STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant flips back to the long side at SPX 5339 this afternoon. The choppy whipsaw action is nauseating but perhaps things will settle down after the Friday morning Jobs Report. Copper, retail stocks and banks are running the show. Despite the rally in stocks this morning, the algo was happy to remain short but tic, tac, toe, copper, retail, banks, and it was off to the races with a Caligula rally.

People are tripping over each other to buy stocks then run back to the altar to worship NVDA the golden bull. The bulls are back in charge with the algo number 24 points above the signal line. This morning it was 23 points below verifying the obscene choppiness. The plugs are pulled on many algo's since they cannot keep up with such horrible price action but Keybot the Quant continues to ride the bucking bronco.

Commodities are the only thing holding the stock market back so GTX above 3653 will create another strong leg higher in stocks.

Bears need to reverse the trio of joy today sending the banksters, retail stocks (AMZN) and copper lower, specifically, XLF below 41.22, RTH below 201.60 and/or CPER below 28.12. Any 1 of the 3 turning bearish will stall the stock market rally. Stocks will continue floating higher if the 3 parameters remain bullish.

If 2 of the 3 parameters turn bearish, any 2, then consider the imminent turn to the short side to be back in play. If all 3 reverse into the bear camp, Keybot the Quant will likely flip back to the short side. Do you got all that? There will be a quiz tomorrow. Everyone is waiting for the Jobs Report.

On the last trade that ran for a couple days, both the algo program and actual trading lose a couple percent. For the year thus far, the benchmark SPX is up a big +12%. The Keybot the Quant program is down a percent on the year and the actual trading generated by the quant is up +3%. Keybot exited SH and entered SPY. The whipsaw action is getting old. Whip It, whip it good.

6/9/24; 7:00 PM EST =
6/7/24; 9:00 AM EST =
6/5/24; 2:15 PM EST = +48; signal line is +24; go long 5339; (Benchmark SPX for 2024 = +11.9%)(Keybot algo this trade = -1.8%; Keybot algo for 2024 = -1.1%)(Actual results this trade = -1.7%; Actual results for 2024 = +2.5%)
6/5/24; 1:27 PM EST = +32; signal line is +23 but algorithm remains short
6/5/24; 11:43 AM EST = +16; signal line is +23
6/4/24; 3:06 PM EST = +0; signal line is +23
6/4/24; 2:47 PM EST = +16; signal line is +24
6/4/24; 11:03 AM EST = +0; signal line is +24
6/4/24; 9:36 AM EST = +16; signal line is +25
6/3/24; 2:37 PM EST = +32; signal line is +26 but algorithm remains short
6/3/24; 1:24 PM EST = +16; signal line is +26
6/3/24; 1:13 PM EST = +2; signal line is +27
6/3/24; 12:44 PM EST = +16; signal line is +28
6/3/24; 12:24 PM EST = +2; signal line is +29; go short 5247; (Benchmark SPX for 2024 = +10.0%)(Keybot algo this trade = -0.4%; Keybot algo for 2024 = +0.7%)(Actual results this trade = -0.5%; Actual results for 2024 = +4.2%)