Keybot the Quant remains long as the market turmoil caused by Pope Powell and King Trump continues. The robot is champing at the bit to go short but the internal parameters would not fully latch to permit the move. The algo number is only 3 measly points below the signal line so the bull/bear battle will spill over into next week.
The quant was spitting out numbers on hump day and Friday faster than Cousin Ralphie spitting watermelon seeds at a summer picnic. The stock market is a lot of whipsaw slop this year with one month already in the bag.
Keybot is tracking VIX as the most important market parameter currently. Chips are also key and ditto copper. There are other moving parts but these three should tell the story early next week.
Bulls need SOX above 5140 pronto to stop the stock market selling and stabilize the situation. Tech stocks and chips are on the mat coughing up blood and trying to get up.
Bears simply need the SPX to drop below 6031, only 10 points below the current 6041 price, and Keybot the Quant will likely flip short, hence the imminent turn notation is in the title line. If bearish, you do not want a gap down move at the open since this will likely delay when/if the model flips short. A slow, steady, downward move in the stock market is what bears need to get the quant to flip short. Check S&P futures overnight Sunday into Monday to see if a negative -10 is on the board. That would tell you that the bears are coming to play.
Bears need VIX above 16.85 and you will see an immediate deterioration in the stock market. Since volatility was playing games on Friday moving above and below this key level, if it spikes above, she is likely going to launch higher creating trouble. Bears need CPER below 26.55 so watch copper futures to see if they are weak.
Keep watching utilities. UTIL 976 is a trap-door for the stock market with price at 1000. If the stock market begins selling off in earnest, and UTIL does not fall below 976, that tells you the pullback is run of the mill and stocks should recover going forward. If stocks sell off and the trap-door at 976 gives way, Katy bar the door, the stock market will be going down hard and a long ways and for an extended period (think -10%, -20%, or -30% or more for stocks).
Lots of fun is ahead. Bears need SPX below 6031 to flip Keybot the Quant short and if VIX moves above 16.85, and then CPER below 26.55, stocks will be tumbling lower bigtime. If UTIL 976 gives way, you should lose all hope in the stock market and realize a significant crash is likely. Bears will be smiling if this occurs. Make Me Smile. Steve passed last year.
Bulls need to prevent SPX 6031 with all their might an at the same time push SOX above 5140, otherwise, they are in a heap of trouble. Uriah Heep. Tomorrow is Groundhog Day in Punxsutawney, Pennsylvania, USA.
2/2/25;
7:00 PM EST EOM =
1/31/25;
3:52 PM EST = +30; signal line
is +33 but algorithm remains long
1/31/25;
3:43 PM EST = +16; signal line
is +33 but algorithm remains long
1/31/25;
3:18 PM EST = +30; signal line
is +34 but algorithm remains long
1/31/25;
3:11 PM EST = +16; signal line
is +33 but algorithm remains long
1/31/25;
11:40 AM EST = +30; signal line
is +32 but algorithm remains long
1/31/25;
11:17 AM EST = +46; signal line
is +31
1/29/25; 2:46 PM EST = +30; signal line is +28
1/29/25;
12:45 PM EST = +16; signal line
is +26 but algorithm remains long
1/29/25;
12:06 PM EST = +30; signal line
is +25
1/29/25;
11:21 AM EST = +16; signal line
is +23 but algorithm remains long
1/29/25;
10:02 AM EST = +30; signal line
is +22
1/29/25;
9:47 AM EST = +16; signal line
is +21 but algorithm remains long
1/28/25;
12:09 PM EST = +30; signal line
is +21
1/28/25;
10:00 AM EST = +16; signal line
is +20 but algorithm remains long
1/27/25;
9:36 AM EST = +16; signal line
is +20 but algorithm remains long
