STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant flips to the bear camp yesterday morning at the opening bell at SPX 7618 as stocks fell apart. Copper and utilities are running the show. Copper failed out of the gate causing the robot to flip short and one minute later it already wanted to flip long again. The market action is a circus nowadays. Indexes are going off in all directions and things that should be correlated are not.

The CPER 39.53 and UTIL 1112.80 lines in the sand will tell you the story on Monday. A closer look can be given tomorrow once the Sunday and EOM prints. November trading starts on Monday. Both metrics are creating negativity and selling pressure for equities but both can easily revert back to the bull camp. It is all a coin-flip.

On the last trade that ran for 8 trading days, the quant program loses a couple percent but the actual trading gains +4.7% because of small caps bucking the trend and rallying for 9 days until yesterday. As mentioned above, indexes are all over the map. Tech stocks collapsed yesterday. For the year thus far, the benchmark SPX is up +11%, the quant program is down -9% and the actual trading generated by the quant is down -8%. The actual trading continues underperforming the benchmark by 19 percentage points. Keybot the Quant exited UWM and entered QID. Happy Halloween. The party heats up when the band plays Goo Goo Muck.

11/1/26; 7:00 PM EST EOM =
10/30/26; 3:38 PM EST = -10; signal line is -8
10/30/26; 11:44 AM EST = +6; signal line is -9 but algorithm remains short
10/30/26; 10:41 AM EST = -10; signal line is -9
10/30/26; 9:37 AM EST = +6; signal line is -10 but algorithm remains short
10/30/26; 9:36 AM EST = -10; signal line is -10; go short 7618 (Benchmark SPX for 2026 = +11.3%)(Keybot algo this trade = -1.6%; Keybot algo for 2026 = -9.0%)(Actual results this trade = +4.7%; Actual results for 2026 = -7.6%)
10/29/26; 10:39 AM EST = +6; signal line is -10
10/29/26; 9:36 AM EST = -10; signal line is -10 but algorithm remains long
10/27/26; 10:00 AM EST = +6; signal line is -10
10/27/26; 9:36 AM EST = +3; signal line is -10
10/25/26; 7:00 PM EST = -13; signal line is -10 but algorithm remains long
10/23/26; 10:00 AM EST = -13; signal line is -10 but algorithm remains long
10/21/26; 9:36 AM EST = -13; signal line is -10 but algorithm remains long
10/20/26; 11:46 AM EST = +3; signal line is -10
10/20/26; 11:34 AM EST = -13; signal line is -10 but algorithm remains long
10/20/26; 10:29 AM EST = +3; signal line is -10; go long 7740 (Benchmark SPX for 2026 = +13.1%)(Keybot algo this trade = -0.1%; Keybot algo for 2026 = -7.4%)(Actual results this trade = +2.7%; Actual results for 2026 = -12.3%)