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

Keybot the Quant flips to the short side yesterday morning at SPX 4479. Copper and volatility are all that matter right now and the VIX just turned bullish again an hour ago. Today will be interesting.

The volatility bull/bear line in the sand is VIX 15.62. The VIX is trading in real-time at 15.56 in the bull camp by pennies. Obviously, the bears need the VIX above 15.62 if they want to growl today.

The copper bull/bear line in the sand is CPER 23.73 with price set to start the hump day session at 23.38 in the bear camp. Bulls need a +1.5% pop in copper futures to send CPER higher into the bull camp. Copper futures were up near +1.5% a short time ago but now up +1.1% so the bulls are trying to pump the red metal but not quite there yet.

If CPER moves above 23.73, and the SPX moves above 4520, Keybot the Quant will likely flip back into the bull camp so the imminent turn notation can remain in the title line for now. The stock market remains a mixed-up bag of chop suey for the last 10 months.

Bears will be on easy street sending stocks lower if they can keep CPER below 23.73 and push the VIX back above 15.62. Look at that. The VIX is now at 15.60 only a couple pennies from the bull/bear line setting up today's drama.

On the last trade that ran for only a couple days, the quant program loses a percent and the actual trading generated by the robot loses a couple percent. For the year thus far, with 7 months in the bag, the benchmark S&P 500, that is the US stock market, is up nearly +17%. The quant program is flat on the year and the actual trading generated by the quant is up only one percent in 2023. The choppy whipsaw slop and wild gap-up and gap-down moves wreak havoc on algorithms but Keybot the Quant is holding its own during this tumultuous year. Keybot exits SSO and enters SDS remaining in the 2x leveraged ETF's. If the flip would have occurred on Monday, a couple trading hours sooner, it would have triggered a whipsaw signal and the robot would have dropped into the 1x ETF's. Time will tell if a whipsaw occurs today or early tomorrow.

As this message is posted, the VIX is at 15.63; see if it holds, or not. Watch copper and volatility. Nothing Else Matters.

8/13/23; 7:00 PM EST =
8/11/23; 10:00 AM EST =
8/9/23; 4:11 AM EST = +28; signal line is +38
8/8/23; 9:45 AM EST = +14; signal line is +38; go short 4479; (Benchmark SPX for 2023 = +16.6%)(Keybot algo this trade = -1.0%; Keybot algo for 2023 = +0.3%)(Actual results this trade = -1.9%; Actual results for 2023 = +1.0%)
8/8/23; 9:36 AM EST = +14; signal line is +39 but algorithm remains long
8/6/23; 7:00 PM EST = +30; signal line is +40 but algorithm remains long
8/4/23; 2:27 PM EST = +30; signal line is +40 but algorithm remains long
8/4/23; 9:33 AM EST = +44; signal line is +40; go long 4524; (Benchmark SPX for 2023 = +17.8%)(Keybot algo this trade = -0.1%; Keybot algo for 2023 = +1.3%)(Actual results this trade = +0.0%; Actual results for 2023 = +2.9%)