STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant flips long on Friday at SPX 5109 as the bulls stage a comeback rally. A New York Comeback with Lucinda and the Boss. The banks recovered days ago and last week the utes and the chips join the bull camp creating more upside joy. Utilities get cold feet into the closing bell on Friday but should again become joyous after Monday's open.

The bulls are in charge with the algo number 18 points above the signal line. This difference is nothing to write home about so remain vigilant for a potential whipsaw back to the short side. The bulls fought like Hell for several days to get over the finish line and flip the quant long as evidenced by the readout.

Utilities, chips, retail stocks (think Scamazon) and volatility are controlling US stock market direction currently. Chips are in the bull camp while utes, retail and volatility are in the bear camp creating market sogginess.

Bears need SOX below 4655 to regain control of the stock market. If this level is tested, and then price recovers for a little while, then price fails down through 4655, that likely tells you that the robot wants to flip short again. Bulls are in great shape with no worries if SOX remains above 4655.

Utilities were a bad omen on the stock market and that obviously came true, however, the real nasty and deep pullback in stocks did not have follow-through because utes recovered. UTIL 872.35 is a bull/bear line in the sand for the week ahead with price currently at 884.25 on the bull side. This is not reflected in the algo number as yet but will be after Monday's opening bell as long as UTIL (or DJU) remains above 872.35. A drop below 872.35 tells you that the bears have come to play and want the ball back. A drop below 852.54 any day in the week ahead tells you that the stock market is in serious trouble. Bulls have no worries as long as UTIL remains above 872 so watch it closely.

Bulls need RTH above 202.04 and VIX below 14.00 to provide super upside strength to the stock market rally. If you do not see these two parameters turning bullish, it tells you that the rally is weak and will likely reverse.

Thus, bears need SOX below 4655 and UTIL below 872.35 to begin growling again. Bulls need SOX to remain above 4655 and UTIL to remain above 872.35 while at the same time pulling RTH higher above 202.04 and VIX lower below 14. This is all you need to know for stock market direction in the days ahead. Easy as punch, er sweet as the punch as The Association sings Along Comes Mary.

On the last trade that ran for nearly a month, the quant program and actual trading generated by the robot each gain about +3%. For the year, the SPX benchmark pulls back about -3% over the last month now up +7% so far in 2024. The quant program is up a percent this year and the actual trading is up a couple percent. Keybot the Quant exits SH and enters SPY remaining in the 1x ETF's since the whipsaw timer does not expire for a couple more days when 2x leveraged ETF's will be available again. Carry On my Wayward Son.

