STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. Markets are running wild. "Big fine Daddy, please don't start runnin' wild," as Roy Brown sings about Big Town. The bulls are in charge with the algo number 18 points above the signal line. The robot prints 11 numbers today to begin the week so something must be going on under the surface.

The bulls pumped the semiconductors today creating a new SPX all-time closing high at 5718.57 another all-time high bookended by the '57'. The SPX all-time intraday high, the highest number ever, remains at 5737.57. If all this holds, it will be the 'Ole Heinz 57 Top'.

SOX 5016.50 is the bull/bear line in the sand that will send the broad stock market one way or the other. SOX ended the Monday session at 5026 so the bulls are celebrating at the tavern slappin' each other's backs while drinking booze.

Interestingly, commodities turned bullish but in short order failed back into the bear camp. The GTX 3553 palindrome is the bull/bear line in the sand and price is at 3528 creating bearishness in the stock market.

Volatility remains in the bear camp. Bulls need VIX below 15.26 to verify the stock market rally. If VIX remains above 15.26, it proves that the stock market rally was phony-baloney and will roll over and die.

Copper remains in play with bears needing CPER below 26.51 to create market mayhem.

The robot is focused on SOX 5016.50, GTX 3553 and VIX 15.26 as the three main drivers of stock market direction, currently; chips, commodities and volatility, respectively. SOX is creating upside market joy while GTX and VIX are creating stock market sogginess.

If SOX falls below 5016.50, and the SPX falls below 5704 trending lower, Keybot the Quant will likely flip short. What may be needed is a jog move with the chips to push the robot into going short. If you see SOX fall below 5016.50, but after 7 to 15 minutes, maybe more, it comes back above, again for about 7 to 15 minutes, maybe more, and then fails through the 5016.50, that will likely signal that the stock market is about to weaken and begin a broad down move.

VIX begins trading at 3 AM EST so a drop below 15.26 in the early morning hours will mean that stocks will be off to the races higher in the US session. Stocks will remains flat or soggy if VIX remains above 15.26 overnight, and then you want to watch SOX after the opening bell. You can watch GTX on stock charts using '$GTX'.

Tuesday will be a decisive day. The VIX has dropped to where it is time to make the move on the 15.26 or go home. All 3 metrics are at key pivot points and whatever they do, the stock market will follow. I Will Follow Him by Peggy March.

9/29/24; 7:00 PM EST =
9/27/24; 10:00 AM EST =
9/24/24; 10:00 AM EST =
9/23/24; 2:14 PM EST = +34; signal line is +16
9/23/24; 2:06 PM EST = +18; signal line is +14
9/23/24; 1:55 PM EST = +34; signal line is +13
9/23/24; 12:04 PM EST = +18; signal line is +12
9/23/24; 11:56 AM EST = +34; signal line is +12
9/23/24; 10:44 AM EST = +18; signal line is +11
9/23/24; 10:42 AM EST = +34; signal line is +11
9/23/24; 10:34 AM EST = +48; signal line is +10
9/23/24; 9:57 AM EST = +32; signal line is +9
9/23/24; 9:44 AM EST = +18; signal line is +8
9/23/24; 9:36 AM EST = +34; signal line is +8
9/22/24; 7:00 PM EST = +18; signal line is +7