STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant flips to the long side with minutes to go in the trading week at SPX 5266. The late-day orgy rally higher was so obscene it made Caligula blush. Banks and volatility are all that matter and they provide the fuel to send stocks to the moon in the final minutes. The algo number is 14 points above the signal line.

The robot buy programs hit the tape for the last 65-minute period (2:55 PM EST - 4:00 PM EST) and the bulls never looked back. The banksters and Uncle Vix stripped off their clothes and started buying any stock with a heartbeat.

The bulls need stronger retail stocks, which means Scamazon, to prove that the upside is real. Bulls need RTH above 201.77 and the stock market will stretch higher. Watch AMZN for clues.

The bears need weaker banks, copper, and commodities, and higher volatility. Watch the bull/bear lines in the sand at XLF 41.17, CPER 28.09, GTX 3660 and VIX 14.03 (volatility moves inverse to stocks).

On the last trade that ran for only a couple days, the quant program is flat and the actual trading generated by the quant gains almost +3% (the 2x short tech ETF popped as tech stocks dropped). On the year thus far, the benchmark SPX is up almost +11%. The Keybot the Quant algorithm program is up a percent this year thus far and the actual trading is up +5% finally playing catch-up towards the benchmark. The Keybot the Quant robot continues underperforming the benchmark S&P 500 this year by 600 basis points. Keybot exits QID and enters QLD a 2x long tech ETF.

6/2/24; 7:00 PM EST EOM =
5/31/24; 3:54 PM EST = +46; signal line is +32; go long 5266; (Benchmark SPX for 2024 = +10.4%)(Keybot algo this trade = +0.2%; Keybot algo for 2024 = +1.1%)(Actual results this trade = +2.8%; Actual results for 2024 = +4.7%)
5/31/24; 3:03 PM EST = +46; signal line is +32 but algorithm remains short
5/31/24; 1:36 PM EST = +32; signal line is +33
5/31/24; 10:24 AM EST = +16; signal line is +34
5/31/24; 9:52 AM EST = +30; signal line is +35
5/31/24; 9:41 AM EST = +46; signal line is +36 but algorithm remains short
5/31/24; 8:31 AM EST = +30; signal line is +36
5/30/24; 2:30 PM EST = +16; signal line is +37
5/30/24; 11:22 AM EST = +30; signal line is +38
5/30/24; 10:44 AM EST = +16; signal line is +39
5/30/24; 9:52 AM EST = +30; signal line is +40
5/29/24; 3:58 PM EST = +16; signal line is +42
5/29/24; 12:30 PM EST = +30; signal line is +43
5/29/24; 11:12 AM EST = +16; signal line is +43
5/29/24; 10:31 AM EST = +30; signal line is +43
5/29/24; 10:12 AM EST = +16; signal line is +44
5/29/24; 9:57 AM EST = +30; signal line is +44
5/29/24; 9:36 AM EST = +16; signal line is +43
5/29/24; 9:30 AM EST = +32; signal line is +43; go short 5278; (Benchmark SPX for 2024 = +10.7%)(Keybot algo this trade = +3.0%; Keybot algo for 2024 = +0.9%)(Actual results this trade = +5.4%; Actual results for 2024 = +1.9%)