STOCK MARKET BEARISH -- SHORT -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant flips to the short side yesterday after munchtime at SPX 4104 exactly where it went long a week ago; a round trip of nothing. The sideways choppy slop that is the hallmark of 2023 continues chewing-up bulls and bears alike.

Utilities keep swinging to and fro unwilling to commit one way or another to tell the tale of the stock market going forward. NYA comes down for another kiss of the key 15162 area and bounces but there are likely further tests next week and an actual touch of 15162.

Utes, chips and the NYA index are running the show. UTIL 953.58 and 959.38 are the two key bull/bear lines in the sand for the week ahead. Price begins at 959.19 which will provide an advantage to the bulls out of the gate on Monday. Bears will need utilities to weaken on Monday.

Bears win and will accelerate the downside in stocks with UTIL below 953.58 and/or NYA below 15162. If NYA 15162 is lost, Chopin's Funeral March would be in order. Bulls will grab the stock market ball back if UTIL moves above 959.38 and/or SOX above 3017.

The caution and imminent turn flags remain out since the stock market is a coin-flip currently. Perhaps the 1's and 0's will tell the tale in the week ahead.

On the last trade that ran for about a week, everything is flat. It is more sideways stuff. On the year, the benchmark SPX remains up +6.9%, the quant program is up a percent and the actual trading generated by the quant is up a couple percent. Keybot exits SPY and enters SH remaining in the 1x ETF's due to the whipsaw timer in effect for about 2-1/2 more weeks due to the choppy sloppy price environment.

5/14/23; 7:00 PM EST =
5/12/23; 12:47 PM EST = -21; signal line is -9; go short 4104; (Benchmark SPX for 2023 = +6.9%)(Keybot algo this trade = +0.0%; Keybot algo for 2023 = +0.7%)(Actual results this trade = +0.1%; Actual results for 2023 = +2.4%)
5/12/23; 11:19 AM EST = -21; signal line is -9 but algorithm remains long
5/12/23; 10:00 AM EST = -5; signal line is -10
5/12/23; 9:36 AM EST = -5; signal line is -12
5/11/23; 1:01 PM EST = -21; signal line is -14 but algorithm remains long
5/11/23; 12:11 PM EST = -5; signal line is -15
5/11/23; 12:05 PM EST = -21; signal line is -17 but algorithm remains long
5/11/23; 11:55 AM EST = -5; signal line is -18
5/11/23; 11:08 AM EST = -21; signal line is -20 but algorithm remains long
5/11/23; 10:52 AM EST = -5; signal line is -21
5/11/23; 9:58 AM EST = -21; signal line is -23
5/10/23; 2:08 PM EST = -5; signal line is -24
5/10/23; 1:04 PM EST = -21; signal line is -26
5/10/23; 9:36 AM EST = -5; signal line is -27
5/9/23; 3:59 PM EST = -21; signal line is -29
5/9/23; 3:06 PM EST = -5; signal line is -29
5/9/23; 9:36 PM EST = -21; signal line is -30
5/8/23; 3:59 PM EST = -5; signal line is -31
5/8/23; 3:48 PM EST = +11; signal line is -31
5/8/23; 3:46 PM EST = -5; signal line is -32
5/8/23; 10:28 AM EST = -21; signal line is -32
5/8/23; 9:36 AM EST = -5; signal line is -32
5/7/23; 7:00 PM EST = +11; signal line is -31
5/5/23; 3:56 PM EST = +11; signal line is -31
5/5/23; 3:55 PM EST = -5; signal line is -31
5/5/23; 3:30 PM EST = -21; signal line is -31
5/5/23; 3:28 PM EST = -5; signal line is -30
5/5/23; 2:24 PM EST = +11; signal line is -31
5/5/23; 9:36 AM EST = -21; signal line is -31; go long 4104; (Benchmark SPX for 2023 = +6.9%)(Keybot algo this trade = +1.2%; Keybot algo for 2023 = +0.7%)(Actual results this trade = +1.2%; Actual results for 2023 = +2.3%)