Keybot the Quant flips to the long side on Friday morning at SPX 5736 due to upside joy with copper and commodities, however, by the end of the session, both metrics had fallen on their sword turning bearish again. The algo number is 13 points below the signal line so the robot is already champing at the bit to flip back to the short side.
If the SPX drifts lower after Monday's opening bell dropping below 5723, Keybot the Quant will likely flip short, hence the imminent turn notation remains in the title line. The stock market is psycho these days so anything can happen. Watch S&P futures since a 6-point pullback would be enough to set the wheels in motion for the bears to smile.
The bulls have the ball but they are losing ground. Bulls need CPER above 27.41 and/or GTX above 3576, stronger copper and commodities, respectively. Watch copper futures because as copper goes, so goes the market. Bulls need higher copper and commodities to resume the upside rally while weaker retail stocks and banks will be new death nails in the bull coffin.
Whittling it down, watch SPX 5723 and copper futures. If you are bearish, you want a steady move lower in the SPX. If price gaps down at the opening bell, the quant will likely wait for about 90 minutes before taking action.
On the last trade, that ran for a week and one-half, the robot spit out a ton of numbers. It is a crazy tape. The quant program gains a percent and the actual trading gains a couple percent. For the year, with only 2 months remaining, the benchmark S&P 500 is up about +20%. The quant program is up about +8% on the year and the actual trading generated by the quant is up about +14% continuing to underperform the benchmark by 6 percentage points. Keybot the Quant exited SDS and entered SSO.
Keybot prints one pre-scheduled number this week on Friday morning. Markets remain a coin-flip as America barrels towards the Tuesday election.
11/10/24;
7:00 PM EST =
11/8/24;
10:00 AM EST =
11/3/24; 7:00 PM EST = +4; signal line is +17
but algorithm remains long
11/1/24; 1:30 PM EST =
+4; signal line is +18 but algorithm remains long
11/1/24; 12:09 PM EST =
+20; signal line is +18
11/1/24; 11:52 AM EST =
+4; signal line is +18 but algorithm remains long
11/1/24; 11:36 AM EST =
+20; signal line is +19
11/1/24; 10:28 AM EST =
+4; signal line is +19 but algorithm remains long
11/1/24;
10:26 AM EST = +20; signal line is +20 but algorithm remains long
11/1/24; 9:36
AM EST = +34; signal line is +20; go long 5736; (Benchmark SPX for 2024
= +20.3%)(Keybot algo this trade = +1.1%; Keybot algo for 2024 = +7.8%)(Actual
results this trade = +2.4%; Actual results for 2024 = +13.7%)
11/1/24;
9:00 AM EST = +4; signal line is +19
10/31/24;
7:00 PM EST EOM = +4; signal line is +20
10/31/24;
3:14 PM EST = +4; signal line is +21
10/31/24;
10:38 AM EST = -12; signal line is +22
10/31/24;
10:25 AM EST = +4; signal line is +24
10/31/24;
9:36 AM EST = -12; signal line is +25
10/30/24;
3:59 PM EST = +4; signal line is +27
10/30/24;
3:51 PM EST = +36; signal line is +28 but algorithm remains short
10/30/24;
3:11 PM EST = +20; signal line is +28
10/30/24;
2:48 PM EST = +36; signal line is +28 but algorithm remains short
10/30/24; 9:36 AM EST = +20; signal line is +28
10/29/24;
2:59 PM EST = +36; signal line is +28 but algorithm remains short
10/29/24;
1:24 PM EST = +20; signal line is +26
10/29/24;
1:09 PM EST = +36; signal line is +26 but algorithm remains short
10/29/24;
10:36 AM EST = +20; signal line is +25
10/29/24;
10:00 AM EST = +36; signal line is +25 but algorithm remains short
10/29/24;
9:58 AM EST = +32; signal line is +24 but algorithm remains short
10/29/24; 9:36 AM EST = +16; signal line is +23
10/28/24;
3:19 PM EST = +32; signal line is +23 but algorithm remains short
10/28/24;
3:03 PM EST = +16; signal line is +23
10/28/24;
2:46 PM EST = +32; signal line is +23 but algorithm remains short
10/28/24;
2:06 PM EST = +16; signal line is +23
10/28/24;
1:42 PM EST = +32; signal line is +24 but algorithm remains short
10/28/24;
1:15 PM EST = +16; signal line is +24
10/28/24;
12:56 PM EST = +32; signal line is +25 but algorithm remains short
10/28/24;
11:41 AM EST = +16; signal line is +24
10/28/24;
10:27 AM EST = +32; signal line is +25 but algorithm remains short
10/28/24;
10:19 AM EST = +16; signal line is +25
10/28/24; 10:07 AM EST = +32; signal line is +25
but algorithm remains short
10/28/24;
9:36 AM EST = +16; signal line is +24
10/27/24;
7:00 PM EST = +46; signal line is +25 but algorithm remains short
10/25/24;
10:06 AM EST = +46; signal line is +24 but algorithm remains short
10/25/24;
10:00 AM EST = +30; signal line is +23 but algorithm remains short
10/24/24;
3:59 PM EST = +30; signal line is +23 but algorithm remains short
10/24/24;
3:51 PM EST = +46; signal line is +23 but algorithm remains short
10/24/24;
2:48 PM EST = +30; signal line is +22 but algorithm remains short
10/24/24; 2:37 PM EST = +14; signal line is +20
10/24/24;
2:22 PM EST = +30; signal line is +21 but algorithm remains short
10/24/24;
2:18 PM EST = +16; signal line is +21
10/24/24;
2:12 PM EST = +0; signal line is +22
10/24/24;
2:04 PM EST = +14; signal line is +23
10/24/24;
1:54 PM EST = +0; signal line is +24
10/24/24;
1:42 PM EST = +30; signal line is +26 but algorithm remains short
10/24/24;
1:29 PM EST = +14; signal line is +27
10/24/24;
11:52 AM EST = +0; signal line is +28
10/24/24;
11:06 AM EST = +16; signal line is +29
10/24/24;
9:36 AM EST = +30; signal line is +30 but algorithm remains short
10/23/24;
12:56 PM EST = +14; signal line is +30
10/23/24; 12:31 PM EST = +30; signal line is +31; go short 5799;
(Benchmark SPX for 2024 = +21.6%)(Keybot algo this trade = +0.8%; Keybot algo
for 2024 = +6.7%)(Actual results this trade = +1.3%; Actual results for 2024 =
+11.3%)
