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

Keybot the Quant remains long with the algo number 12 points above the signal line, however, the bears are starting to growl and want the stock market ball back. Utes and copper are telling the market tale currently.

The bulls push UTIL above the critical 946.90 preventing the bears from taking control. The two key bull/bear lines in the sand for utilities in the week ahead are 946.90 and 956.47. UTIL price is at 948.70 above the 946.90 creating stock market joy while price is below the key 956.47 creating market sadness (a wash).

Copper also walks a tightrope. The bull/bear line in the sand for CPER is 23.59 with price at 23.56. The weakness in copper creates bearishness in the stock market but it is a coin-flip with only a 3-penny gap.

As utilities go, so goes the stock market. As copper goes, so goes the stock market.

If the bulls can push UTIL above 956.47, the stock market upside orgy continues.

If the bears can push UTIL below 946.90, the stock market will be in trouble, and if the SPX is then below 4536 and trending lower, Keybot the Quant may flip to the short side, hence the imminent turn notation in the title line. The SPX closed at the lows on Friday at 4536 so any negativity in the S&P futures overnight will give the bears a head start.

Bulls win with higher utilities and copper while bears win with weaker utilities and copper. Monday morning we see what the bears got. Will bears take control of the stock market or fold like a cheap suit? Sharp Dressed Man.

Keybot prints 2 pre-scheduled numbers this week one on Tuesday morning and the other on Friday morning. The month ends (EOM) the following Monday, 7/31/23.

7/31/23; 7:00 PM EST EOM =
7/30/23; 7:00 PM EST =
7/28/23; 10:00 AM EST =
7/25/23; 10:00 AM EST =
7/23/23; 7:00 PM EST = +44; signal line is +32
7/21/23; 10:57 AM EST = +44; signal line is +31
7/21/23; 10:52 AM EST = +28; signal line is +30 but algorithm remains long
7/21/23; 10:42 AM EST = +44; signal line is +30
7/21/23; 9:49 AM EST = +28; signal line is +28 but algorithm remains long
7/20/23; 9:36 AM EST = +44; signal line is +28
7/19/23; 1:27 PM EST = +28; signal line is +26
7/19/23; 1:11 PM EST = +44; signal line is +26
7/19/23; 12:21 PM EST = +28; signal line is +24
7/19/23; 12:09 PM EST = +44; signal line is +23
7/19/23; 9:36 AM EST = +28; signal line is +22
7/19/23; 9:00 AM EST = +28; signal line is +20
7/17/23; 9:54 AM EST = +44; signal line is +20
7/17/23; 9:43 AM EST = +28; signal line is +17
7/16/23; 7:00 PM EST = +44; signal line is +17
7/14/23; 10:00 AM EST = +44; signal line is +15
7/12/23; 9:36 AM EST = +44; signal line is +13