STOCK MARKET BULLISH -- LONG

Keybot the Quant flips back to the long side at SPX 4104 on Friday morning as the choppy slop continues. Markets are jumpy like a Mexican jumping bean on Cinco de Mayo. Volatility, retail stocks and the NYA index hop back into the bull camp sending prices strongly higher. Utilities join the bulls on Friday afternoon creating the late-day push higher in equities.

Although the wild recovery move was possible as mentioned in the prior post, it was not expected. The bulls are cruising with the algo number 42 points above the signal line but the bears were in firm control before they stumbled. Stocks are reacting emotionally to news bites especially inflation chatter and Fed talk.

Utilities recover, again, taking the crash profile for the US market temporarily back off the front burner. However, utes will suffer a setback out of the gate on Monday unless another healthy rally occurs. UTIL needs to move above 967.82 after Monday's opening bell, otherwise the stock market rally will stall. UTIL must also remain above 960.85 and both these numbers are in effect all week long. UTIL price will begin the week at 962.

Volatility turned bearish but if you blinked you missed it with the VIX back in the bull camp below 19.85. Utes, volatility and chips are the likely 3 main parameters controlling stocks come Monday morning.

Bulls need UTIL above 967.82 and SOX above 3026 to signal that the rally is real and there is big upside ahead for US stocks.

Bears need UTIL below 960.85 and VIX above 19.85 to place the model in a position to go short and usher-in stock market pain and misery.

On the last trade that ran for only 3 days, the quant program and the actual trading each gain a percent. On the year thus far, the benchmark SPX is up +7%, the Keybot the Quant program is up a percent and the actual trading generated by the quant is up a couple percent. Keybot exits SH and enters SPY remaining in the 1x ETF's to reduce risk as the choppy slop continues.

5/14/23; 7:00 PM EST =
5/7/23; 7:00 PM EST =
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%)
5/5/23; 9:00 AM EST = -51; signal line is -30
5/5/23; 3:06 AM EST = -51; signal line is -28
5/4/23; 3:59 PM EST = -65; signal line is -27
5/4/23; 3:36 PM EST = -51; signal line is -25
5/4/23; 3:18 PM EST = -65; signal line is -23
5/4/23; 3:10 PM EST = -51; signal line is -22
5/4/23; 1:46 PM EST = -65; signal line is -20
5/4/23; 1:37 PM EST = -37; signal line is -19
5/4/23; 1:36 PM EST = -51; signal line is -18
5/4/23; 10:13 AM EST = -65; signal line is -16
5/4/23; 10:00 AM EST = -51; signal line is -14
5/4/23; 9:57 AM EST = -65; signal line is -13
5/4/23; 9:49 AM EST = -49; signal line is -10
5/4/23; 9:47 AM EST = -35; signal line is -8
5/2/23; 1:02 PM EST = -21; signal line is -7
5/2/23; 10:15 AM EST = -37; signal line is -6
5/2/23; 10:04 AM EST = -21; signal line is -4
5/2/23; 9:50 AM EST = -5; signal line is -3
5/2/23; 9:39 AM EST = -21; signal line is -3; go short 4152; (Benchmark SPX for 2023 = +8.1%)(Keybot algo this trade = -0.5%; Keybot algo for 2023 = -0.5%)(Actual results this trade = -0.8%; Actual results for 2023 = +1.1%)