STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant flips to the long side today late in the session at SPX 1995. The algo would not latch earlier in the afternoon to allow the move to the long side but that changed into the closing bell. As always, stay alert for a whipsaw move tomorrow especially with the FOMC rate decision that will likely send market violently in one direction or the other.

The flip to the long side is not yet convincing. Bulls are winning with retail stocks and copper. Bears are winning with semiconductors and utilities. Bears need either RTH under 76.07 and/or JJC under 28.46 to create market negativity and a potential whipsaw back to the short side. Bulls need either UTIL above 563 and/or SOX above 631 to guarantee further upside in stocks.

For the SPX for Thursday, a historic day with the rate decision on tap, starting at 1995, the bulls need to push above 1997 and the upside will accelerate above 2000 and more in a heartbeat. The bears need to push under 1978 to accelerate the downside. A move through 1979-1994 is sideways action for Thursday. 

The benchmark SPX index is down -3% on the year. On the last trade, the algorithm computer program gains about +4% and the actual trading gains about +3%. Keybot exits SH and enters IWM. The algo remains in single ETF mode. Pay close attention to RTH 76.07 and UTIL 563.

9/20/15; 7:00 PM EST =

9/17/15; 9:00 AM EST =

9/16/15; 3:23 PM EST = -26; signal line is -39; go long 1995; (Benchmark SPX for 2015 = -3.1%)(Keybot algo this trade = +3.9%; Keybot algo for 2015 = +5.6%)(Actual results this trade = +3.1%; Actual results for 2015 = +4.8%)

9/16/15; 2:57 PM EST = -26; signal line is -37 but algorithm remains short

9/16/15; 2:17 PM EST = -42; signal line is -36

9/16/15; 12:52 PM EST = -26; signal line is -34 but algorithm remains short

9/15/15; 10:11 AM EST = -42; signal line is -32

9/14/15; 10:51 AM EST = -58; signal line is -30

9/14/15; 10:37 AM EST = -42; signal line is -26

9/14/15; 9:42 AM EST = -58; signal line is -24

9/13/15; 7:00 PM EST = -42; signal line is -21

9/11/15; 10:00 AM EST = -42; signal line is -18

9/9/15; 10:36 AM EST = -38; signal line is -15

9/9/15; 10:29 AM EST = -22; signal line is -13

9/9/15; 10:08 AM EST = -38; signal line is -11

9/9/15; 9:36 AM EST = -22; signal line is -9

9/8/15; 9:46 AM EST = -38; signal line is -7

9/6/15; 7:00 PM EST = -54; signal line is -5

9/4/15; 9:00 AM EST = -54; signal line is -2

8/31/15; 7:00 PM EST EOM = -54; signal line is +0

8/30/15; 7:00 PM EST = -54; signal line is +3

8/28/15; 10:00 AM EST = -54; signal line is +5

8/25/15; 10:00 AM EST = -53; signal line is +6

8/24/15; 1:22 PM EST = -58; signal line is +7

8/24/15; 11:59 AM EST = -26; signal line is +9

8/24/15; 9:36 AM EST = -58; signal line is +11

8/23/15; 7:00 PM EST = -26; signal line is +13

8/21/15; 9:36 AM EST = -26; signal line is +15

8/20/15; 10:01 AM EST = -10; signal line is +16

8/20/15; 9:30 AM EST = +4; signal line is +17; go short 2076; (Benchmark SPX for 2015 = +0.8%)(Keybot algo this trade = -0.5%; Keybot algo for 2015 = +1.7%)(Actual results this trade = -0.4%; Actual results for 2015 = +1.7%)