STOCK MARKET BEARISH -- SHORT -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains short despite the bull orgy in the stock market brought on by King Donnie balking on the Iran War deadline and ultimatum he imposed. The orange dude extends his threats against Iranian power stations until a Saturday deadline. Of course he does since it is the weekend and he can gauge the response of the drama. Then, on Sunday afternoon, or just before the opening bell on Monday morning, he will provide comments to try and manipulate the markets. It worked yesterday with futures down large, and then pivoted on a dime, flying skyward as Trumpski backed away from his threats and bloviations. What a mess.

Chips and the NYA index jump into the bull camp out of the gate yesterday placing the quant in position to go long but the internal parameters would not fully latch to permit the move. At 10:18 AM EST, the robot was a hair away from flipping long but did not. It balked like Donnie.

The quant wants to flip long with the algo number 10 points above the signal line. If the SPX rallies above 6652, a tall order, Keybot the Quant will likely flip long, therefore, the imminent turn notation is in the title line.

The bears have to pull semiconductors and the NYA index back in their camps if they plan to take equities lower. SOX 7750 and NYA 21688 are the two key lines in the sand. Prices are above creating the bull joy. Bears need either one to turn negative and that will be enough to maintain the continued green light for lower and lower stock market prices. If both turn negative, the rout is back on and the blood will flow again on Wall Street.

SOX 7750 and NYA 21688 will tell you the direction of the stock market going forward. SMH is down -0.6% in the premarket so it looks like the chips are down, literally and figuratively. Let's see; a -0.3% drop in the SOX will likely send it back into the bear camp and create a pall on the stock market and chips are down trice that in early trading. The bulls hope for no more rain but the bears wish for a downpour. Time to groove to No Rain.

3/29/26; 7:00 PM EST =
3/27/26; 10:00 AM EST =
3/23/26; 9:36 AM EST = +6; signal line is -4 but algorithm remains short
3/22/26; 7:00 PM EST = -24; signal line is -5