STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant flips to the short side yesterday at SPX 4024. The banks and copper flip bearish so you knew what would happen. The algo number is only 13 points below the signal line so the choppy slop may continue. The year thus far is choppy slop chewing up bulls and bears alike.

Pope Powell laid an egg yesterday tanking equities causing copper and the banks to give up the ghost. The battle today is the SPX index versus copper. It is a cage match. Two will enter but only one will exit.

Bears need to pull SPX below 3962 to prove they got game. Stocks will tank. S&P futures are up +2, however, about one hour before the opening bell.

Bulls need CPER above 24.39 which represents a +0.7% gain in the copper futures. Let's see, copper futures are up +1.0%. Ding, ding, ding, we have a winner. The bulls want the stock market football back and they are trying to use copper to get it.

If CPER regains 24.39, which appears likely, the quant will be champing at the bit to go long again, consider the imminent turn to the long side to be in play, but will probably want to see SPX 4050 to flip and commit a tall order for today. It will be important to see if CPER can maintain 24.39 today or if it fails. China is not going to spend the dough on its economy that was expected and Peru production is coming back on line after the riots so the red metal would be expected to become soggy going forward.

On the last trade, another choppy sloppy stutter-step, the gains are marginal and on the year the results remain flat. The benchmark SPX is up about +5% this year so the long stockholders are walking around with their chests puffed-out. Keybot the Quant exits QQQ and enters DOG remaining in the single ETF's for 2 more weeks when the whipsaw timer will expire. When will the chop suey end?

3/12/23; 7:00 PM EST =
3/10/23; 9:00 AM EST =
3/7/23; 10:03 AM EST = -19; signal line is -6; go short 4024; (Benchmark SPX for 2023 = +4.8%)(Keybot algo this trade = +1.2%; Keybot algo for 2023 = +0.3%)(Actual results this trade = +1.7%; Actual results for 2023 = +0.1%)
3/7/23; 9:39 AM EST = -3; signal line is -6
3/5/23; 7:00 PM EST = +13; signal line is -8
3/3/23; 11:29 AM EST = +13; signal line is -10
3/2/23; 3:17 PM EST = -3; signal line is -12; go long 3978; (Benchmark SPX for 2023 = +3.6%)(Keybot algo this trade = -0.6%; Keybot algo for 2023 = -0.9%)(Actual results this trade = -0.5%; Actual results for 2023 = -1.6%)