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

Keybot the Quant flips to the long side yesterday at SPX 4172. The choppy slop continues all year long. The algo already wants to flip back to the short side with the algo number 3 points below the signal line so stay alert for more whipsaws and chops this week as the Fed decision nears.

Utilities and banks were key yesterday and now chips and retail want a piece of the action. Comically, UTIL closes at 960.77 exactly in the middle of the two key bull/bear parameters at 960.60 and 960.85 that Keybot called out ahead of time. Amazing.

The bullish joy dissipated after the flip to the long side since UTIL failed at 960.85 and banks failed at XLF 33.13. These bull/bear lines in the sand, as well as UTIL 960.60 remain in play and tell you which way stocks are headed.

In addition, bulls will win with stronger chips. Bears win with weaker retail stocks.

Bulls need UTIL above 960.85, SOX above 3027 and XLF above 33.13 to create big upside. Bears need UTIL below 960.60 and RTH below 162.60 to turn stocks sour again.

Keybot the Quant wants to flip short again and likely will below SPX 4164 but a lot can happen like yesterday. A gap-down open of 13 points will delay Keybot the Quant from flipping short for about 90 minutes. S&P futures are currently down -7 about 4 hours before the opening bell.

On the last trade that ran for about a week and one-half, the quant program loses a percent and the actual trading loses a couple percent. For the year thus far, the SPX is up almost +9%, the Keybot the Quant program is dead flat and the actual trading generated by the quant is up +2%. Keybot exits SDS and enters SSO. Watch the utilities and banks.

5/7/23; 7:00 PM EST =
5/5/23; 9:00 AM EST =
5/1/23; 3:59 PM EST = -5; signal line is -2 but algorithm remains long
5/1/23; 2:40 PM EST = +11; signal line is -1
5/1/23; 10:14 AM EST = +27; signal line is +0
5/1/23; 10:00 AM EST = +11; signal line is +1; go long 4172; (Benchmark SPX for 2023 = +8.7%)(Keybot algo this trade = -1.3%; Keybot algo for 2023 = +0.0%)(Actual results this trade = -2.3%; Actual results for 2023 = +1.9%)
4/30/23; 7:00 PM EST EOM = -5; signal line is +1
4/28/23; 3:12 PM EST = -5; signal line is +3
4/28/23; 2:49 PM EST = -21; signal line is +4
4/28/23; 1:06 PM EST = -5; signal line is +6
4/28/23; 12:10 PM EST = +11; signal line is +8 but algorithm remains short
4/28/23; 11:11 AM EST = -5; signal line is +9
4/28/23; 11:04 AM EST = -21; signal line is +10
4/28/23; 10:00 AM EST = -5; signal line is +13
4/27/23; 3:50 PM EST = -5; signal line is +15
4/27/23; 3:38 PM EST = -21; signal line is +17
4/27/23; 3:03 PM EST = -5; signal line is +19
4/26/23; 11:57 AM EST = -21; signal line is +21
4/26/23; 10:56 AM EST = -5; signal line is +24
4/26/23; 9:58 AM EST = -21; signal line is +26
4/25/23; 10:00 AM EST = -5; signal line is +29
4/25/23; 9:36 AM EST = -4; signal line is +30
4/24/23; 3:15 PM EST = +12; signal line is +31
4/24/23; 2:12 PM EST = -4; signal line is +31
4/24/23; 1:26 PM EST = +12; signal line is +32
4/24/23; 11:14 AM EST = -4; signal line is +33
4/23/23; 7:00 PM EST = +12; signal line is +34
4/21/23; 9:53 AM EST = +12; signal line is +35
4/21/23; 9:44 AM EST = -4; signal line is +35
4/21/23; 9:36 AM EST = +12; signal line is +36
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%)