STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant logs the first turn for 2024 yesterday flipping long at SPX 4724.  Utilities and copper were pumped creating the euphoric glee in the stock market.

On the last trade, the first of 2024, the quant program and actual trading each gain about one percent. The benchmark S&P 500 starts the year down -1%. Yesterday's upside orgy regained much of this loss so the SPX is at 4764 and started the year at 4770; call it flat. The robot exited SH and entered SPY remaining in 1x ETF's since the whipsaw timer is still in play.

Utes and the red metal are all that matter right now. Keybot the Quant is also tracking semiconductors and commodities. UTIL 898.50 and CPER 23.65 are the bull/bear lines in the sand you can watch for a couple-few days. Prices are above and bullish, thus, the stock market rises. If either fails, stocks will stall and flatten. If both fail, stocks will fall down the rabbit chute.

The caution flag remains out due to the ongoing chop suey price action that is rolling over into this year. Copper futures are down -0.4%. There you go. CPER needs to drop -0.4% to make bears happy so the drama for today begins. Watch to see if CPER drops Down Under 23.65 which would usher in stock market sogginess.

1/14/24; 7:00 PM EST =
1/8/24; 2:16 PM EST = +50; signal line is +32
1/8/24; 2:07 PM EST = +34; signal line is +31
1/8/24; 11:30 AM EST = +50; signal line is +31
1/8/24; 10:50 AM EST = +34; signal line is +31; go long 4724; (Benchmark SPX for 2023 = -1.0%)(Keybot algo this trade = +1.0%; Keybot algo for 2023 = +1.0%)(Actual results this trade = +1.2%; Actual results for 2023 = +1.2%)
1/8/24; 10:11 AM EST = +34; signal line is +30 but algorithm remains short
1/7/24; 7:00 PM EST = +18; signal line is +30
1/5/24; 3:10 PM EST = +18; signal line is +30
1/5/24; 1:46 PM EST = +34; signal line is +31 but algorithm remains short
1/5/24; 1:05 PM EST = +18; signal line is +30
1/5/24; 11:26 AM EST = +34; signal line is +30 but algorithm remains short
1/5/24; 10:57 AM EST = +50; signal line is +29 but algorithm remains short
1/5/24; 9:00 AM EST = +34; signal line is +28 but algorithm remains short
1/4/24; 12:26 PM EST = +34; signal line is +27 but algorithm remains short
1/4/24; 10:01 AM EST = +50; signal line is +26 but algorithm remains short
1/2/24; 9:36 AM EST = +34; signal line is +24 but algorithm remains short
1/1/24; Begin 2024 Data = +18; signal line is +24; go short 4770; (Benchmark SPX for 2024 = +0.0%)(Keybot algo this trade = +0.0%; Keybot algo for 2024 = +0.0%)(Actual results this trade = +0.0%; Actual results for 2024 = +0.0%)