STOCK MARKET BULLISH -- LONG

Keybot the Quant flips to the long side a couple hours ago at SPX 4446 as the choppy whipsaw slop continues. Today it is bull orgy time with traders tripping over each other to buy at the ask. Sectors jump into the bull camp catapulting stocks to the moon. The algo number is a whopping 52 points above the signal line the bulls came to play today.

Investors and traders believe that the Fed is done hiking so yields plummet as both stocks and notes/bonds are bot.

Copper and chips will likely signal a halt to the rally if it is in the cards. Bears need CPER below 23.46, that is only pennies away, and/or SOX below 3559. Either one turning bearish will stop the rally and both would reverse stocks back into sell-off mode continuing the choppy whipsaw slop.

On the last trade that ran for only a couple days, the quant program and actual trading rack-up more marginal losses due to the choppy slop and non-trending markets. For the year thus far, the benchmark S&P 500 index is up +16%, the quant program is down -3% and the actual trading generated by the quant is down -4%. Keybot the Quant exits RWM and enters IWM.

Watch copper and chips. CPER is trading at 23.56 here on the East Coast at munchtime only a dime away from the bear's goal. SOX is trading at 3621 so bears need a drop of about 62 points in the semiconductor index if they want to growl, like Roy.

9/3/23; 7:00 PM EST =
9/1/23; 9:00 AM EST =
8/31/23; 7:00 PM EST EOM =
8/29/23; 10:08 AM EST = +43; signal line is -9
8/29/23; 10:06 AM EST = +27; signal line is -11
8/29/23; 10:00 AM EST = +11; signal line is -13
8/29/23; 9:50 AM EST = +12; signal line is -14
8/29/23; 9:47 AM EST = -4; signal line is -16; go long 4446; (Benchmark SPX for 2023 = +15.8%)(Keybot algo this trade = -0.4%; Keybot algo for 2023 = -2.6%)(Actual results this trade = -0.3%; Actual results for 2023 = -3.9%)
8/28/23; 3:52 PM EST = -4; signal line is -17 but algorithm remains short
8/28/23; 3:04 PM EST = -20; signal line is -18
8/28/23; 2:00 PM EST = -34; signal line is -18
8/28/23; 1:59 PM EST = -18; signal line is -18 but algorithm remains short
8/28/23; 12:58 PM EST = -4; signal line is -18 but algorithm remains short
8/28/23; 12:57 PM EST = -18; signal line is -19 but algorithm remains short
8/28/23; 11:18 AM EST = -34; signal line is -19
8/28/23; 9:42 AM EST = -18; signal line is -19 but algorithm remains short
8/27/23; 7:00 PM EST = -34; signal line is -18
8/25/23; 10:00 AM EST = -34; signal line is -17
8/24/23; 10:31 AM EST = -34; signal line is -16; go long 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%)