STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short. The banks jump into the bull camp so stocks move higher. Dip-buyers celebrate another AI orgy party pushing stocks higher. Utilities, copper and banks are all that matter. Nothing Else Matters.

Banks remain key with stress test information released later this afternoon. XLF is at 32.93 that is 17 pennies above the key bull/bear line in the sand at XLF 32.76. S&P futures are soggy but meaningless unless XLF loses 32.76. Stocks may drop but if banks remain bullish, stocks will likely recover and float higher.

Dr Copper remains important. Bulls need CPER above 23.55 to prove they got game. CPER is at 23.37 only 18 pennies below the critical bull/bear line in the sand. Whoopsies daisies. Copper futures are down -1.4% in real-time so CPER will sh*t the bed.

Utilities remain at an important juncture. Keybot the Quant already called out UTIL 910.67 as the key bull/bear line in the sand for all of next week. Look at the closing price from yesterday. 910.67. Unbelievable. Dead nuts. This tells you that the quant is a superior trading model.

It also tells you that the UTIL 910.67 line in the sand for next Monday, Wednesday, Thursday and Friday (Tuesday is the holiday and US markets close at 1 PM EST Monday) will dictate the path forward for stocks. If UTIL ends this week above 910.67, bulls will be happy next week. If UTIL fades lower from here and finishes the week below 910.67, there will be trouble in the stock market next week and for weeks and months ahead.

The bears are in control with the algo number 13 points below the signal line. That is a flimsy difference so the bears are going to need more downside oomph and that would begin with XLF below 32.76 (weaker banks).

Bull fun begins with CPER above 23.55 (higher copper) but that does not appear on tap today.

7/2/23; 7:00 PM EST EOM EOQ2 EOH1 =
6/30/23; 10:00 AM EST =
6/27/23; 10:00 AM EST = +2; signal line is +15
6/27/23; 9:43 AM EST = +0; signal line is +15
6/26/23; 12:11 PM EST = -16; signal line is +14; go short 4336; (Benchmark SPX for 2023 = +12.9%)(Keybot algo this trade = +3.3%; Keybot algo for 2023 = +1.3%)(Actual results this trade = +1.8%; Actual results for 2023 = +2.8%)