5/5/24; 7:00 PM EST =
5/3/24; 9:00 AM EST =
4/30/24; 7:00 PM EST EOM =
4/30/24; 10:00 AM EST =
4/28/24; 7:00 PM EST = +16; signal line is -2
4/26/24; 3:59 PM EST = +16 signal line is -2
4/26/24; 11:03 AM EST = +32; signal line is -2; go long 5109; (Benchmark SPX for 2024 = +7.1%)(Keybot algo this trade = +2.8%; Keybot algo for 2024 = +1.3%)(Actual results this trade = +3.4%; Actual results for 2024 = +1.5%)
4/26/24; 10:00 AM EST = +32; signal line is -4 but algorithm remains short
4/26/24; 9:55 AM EST = +32; signal line is -6 but algorithm remains short
4/25/24; 3:42 PM EST = +16; signal line is -7 but algorithm remains short
4/25/24; 3:24 PM EST = +32; signal line is -7 but algorithm remains short
4/25/24; 10:36 AM EST = +16; signal line is -8 but algorithm remains short
4/25/24; 10:06 AM EST = +0; signal line is -7 but algorithm remains short
4/24/24; 11:30 AM EST = +16; signal line is -6 but algorithm remains short
4/24/24; 9:36 AM EST = +0; signal line is -6 but algorithm remains short
4/23/24; 9:46 AM EST = +16; signal line is -5 but algorithm remains short
4/21/24; 7:00 PM EST = +0; signal line is -5 but algorithm remains short
4/19/24; 3:56 PM EST = +0; signal line is -4 but algorithm remains short
4/19/24; 2:44 PM EST = -16; signal line is -3
4/19/24; 1:09 PM EST = +0; signal line is -2 but algorithm remains short
4/19/24; 12:51 PM EST = -16; signal line is -1
4/19/24; 12:17 PM EST = -32; signal line is +1
4/19/24; 12:08 PM EST = -16; signal line is +2
4/17/24; 9:51 AM EST = -32; signal line is +4
4/16/24; 2:40 PM EST = -16; signal line is +6
4/16/24; 2:33 PM EST = -32; signal line is +7
4/16/24; 11:26 AM EST = -16; signal line is +9
4/16/24; 9:00 AM EST = -32; signal line is +11
4/15/24; 1:34 PM EST = -32; signal line is +13
4/15/24; 12:34 PM EST = -16; signal line is +15
4/15/24; 11:38 AM EST = +0; signal line is +17
4/15/24; 11:05 AM EST = -16; signal line is +18
4/15/24; 10:32 AM EST = +0; signal line is +21
4/15/24; 9:36 AM EST = +16; signal line is +22
4/14/24; 7:00 PM EST = -16; signal line is +23
4/12/24; 10:25 AM EST = -16; signal line is +25
4/12/24; 10:00 AM EST = +0; signal line is +26
4/12/24; 9:37 AM EST = +0; signal line is +27
4/10/24; 9:36 AM EST = +16; signal line is +27
4/9/24; 3:59 PM EST = +48; signal line is +27 but algorithm remains short
4/9/24; 9:36 AM EST = +32; signal line is +27 but algorithm remains short
4/8/24; 2:06 PM EST = +16; signal line is +27
4/8/24; 1:57 PM EST = +32; signal line is +29 but algorithm remains short
4/7/24; 7:00 PM EST = +16; signal line is +30
4/5/24; 9:00 AM EST = +16; signal line is +31
4/4/24; 1:58 PM EST = +16; signal line is +32
4/4/24; 1:11 PM EST = +32; signal line is +32 but algorithm remains short
4/4/24; 12:38 PM EST = +16; signal line is +32
4/4/24; 11:19 AM EST = +32; signal line is +32 but algorithm remains short
4/4/24; 10:00 AM EST = +16; signal line is +32
4/4/24; 9:49 AM EST = +32; signal line is +32 but algorithm remains short
4/3/24; 12:44 PM EST = +16; signal line is +32
4/3/24; 12:23 PM EST = +32; signal line is +33
4/3/24; 11:20 AM EST = +16; signal line is +32
4/3/24; 10:18 AM EST = +32; signal line is +32 but algorithm remains short
4/3/24; 9:41 AM EST = +16; signal line is +32
4/2/24; 1:00 PM EST = +32; signal line is +33
4/2/24; 12:43 PM EST = +48; signal line is +33 but algorithm remains short
4/2/24; 12:17 PM EST = +32; signal line is +31 but algorithm remains short
4/2/24; 12:01 PM EST = +48; signal line is +31 but algorithm remains short
4/2/24; 11:43 AM EST = +32; signal line is +30 but algorithm remains short
4/2/24; 9:45 AM EST = +48; signal line is +29 but algorithm remains short
4/1/24; 2:22 PM EST = +32; signal line is +28 but algorithm remains short
4/1/24; 2:12 PM EST = +16; signal line is +28
4/1/24; 1:16 PM EST = +32; signal line is +28 but algorithm remains short
4/1/24; 10:18 AM EST = +16; signal line is +28; go short 5254; (Benchmark SPX for 2024 = +10.2%)(Keybot algo this trade = +0.1%; Keybot algo for 2024 = -1.5%)(Actual results this trade = +0.2%; Actual results for 2024 = -1.9%)