STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant flips to the short side today at SPX 4428. In these crazy sawtooth choppy sloppy markets, you can go to the can and by the time you return, stocks are going in the opposite direction. It is whipsaw city today down the road from Suffragette City.

The bears are back in control although, comically, who knows what is in store tomorrow when Pope Powell speaks at 10 AM EST (8 AM Jackson Hole mountain time)? Bears need weaker commodities and NYA index to create market carnage.

Bears need GTX below 3415 and/or NYA below 15574. Either one turning bearish will create market carnage and both turning negative will create a bloodbath on Wall and Broad.

The bulls are drowning their troubles drinking flat Fed wine, placing head in palms, opining that they "started out so happy, but now hung over and down." Bulls need stronger chips, banks, retail stocks and copper, and lower volatility. Other than that, things are going swimmingly for the bulls. That's a lot of moving parts.

Bulls need SOX above 3570, XLF above 34.17, RTH above 175.05, CPER above 23.51 and/or VIX below 15.43 to stop the stock market selling. Any one of these 5 metrics turning bullish will stop the selling and send stocks sideways. If they all remain in the bear camp, Katy bar the door, because stocks will be under serious negative assault.

If 2 of the 5 flip bullish, consider the imminent turn to be in play and potential flip back to the long side. It is crazy markets that will have to choose a direction.

Remember the weekend comments? No? You must have a lousy memory. The UTIL 914.83, call it 915, line in the sand is in play next week so the closing price tomorrow will provide a heads-up for next week. UTIL is at 875 a big 40 points from the key level for next week so the bears are throwing confetti and celebrating while the bulls continue crying in their beer pleading with Powell to cheer lead stocks tomorrow. Weak utes are a very bad omen going forward placing a potential all-out stock market crash on the table currently.

On the last trade, that ran for only 4-1/2 trading hours, the quant program is flat and the actual trading loses -0.6%. It is death by a thousand cuts due to the many months of choppy slop (non-trending markets). For the year, the S&P 500 benchmark is up +15%, the algo program is down -2% and the actual trading generated by the quant is down almost -4% in 2023. Keybot exits QQQ and enters RWM remaining in single 1x ETF's due to the whipsaws occurring. All eyes are on Fed Chairman Powell.

8/27/23; 7:00 PM EST =
8/25/23; 10:00 AM EST =
8/24/23; 10:31 AM EST = -34; signal line is -16; go short 4428; (Benchmark SPX for 2023 = +15.3%)(Keybot algo this trade = -0.1%; Keybot algo for 2023 = -2.2%)(Actual results this trade = -0.6%; Actual results for 2023 = -3.6%)
8/24/23; 10:15 AM EST = -18; signal line is -16 but algorithm remains long
8/24/23; 10:00 AM EST = -2; signal line is -15
8/24/23; 9:36 AM EST = -18; signal line is -16 but algorithm remains long
8/23/23; 3:59 PM EST = +14; signal line is -15
8/23/23; 3:33 PM EST = -2; signal line is -16
8/23/23; 1:15 PM EST = +14; signal line is -17
8/23/23; 12:43 PM EST = -2; signal line is -17; go long 4431; (Benchmark SPX for 2023 = +15.4%)(Keybot algo this trade = +0.4%; Keybot algo for 2023 = -2.1%)(Actual results this trade = -0.3%; Actual results for 2023 = -3.0%)