STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant flips bearish yesterday afternoon at SPX 4118. Copper and commodities fail creating stock market negativity. The bears are in charge but the algo number is only 8 points below the signal line so the bears need to put more meat on the table.

Bulls need UTIL above 981, CPER above 24.62 and/or GTX above 3382 to stop the market downslide. Did you see CPER seek the number that the quant told you would occur before it happened? If you are not impressed, you should be.

Bears need UTIL below 961.93, SOX below 3036 and/or XLF below 33.10 to create market carnage.

Copper futures are down -0.4% so the bears are smiling wanting to keep CPER in their camp. Watch chips closely since they are battling at the bull/bear line in the sand. SMH is down -0.4% in the pre-market so the SOX should begin soggy making the bears smile again.

Bulls need stronger utilities, copper and commodities while bears need weaker utes, chips and banks. These parameters are all that matter currently.

On the last trade, that ran for about 3 weeks, the quant program gains +3.4% and the actual trading gains +6.5%. For the year thus far, the benchmark SPX is up a healthy +7.2%. The Keybot the Quant program is up a percent this year and the actual trading generated by the quant is up about +4% in 2023. Keybot exits SSO and enters SDS remaining in the 2x leveraged ETF's. 

4/23/23; 7:00 PM EST =
4/20/23; 3:16 PM EST = +28; signal line is +36; go short 4118; (Benchmark SPX for 2023 = +7.2%)(Keybot algo this trade = +3.4%; Keybot algo for 2023 = +1.3%)(Actual results this trade = +6.5%; Actual results for 2023 = +4.2%)
4/20/23; 2:44 PM EST = +28; signal line is +36 but algorithm remains long
4/20/23; 2:11 PM EST = +44; signal line is +36
4/20/23; 2:04 PM EST = +28; signal line is +36 but algorithm remains long
4/20/23; 1:46 PM EST = +44; signal line is +36
4/20/23; 1:35 PM EST = +28; signal line is +35 but algorithm remains long
4/20/23; 12:59 PM EST = +44; signal line is +35
4/20/23; 12:16 PM EST = +28; signal line is +35 but algorithm remains long
4/20/23; 9:47 AM EST = +44; signal line is +36
4/20/23; 9:36 AM EST = +28; signal line is +36 but algorithm remains long
4/19/23; 12:13 PM EST = +58; signal line is +36
4/19/23; 11:28 AM EST = +42; signal line is +35
4/19/23; 10:45 AM EST = +58; signal line is +36
4/19/23; 10:00 AM EST = +42; signal line is +35
4/19/23; 9:44 AM EST = +58; signal line is +36
4/18/23; 10:45 AM EST = +42; signal line is +35
4/18/23; 9:00 AM EST = +58; signal line is +36
4/17/23; 3:59 PM EST = +58; signal line is +35
4/17/23; 3:07 PM EST = +42; signal line is +35
4/17/23; 2:46 PM EST = +26; signal line is +35 but algorithm remains long
4/17/23; 11:36 AM EST = +10; signal line is +35 but algorithm remains long
4/17/23; 11:34 AM EST = +26; signal line is +35 but algorithm remains long
4/17/23; 11:11 AM EST = +42; signal line is +35
4/17/23; 11:03 AM EST = +26; signal line is +35 but algorithm remains long
4/17/23; 10:51 AM EST = +26; signal line is +36 but algorithm remains long
4/17/23; 10:44 AM EST = +10; signal line is +36 but algorithm remains long
4/17/23; 10:18 AM EST = +26; signal line is +37 but algorithm remains long
4/17/23; 10:00 AM EST = +10; signal line is +37 but algorithm remains long
4/17/23; 9:58 AM EST = +26; signal line is +38 but algorithm remains long
4/17/23; 9:46 AM EST = +42; signal line is +37
4/16/23; 7:00 PM EST = +26; signal line is +37 but algorithm remains long
4/14/23; 10:00 AM EST = +26; signal line is +36 but algorithm remains long
4/14/23; 9:56 AM EST = +26; signal line is +36 but algorithm remains long
4/14/23; 9:48 AM EST = +42; signal line is +36
4/14/23; 9:36 AM EST = +26; signal line is +35 but algorithm remains long
4/13/23; 9:45 AM EST = +58; signal line is +34
4/12/23; 3:59 PM EST = +42; signal line is +32
4/12/23; 3:17 PM EST = +26; signal line is +30 but algorithm remains long
4/12/23; 3:16 PM EST = +42; signal line is +29
4/12/23; 3:01 PM EST = +58; signal line is +27
4/12/23; 2:54 PM EST = +42; signal line is +23
4/11/23; 12:18 PM EST = +58; signal line is +20
4/11/23; 11:58 PM EST = +42; signal line is +17
4/11/23; 9:54 AM EST = +58; signal line is +15
4/11/23; 9:46 AM EST = +42; signal line is +12
4/11/23; 9:36 AM EST = +58; signal line is +10
4/10/23; 12:57 PM EST = +42; signal line is +7
4/10/23; 11:43 AM EST = +26; signal line is +3
4/10/23; 9:43 AM EST = +10; signal line is +1
4/10/23; 9:36 AM EST = +26; signal line is -1
4/9/23; 7:00 PM EST = +42; signal line is -3
4/7/23; 9:00 AM EST = +42; signal line is -6
4/6/23; 2:17 PM EST = +42; signal line is -8
4/6/23; 2:05 PM EST = +26; signal line is -11
4/6/23; 12:15 PM EST = +42; signal line is -13
4/6/23; 11:37 AM EST = +26; signal line is -15
4/6/23; 11:07 AM EST = +10; signal line is -17
4/6/23; 9:36 AM EST = +26; signal line is -18
4/4/23; 9:37 AM EST = +10; signal line is -20
4/3/23; 9:36 AM EST = +26; signal line is -21
4/2/23; 7:00 PM EST EOM EOQ1 = +12; signal line is -23
3/31/23; 10:00 AM EST = +12; signal line is -24
3/30/23; 9:36 AM EST = +12; signal line is -26
3/29/23; 11:37 AM EST = -4; signal line is -27
3/29/23; 11:03 AM EST = -18; signal line is -29
3/29/23; 9:57 AM EST = -4; signal line is -31
3/28/23; 2:48 PM EST = -18; signal line is -33
3/28/23; 2:21 PM EST = -32; signal line is -34
3/28/23; 1:46 PM EST = -46; signal line is -35 but algorithm remains long
3/28/23; 1:40 PM EST = -32; signal line is -36
3/28/23; 10:00 AM EST = -18; signal line is -36
3/27/23; 1:28 PM EST = -17; signal line is -38; go long 3984; (Benchmark SPX for 2023 = +3.8%)(Keybot algo this trade = -1.2%; Keybot algo for 2023 = -2.1%)(Actual results this trade = -2.3%; Actual results for 2023 = -2.3%)