STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains long. The robot showed that it is still alive and kicking spitting out two numbers today. It's alive! It's alive! The algo number is  8 points above the signal line so all is groovy for the bulls but the bears were growling today due to elevated volatility.

The VIX popped above 17, above the key bull/bear line in the sand at VIX 16.97, identified by the quant. This pop in vol created the swoon in stocks and then late-day the Fed tackled Uncle Vix pushing him back down to the floor below 16.97 so stocks recover.

Commodities rallied today. Banks remain buoyant. Retail stocks are starting to get wobbly knees. It is a new cage match tomorrow between Doctor Copper and Uncle Vix. Two will enter but only one will exit and the stock market will follow the winner.

The bulls need to keep the VIX below 16.97 while at the same time pumping CPER above 29.02 heading higher. This will unleash a new leg higher for the bull rally.

The bears need to keep copper weak with CPER below 29.02 while at the same time catapulting the VIX above 16.97 that will create automatic market mayhem. Since it failed today, and then the bulls saved the day, the front line is slightly weakened, so the bears will attack again and see if they can bust up through VIX 16.97 for good sending stocks over the cliff.

If VIX overtakes 16.97 running above 17, and the SPX drops below 6646, Keybot the Quant will likely flip short, hence the imminent turn notation in the title line. Tomorrow may be an important day.

The SPX prints a new all-time high today, 9/23/25, at 6699.52, only 48 pennies from 6700. The screenprinter already delivered the large cardboard box with 500 "SPX 6.7K" hats ready for distribution. Alas, the S&P 500 fell on its sword after the record high so the all-time closing high remains at 6693.75 on 9/22/25.

Watch copper and volatility. One of them will flinch. You can watch the futures overnight and will know the answer before the opening bell for the cash session. Bulls need higher copper and lower vol. Bears need lower copper and higher vol. Two will go to one. U2 sings "One."

9/28/25; 7:00 PM EST =
9/26/25; 10:00 AM EST =
9/23/25; 3:50 PM EST = +44; signal line is +36
9/23/25; 2:56 PM EST = +30; signal line is +35 but algorithm remains long
9/21/25; 7:00 PM EST = +44; signal line is +35