STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant flips short yesterday morning at SPX 5032 about where it sits this minute. The choppy whipsaw slop continues this year. The bears are back in control but the algo number is only 11 points below the signal line. Flip a coin.

The action is in the banks, chips and commodities. There are several moving parts but the chips are falling apart creating a pull lower in the overall stock market. Banks, however, are dancing on the bull/bear tightrope and can go either way so the bulls are remaining in the game. Same-o with commodities.

Drilling down, XLF 40.42 is the bull/bear line in the sand for the banks. Price is at 40.33 now helping the bears but only by 9 pennies. GTX 3634 is the bull/bear line in the sand for commodities. GTX is at 3658 now helping the bulls. Very simply, bears win big if GTX loses 3634 (you can keep an eye on GTX at stockcharts.com under symbol $GTX). Bulls win big if XLF moves above 40.42.

On the last trade that ran for only 3 days, the quant program and actual trading generated by the quant each lose -1.5%. For the year thus far, the benchmark S&P 500 is up about +6%. The Keybot the Quant algo program and actual trading are dead flat on the year thus far. Keybot exits SPY and enters SDS the 2x leveraged ETF since the whipsaw timer has expired.

Banks and commodities tell you the answer going forward. What I Am.

5/5/24; 7:00 PM EST =
5/3/24; 9:00 AM EST =
5/1/24; 3:58 PM EST = -2; signal line is +9
5/1/24; 1:28 PM EST = +14; signal line is +8 but algorithm remains short
5/1/24; 1:08 PM EST = -2; signal line is +7
5/1/24; 10:39 AM EST = +14; signal line is +6 but algorithm remains short
5/1/24; 9:36 AM EST = -2; signal line is +5; go short 5032; (Benchmark SPX for 2024 = +5.5%)(Keybot algo this trade = -1.5%; Keybot algo for 2024 = -0.2%)(Actual results this trade = -1.5%; Actual results for 2024 = +0.0%)
4/30/24; 7:00 PM EST EOM = +14; signal line is +4
4/30/24; 3:59 PM EST = +14; signal line is +2
4/30/24; 10:00 AM EST = +32; signal line is +1
4/29/24; 9:36 AM EST = +32; signal line is +0
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%)