stocks or utes higher. Conversely, the bears cannot gain downside traction because chips remain high, and receive an orgy boost this week, and volatility remains low. Thus, we have a standoff. One of those four parameters will flinch and tell you which way the stock market is headed.
Bulls need XRT above 79.49 and/or UTIL above 1031-1033. A continued stock market rally is guaranteed if either parameter turns bullish and if both turn bullish, stocks will explode higher.
Bears need SOX below 5133. 'Good luck wit dat' as they say in the Bronx. Bears need VIX above 16.59. Bears need one of these two metrics to turn bearish to place the robot in position to go short. If one of the two turn bearish, and the SPX drops below 6112, Keybot the Quant will likely flip short. Thus, the imminent turn notation will remain in the title line since the stock market is erratic and unstable and a coin-flip.
Keybot prints a pre-scheduled number Friday morning. You can whittle the action down to retail stocks versus volatility. XRT and VIX enter the cage match. Two have entered but only one will exit. Bulls win big with XRT above 79.49. Bears win big and will put the model in position to go short if VIX pops above 16.59. One of them will shine and the other will be shinola. Soulshine by Warren playing his Martin, handmade in Pennsylvania.
2/23/25; 7:00 PM EST =
2/21/25;
10:00 AM EST =
2/19/25;
9:00 AM EST = +30; signal line
is +21
2/18/25;
10:13 AM EST = +30; signal line
is +21
2/18/25;
9:52 AM EST = +46; signal line
is +21
2/16/25; 7:00 PM EST = +30; signal line is +20
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