STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant whipsaws back to the short side yesterday at SPX 4450. The year of relentless choppy slop continues. Chips failed early in the session and banks failed late day creating the downside in US stocks. The algo number is 25 points below the signal line so the bears are growling.

Volatility, chips and banks are running the show right now. VIX 15.43 is the bull/bear line in the sand and price is trading in real-time at 16.45 continuing the bearishness. 

Bulls need VIX below 15.43, SOX above 3597 and/or XLF above 34.25 to reverse course in stocks. If 2 of the 3 flip long, consider the imminent turn to the bull side to be back in play.

Bears will create further carnage with weaker commodities specifically sending GTX below 3400.

Bears win with GTX below 3400. Bulls win with VIX below 15.43, SOX above 3597 and/or XLF above 34.25. If status quo remains, the US stock market will chop along flat with a downward bias.

On the last trade that ran for one day, the quant program and actual trading each lose -0.7% stringing several losses in a row due to the choppy sloppy price action. For the year, the benchmark SPX is up +16%. The Keybot the Quant program and actual trading are down almost -3%. Keybot exits DDM and enters PSQ remaining in the single 1x ETF's to reduce risk in the ongoing whipsaw environment. Whip it good.

8/20/23; 7:00 PM EST =
8/16/23; 9:00 AM EST =
8/15/23; 3:32 PM EST = -18; signal line is +7
8/15/23; 10:10 AM EST = -2; signal line is +8; go short 4450; (Benchmark SPX for 2023 = +15.9%)(Keybot algo this trade = -0.7%; Keybot algo for 2023 = -2.5%)(Actual results this trade = -0.7%; Actual results for 2023 = -2.7%)
8/15/23; 9:49 AM EST = -2; signal line is +8 but algorithm remains long
8/15/23; 6:10 AM EST = +14; signal line is +8
8/15/23; 4:43 AM EST = +28; signal line is +8
8/15/23; 4:07 AM EST = +14; signal line is +8
8/14/23; 3:18 PM EST = +28; signal line is +8
8/14/23; 10:51 AM EST = +12; signal line is +8; go long 4481; (Benchmark SPX for 2023 = +16.7%)(Keybot algo this trade = -0.5%; Keybot algo for 2023 = -1.8%)(Actual results this trade = -0.3%; Actual results for 2023 = -2.0%)