Keybot the Quant is on the long side since the Powell speech on Friday but the algo number is only 8 measly points above the signal line. Chips, banks and commodities are driving the stock market these days. Doctor Copper is lying in a coffin but traders do not care since they are too busy buying stocks.
The bulls are in control and it will be interesting to see if more record highs are ahead for the SPX.
The bears need SOX below 5520, now at 5754, to create market negativity (about a -4% drop; semiconductors failed last week but if you blinked you missed it; the buy the dip crowd brought price quickly higher again).
The bears need XLF below 52.00, now at 53.57, to create negativity (about a -3% drop). The bears need GTX below 3757, now at 3818, to create negativity (a -1.6% drop). Thus, commodities may likely be the metric that reverses the bullish joy and reintroduces stock market selling pressure since it is the easiest metric to turn for the bears.
The bulls are on easy street with bears needing a -1.6% drop in commodities, and/or a -3% drop in the banksters, and/or a -4% drop in semiconductors, to retake control. Choose your poison. Poison Heart with Joey's haunting voice.
Keybot prints two prescheduled numbers this week one on Tuesday morning and the other on Friday morning, both one-half hour after the opening bells for the cash trade. The month of August trading ends on Friday (EOM) and September trading begins Tuesday, 9/2/25, after the Labor Day holiday, 9/1/25, when US markets will be closed.
8/31/25;
7:00 PM EST EOM =
8/29/25;
10:00 AM EST =
8/26/25;
10:00 AM EST =
8/24/25;
7:00 PM EST = +44; signal line is +36
8/22/25; 10:02 AM EST = +44; signal line is +35; go long 6448
(Benchmark SPX for 2025 = +9.6%)(Keybot algo this trade = -1.6%; Keybot algo
for 2025 = +21.1%)(Actual results this trade = -2.4%; Actual results for 2025 =
+23.4%)
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