Keybot the Quant remains short as the bulls come to play on Monday almost regaining the Friday loss. Retail stocks and banks fold like a cheap suit for the bears and run back into the bull camp creating the upside joy in equities. The algo number is now only 6 points below the signal line.
Same dealio tomorrow. Watch the XRT 78.15 and XLF 51.65 lines in the sand. Both are bullish creating stock market lift. Stocks will weaken if either fails back into the bear camp.
Commodities were teasing failure today while no one was looking but they remain in the bull camp. Watch GTX 3760 now at 3786. Equities will weaken if GTX loses 3760 heading lower.
It is a slow data weak but perhaps it will be an erratic week considering the start. The dip buyers were tripping over each other to buy any stock with a heartbeat. They could not sleep all weekend because they wanted to put their entire paycheck to work in the tech and meme stocks. Retail stocks, banks and commodities are the only three metrics that matter right now.
One way the bulls may wrestle back control is if any of the 3 parameters above dance above and below their lines in the sand a couple times. This behavior would jog the quant algo number closer to the signal line to where it may pop above and set-up a move back to the long side. For now, the bears still have the ball. Tomorrow will be interesting. Jethro Tull prepares everyone for the bull/bear battle. Locomotive Breath. No way to slow down.
8/10/25;
7:00 PM EST =
8/4/25;
10:19 AM EST = +44; signal line is +50
8/4/25;
9:36 AM EST = +28; signal line is +50
8/3/25;
7:00 PM EST = +12; signal line is +51
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