STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant flips to the bull side at SPX 5755 with only 20 minutes left in the trading session today.  The stock market has been bumping along unable to commit to the upside or downside. It would not be surprising to see a whipsaw this week. The algo number is only 6 points above the signal line so the bull's grip is not very strong.

Bulls need VIX below 16.00 and it is above 21. The rally got nothing until it can be proven with lower volatility. This is extremely odd and rare behavior because the stock market at or near all-time highs should see a VIX far lower at the 10-14 area right now. Something strange is occurring.

Bears need weaker chips, banks, copper and commodities. Copper may be recoiling. Watch the CPER 27.25 bull/bear line in the sand. Bank earnings in a couple days may create excitement.

On the last trade, that only ran for about a week, the quant program loses about a percent and the actual trading is down a couple percent. For the year thus far, with Q4 underway, the SPX is up a huge +21% a wild gain especially since everyone expected a recession at the start of the year. The Keybot the Quant program is up about +6% this year and the actual trading generated by the quant is up +10% thus far in 2024. Keybot exited QID and entered SSO.

10/13/24; 7:00 PM EST =
10/11/24; 10:00 AM EST =
10/8/24; 3:38 PM EST = +46; signal line is +40; go long 5755; (Benchmark SPX for 2024 = +20.7%)(Keybot algo this trade = -0.8%; Keybot algo for 2024 = +5.9%)(Actual results this trade = +2.4%; Actual results for 2024 = +10.0%)
10/6/24; 7:00 PM EST = +46; signal line is +39 but algorithm remains short
10/4/24; 9:00 AM EST = +46; signal line is +39 but algorithm remains short
10/2/24; 10:01 AM EST = +46; signal line is +38 but algorithm remains short
10/1/24; 3:36 PM EST = +30; signal line is +37
10/1/24; 2:15 PM EST = +46; signal line is +38 but algorithm remains short
10/1/24; 10:20 AM EST = +30; signal line is +37
10/1/24; 9:52 AM EST = +46; signal line is +37 but algorithm remains short
9/30/24; 7:00 PM EST EOM EOQ3 = +32; signal line is +37
9/30/24; 2:23 PM EST = +32; signal line is +36; go short 5709; (Benchmark SPX for 2024 = +19.7%)(Keybot algo this trade = +1.7%; Keybot algo for 2024 = +6.7%)(Actual results this trade = +3.1%; Actual results for 2024 = +12.4%)