Keybot the Quant flips long this morning at SPX 4332 riding the upside orgy. Comically, the bulls are pumping utilities to create lift in the broad stock market. Bulls need stronger banks and for the SPX to cross above 4391-4393 which would paint a rosy picture ahead.
However, if the SPX comes up for a look at 4391-4393, and bumps its head on the resistance, and is spanked down and rejected, there will be serious Hell to pay. The SPX is at 4368 as this is typed at munchtime on Friday.
The bears need weaker utilities or they got buptkis. Bears need UTIL below 915.40 which will create stock market weakness, then UTIL 908.29 will create big trouble. Interestingly, the 908.29 is meaningless in a few hours and will be replaced with 914.39. There it is. Watch UTIL 914-916 as a critical line in the sand through next Friday.
UTIL is above creating the market joy today. UTIL must end today above 914-916. If not, you will know that next week will be trouble. Bears also need lower copper.
On the last trade that ran for a week, the quant program gains +2% and the actual trading gains about +4%. On the year thus far with about 2 months in the bag, the SPX benchmark is down -9%, the Keybot the Quant program is up a percent and the actual trading generated by the quant is up about +5%. Keybot exits SDS and enters QLD remaining in the 2x leveraged ETF's.
Bull market rallies within bear market cycles are known to have wicked upside and take off like rockets, like the last couple days. Watch the utilities. UTIL is at 932. If utes turn bearish, the imminent turn to the short side will be in play. The beat goes on.
2/27/22;
7:00 PM EST =
2/25/22; 10:45
AM EST = -2; signal line is -14; go long 4332; (Benchmark SPX for 2022 =
-9.1%)(Keybot algo this trade = +2.0%; Keybot algo for 2022 = +1.2%)(Actual
results this trade = +3.7%; Actual results for 2022 = +4.6%)
2/25/22;
10:00 AM EST = -2; signal line is -14 but algorithm remains short
2/25/22;
9:37 AM EST = -2; signal line is -14 but algorithm remains short
2/25/22;
9:36 AM EST = -18; signal line is -14
2/23/22;
2:17 PM EST = -34; signal line is -14
2/23/22;
1:51 PM EST = -18; signal line is -13
2/23/22;
1:09 PM EST = -34; signal line is -13
2/23/22;
10:11 AM EST = -18; signal line is -12
2/22/22;
3:59 PM EST = -2; signal line is -11 but algorithm remains short
2/22/22;
3:50 PM EST = -18; signal line is -10
2/22/22;
2:54 PM EST = -2; signal line is -9 but algorithm remains short
2/22/22;
1:56 PM EST = -18; signal line is -8
2/22/22;
10:00 AM EST = -2; signal line is -8 but algorithm remains short
2/22/22;
9:56 AM EST = -2; signal line is -7 but algorithm remains short
2/22/22;
9:36 AM EST = -18; signal line is -8
2/20/22;
7:00 PM EST = -18; signal line is -7
2/18/22; 3:46 PM EST =
-18; signal line is -5
2/18/22; 3:36 PM EST =
-34; signal line is -4
2/18/22; 1:57 PM EST =
-18; signal line is -2
2/18/22; 1:01 PM EST =
-34; signal line is +0
2/18/22; 11:44 AM EST =
-18; signal line is +3
2/18/22; 10:04 AM EST =
-2; signal line is +5
2/17/22; 3:31 PM EST = -18; signal line is +6
2/17/22; 3:15 PM EST = -34; signal line is +7
2/17/22; 3:09 PM EST = -18; signal line is +8
2/17/22; 1:44 PM EST = -4; signal line is +8
2/17/22; 1:05 PM EST = +12; signal line is +7 but
algorithm remains short
2/17/22; 12:44 PM EST = -4; signal line is +6
2/17/22; 12:22 PM EST = +12; signal line is +6 but
algorithm remains short
2/17/22; 10:59 AM EST = -4; signal line is +6
2/17/22; 10:29 AM EST = -20; signal line is +6
2/17/22; 10:19 AM EST = -4; signal line is +6
2/17/22; 10:05 AM EST
= -20; signal line is +6
2/17/22; 9:55
AM EST = -4; signal line is +7; go short 4420; (Benchmark SPX for 2022 =
-7.3%)(Keybot algo this trade = -0.9%; Keybot algo for 2022 = -0.8%)(Actual
results this trade = -1.8%; Actual results for 2022 = +0.9%)