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

Keybot the Quant flips to the long side yesterday at SPX 4499. What a wild ride it has been this week. The quant is spitting out numbers like crazy. Chips and copper are running the stock market show and now utilities want to reenter the game. The drama is guaranteed to continue and do not be surprised if the algo whipsaws back to the short side.

UTIL 900.04, SOX 3578.40 and CPER 23.40 are controlling stock market direction currently. Utilities have remained in the bear camp for many weeks an ominous harbinger of big trouble but the stock market holds up with government stimulus and central banker money sloshing around everywhere. UTIL begins today at the 898 palindrome only 2 points from the 900.04 line in the sand. If UTIL moves above 900, it will create further upside in the stock market.

The UTIL 900.04 is obsolete after today and for all of next week the bull/bear line in the sand is 915.24. Thus, if the bulls can create more upside juice today above 9 hundo, that bullishness will disappear come Monday because UTIL will then need to be above 915. If utes rally big today and UTIL moves above 915, it tells you that the stock market rally has some legs. Obviously, bears want UTIL to fall from the current 898 price and trend lower which will continue forecasting serious trouble ahead for US stocks.

Bears need SOX below 3578.40 and price is at 3584 only a sneeze away. In the pre-market, semi's are dropping a couple percent across the board due to Taiwan Semi cutting back on equipment deliveries and orders (business is not as robust as thought). Thus, SOX will likely fail back into the bear camp at the opening bell creating market negativity.

Bears need CPER below 23.40 with price starting at 23.53. This is a 0.6% difference and copper futures are currently down -0.3% so the bears have more work to do to beat down the red metal and create stock market negativity.

If SOX and CPER fail into the bear camp, or if SOX jogs above and below the line in the sand a couple times today on its own, and the SPX drops below 4479, Keybot the Quant will likely flip short, hence the imminent turn notation remains in the title line.

It is a crazy market. Crazy as only Patsy could sing. Flip a coin. The chips, copper and utes will tell you the story today.

On the last trade that ran for a week, the quant program and the actual trading each lose -0.8% getting nickel and dimed to death over the last few weeks. Algorithms loathe chop suey markets and this erratic price action has been ongoing for nearly a year. It is reminiscent of the choppy whipsaw slop during 2017.

For the year thus far, the benchmark SPX is up an impressive +17%. The algo program is down -3% this year and the actual trading generated by the quant is down -4%. Keybot the Quant has never had a down year since it came on line in 2008. Do you think the robot has finally met its match this year? There are 3-1/2 months remaining in 2023. Keybot exits DOG and enters IWM remaining in 1x ETF's. This timer will expire in about a week and Keybot will then go back into 2x leveraged ETF's as long as another whipsaw does not occur.

9/17/23; 7:00 PM EST =
9/15/23; 10:00 AM EST =
9/14/23; 2:38 PM EST = +43; signal line is +26
9/14/23; 2:20 PM EST = +27; signal line is +26
9/14/23; 12:21 PM EST = +43; signal line is +26
9/14/23; 12:14 PM EST = +27; signal line is +25
9/14/23; 11:57 AM EST = +43; signal line is +24
9/14/23; 11:44 AM EST = +27; signal line is +22
9/14/23; 11:10 AM EST = +43; signal line is +21; go long 4499; (Benchmark SPX for 2023 = +17.2%)(Keybot algo this trade = -0.8%; Keybot algo for 2023 = -3.0%)(Actual results this trade = -0.8%; Actual results for 2023 = -4.4%)
9/14/23; 10:46 AM EST = +43; signal line is +20 but algorithm remains short
9/14/23; 9:49 AM EST = +27; signal line is +18 but algorithm remains short
9/14/23; 9:36 AM EST = +43; signal line is +17 but algorithm remains short
9/13/23; 2:48 PM EST = +11; signal line is +15
9/13/23; 1:34 PM EST = +27; signal line is +14 but algorithm remains short
9/13/23; 11:06 AM EST = +43; signal line is +12 but algorithm remains short
9/13/23; 10:31 AM EST = +27; signal line is +10 but algorithm remains short
9/13/23; 9:56 AM EST = +11; signal line is +7 but algorithm remains short
9/13/23; 9:36 AM EST = +27; signal line is +6 but algorithm remains short
9/12/23; 1:53 PM EST = +11; signal line is +5 but algorithm remains short
9/12/23; 1:29 PM EST = +27; signal line is +5 but algorithm remains short
9/12/23; 12:43 PM EST = +11; signal line is +4 but algorithm remains short
9/12/23; 12:10 PM EST = +27; signal line is +3 but algorithm remains short
9/12/23; 10:33 AM EST = +11; signal line is +2 but algorithm remains short
9/12/23; 9:48 AM EST = +27; signal line is +2 but algorithm remains short
9/12/23; 9:36 AM EST = +11; signal line is +2 but algorithm remains short
9/11/23; 3:24 PM EST = +27; signal line is +2 but algorithm remains short
9/11/23; 2:41 PM EST = +11; signal line is +2 but algorithm remains short
9/11/23; 10:01 AM EST = +27; signal line is +2 but algorithm remains short
9/11/23; 9:52 AM EST = +11; signal line is +2 but algorithm remains short
9/11/23; 9:43 AM EST = +27; signal line is +3 but algorithm remains short
9/11/23; 9:36 AM EST = +43; signal line is +4 but algorithm remains short
9/10/23; 7:00 PM EST = +11; signal line is +4 but algorithm remains short
9/8/23; 10:27 AM EST = +11; signal line is +5 but algorithm remains short
9/8/23; 9:43 AM EST = -5; signal line is +5
9/7/23; 2:56 PM EST = +11; signal line is +6 but algorithm remains short
9/7/23; 2:33 PM EST = -5; signal line is +6
9/7/23; 12:36 PM EST = +11; signal line is +6 but algorithm remains short
9/7/23; 12:07 PM EST = -5; signal line is +5
9/7/23; 11:55 AM EST = -19; signal line is +5
9/7/23; 11:37 AM EST = -5; signal line is +4
9/7/23; 11:04 AM EST = -19; signal line is +4
9/7/23; 10:58 AM EST = -35; signal line is +4
9/7/23; 10:49 AM EST = -21; signal line is +5
9/7/23; 10:06 AM EST = -35; signal line is +5
9/7/23; 9:36 AM EST = -19; signal line is +5
9/7/23; 8:37 AM EST = -3; signal line is +5
9/6/23; 2:28 PM EST = +11; signal line is +3 but algorithm remains short
9/6/23; 1:18 PM EST = -5; signal line is +2
9/6/23; 1:00 PM EST = -19; signal line is +1
9/6/23; 10:50 AM EST = -5; signal line is +2; go short 4464; (Benchmark SPX for 2023 = +16.3%)(Keybot algo this trade = +0.4%; Keybot algo for 2023 = -2.2%)(Actual results this trade = +0.3%; Actual results for 2023 = -3.6%)