Keybot the Quant remains long but is champing at the bit to go short. The holiday light volume creates the push and pull with the SPX printing a new all-time high at 6044. The algo number is 6 points below the signal line so the quant wants to be short but the internal parameters will not fully latch to permit the move.
If the SPX moves steadily lower to 6004, Keybot the Quant will likely flip short. That is a -28 drop in S&P futures. If the SPX gaps lower on Monday morning, the quant will likely not bite right away and instead wait about 90 minutes before flipping short, if that is the chosen direction.
Commodities, chips and copper, the three c's, create the negativity in the stock market despite the new all-time highs. Since the bulls have their chests puffed-out and are partying like its 1999, they need GTX above 3567 and/or SOX above 5050 to prove that higher is the direction ahead for stocks. At least 1 of the 2 must turn bullish to justify the highs in the S&P 500. If the 2 metrics remain bearish, the stock market upside will stall and reverse to the downside.
In addition to the SPX moving below 6004, the quant will need higher volatility to create sustainable broad market selling.
12/8/24;
7:00 PM EST =
12/6/24;
10:00 AM EST =
12/6/24;
9:00 AM EST =
12/1/24;
7:00 PM EST = +18; signal line is +24 but algorithm remains long
11/29/24;
11:48 AM EST = +18; signal line is +25 but algorithm remains long
11/29/24;
9:38 AM EST = +32; signal line is +26
11/26/24;
12:03 PM EST = +18; signal line is +26 but algorithm remains long
11/26/24;
10:00 AM EST = +32; signal line is +28
11/26/24;
9:36 AM EST = +32; signal line is +29
11/25/24;
12:43 PM EST = +18; signal line is +29 but algorithm remains long
11/25/24;
12:09 PM EST = +32; signal line is +30
11/25/24;
12:02 PM EST = +18; signal line is +29 but algorithm remains long
11/25/24;
11:36 AM EST = +32; signal line is +28
11/25/24;
11:20 AM EST = +18; signal line is +28 but algorithm remains long
11/24/24;
7:00 PM EST = +32; signal line is +27
11/22/24;
10:00 AM EST = +32; signal line is +27
11/21/24; 12:45 PM EST = +32; signal line is +26; go long 5950;
(Benchmark SPX for 2024 = +24.7%)(Keybot algo this trade = -0.9%; Keybot algo
for 2024 = +9.7%)(Actual results this trade = -1.7%; Actual results for 2024 =
+17.5%)
