STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant whipsaws this morning, flipping back to the long side at SPX 6940. The bulls shot the utilities to the moon out of the gate to save the day and the rout was on. The algo number is 13 points above the signal line that is not much.

The jobs report offers a lower 4.4% unemployment rate, so a rate cut at the Fed meeting at the end of this month is off the table, but stocks rally anyway. The Supreme Court decision on tariffs did not occur but probably will next week. There was a bunch of data today playing catch-up to the last few months.

The orgy in semiconductors this week after Jensen happy talk, and the goosing of the utilities today, and ongoing strangulation of the VIX, maintain buoyant stocks and new all-time highs again. It feels a lot like the dotcom bubble and 2007-2008. The SPX prints a new all-time high today, 1/9/26, at 6978.36, call it 6978, only 22 points away from 7,000. The all-time closing high also prints today, 1/9/26, at 6966.28, call it 6966. It is interesting that the SPX bottomed at 666 years ago and now, here we are, both of us lonely, we got tonight, ...Bob Seger, and now, here we are, at 6966.

The year is choppy pig slop so far. Last year started the same way. The chop suey chews-up bulls and bears alike. As the session progressed, utes fell on their sword, and UTIL drops to 1069 so the same drama is on tap again for Monday morning. Do not be surprised if Keybot the Quant whipsaws back to the short side.

On the last trade, that runs for one day, the quant program and actual trading post marginal losses. For the year thus far, only 6 trading days along, the benchmark S&P 500, Keybot the Quant program, and actual trading, are all up about a percent. Keybot the Quant exits SDS and enters SPY dropping down into the single ETF's due to the whipsaw. The robot believes there may be a short period of choppy slop ahead so single ETF's are used to reduce risk. In 30 days, the quant will return to 2x  leveraged ETF's.

1/11/26; 7:00 PM EST =
1/9/26; 10:00 AM EST = +40; signal line is +27
1/9/26; 9:36 AM EST = +40; signal line is +26; go long 6940 (Benchmark SPX for 2026 = +1.4%)(Keybot algo this trade = -0.4%; Keybot algo for 2026 = +0.6%)(Actual results this trade = -0.6%; Actual results for 2026 = +1.4%)
1/9/26; 9:01 AM EST = +24; signal line is +25
1/9/26; 9:00 AM EST = +24; signal line is +25
1/8/26; 9:34 AM EST = +24; signal line is +25; go short 6916 (Benchmark SPX for 2026 = +1.0%)(Keybot algo this trade = +1.0%; Keybot algo for 2026 = +1.0%)(Actual results this trade = +2.0%; Actual results for 2026 = +2.0%)