STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains long with the bull/bear battle continuing. The algo number is only 7 points above the signal line so the imminent turn to the short side remains in the title line. The stock market is a coin-flip.

The week is off to a crazy start with the quant spitting out 13 numbers yesterday and 2 so far today. It is bluster by the bears so far.

Stock market direction is controlled currently by utes, chips and banks while keeping a hairy eyeball on copper and commodities.

Bulls need higher utilities. Bulls need UTIL above 961.93 to stop the sogginess in the stock market and UTIL 981.27 will ignite an upside bull orgy in stocks.

Bears need to keep UTIL below 961.93 this week which is the current condition. At the same time, bears need to either push the SOX below 3041.40 or XLF below 33.09 and you will know immediately that stocks are headed south for real. Both would confirm extreme downside negativity underway.

If either semiconductors or banks jump into the bear camp at the levels shown, either one would do, and the SPX drops below 4123, Keybot the Quant will likely flip short.

UTIL is at 957 (creating bearishness in stocks), SOX is at 3074 (creating bullishness), XLF is 33.21 (creating bullishness) and the SPX is at 4143 (needs to drop 20 points today from the current level to flip the model short). If both the semi's and banks fail at the same time, Keybot may flip short right away since utes failed already today.

Watch utes, chips and banks; one of them will flinch and tell you the stock market direction ahead.

4/23/23; 7:00 PM EST =
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