STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant flips to the long side today at SPX 7470 after a couple weeks of teasing. The bulls jammed volatility lower, the VIX now sporting a 16 handle, and goosed copper higher. Doctor Copper jumped off the gurney and is dancing a jig although his legs remain weak.

CPER 37.91 is the bull/bear line in the sand and price is a hair below as this is typed. As copper goes, so goes the market. Bulls need CPER back above 37.91 or they got nothing. Utilities were weak out of the gate this morning but recovered.

Volatility, utilities and copper are the main drivers of the stock market currently. Vol and utes are liking their accommodations in the bull camp and are inclined to stay a while. Copper is the decider. Bulls win with CPER above 37.91 while bears will win the battle below.

On the last trade, that ran for the whole month of June, humorously, it feels like it was three months, the quant program gains a percent  and the actual trading ends up with buptkis. Stocks were all over the place and after a month ended up where they started. For the year thus far, with today marking the EOM, EOQ2 and EOH1, the benchmark S&P 500 is up +9% so the bulls are happy. The quant program is up +5% on the year and the actual trading is up only a percent this year underperforming the benchmark SPX by about 8 percentage points. The robot exited QID and entered SSO remaining in the 2x ETF's.

Copper tells the story this week and then volatility and utilities will take the ball from there. Do not be surprised if the quant whipsaws back to the short side since the algo number is only 4 points above the signal line. The bulls shout, "Let's go!" Blitzkrieg Bop. Dee Dee always yells, "1-2-3-4!" Those were the days.

7/5/26; 7:00 PM EST =
7/2/26; 9:00 AM EST =
6/30/26; 7:00 PM EST EOM EOQ2 EOH1 =
6/30/26; 10:44 AM EST = +38; signal line is +34
6/30/26; 10:27 AM EST = +54; signal line is +34
6/30/26; 10:04 AM EST = +38; signal line is +33; go long 7470 (Benchmark SPX for 2026 = +9.1%)(Keybot algo this trade = +1.2%; Keybot algo for 2026 = +4.5%)(Actual results this trade = -0.2%; Actual results for 2026 = +1.4%)
6/30/26; 10:00 AM EST = +38; signal line is +33 but algorithm remains short
6/29/26; 9:36 AM EST = +39; signal line is +32 but algorithm remains short
6/28/26; 7:00 PM EST = +23; signal line is +32
6/26/26; 10:00 AM EST = +23; signal line is +32
6/23/26; 9:36 AM EST = +23; signal line is +33
6/21/26; 7:00 PM EST = +39; signal line is +33 but algorithm remains short
6/18/26; 3:33 PM EST = +39; signal line is +31 but algorithm remains short
6/18/26; 3:08 PM EST = +23; signal line is +30
6/18/26; 9:36 AM EST = +39; signal line is +30 but algorithm remains short
6/17/26; 3:25 PM EST = +23; signal line is +29
6/16/26; 9:00 AM EST = +39; signal line is +29 but algorithm remains short
6/15/26; 10:15 AM EST = +39; signal line is +29 but algorithm remains short
6/15/26; 9:36 AM EST = +23; signal line is +28
6/14/26; 7:00 PM EST = +39; signal line is +29 but algorithm remains short
6/12/26; 3:59 PM EST = +39; signal line is +29 but algorithm remains short
6/12/26; 3:39 PM EST = +23; signal line is +28
6/12/26; 2:37 PM EST = +39; signal line is +27 but algorithm remains short
6/12/26; 11:01 AM EST = +23; signal line is +26
6/12/26; 10:42 AM EST = +37; signal line is +27 but algorithm remains short
6/12/26; 10:09 AM EST = +53; signal line is +26 but algorithm remains short
6/12/26; 10:00 AM EST = +37; signal line is +26 but algorithm remains short
6/11/26; 1:38 PM EST = +37; signal line is +25 but algorithm remains short
6/11/26; 8:24 AM EST = +23; signal line is +25
6/11/26; 8:03 AM EST = +37; signal line is +25 but algorithm remains short
6/11/26; 7:01 AM EST = +23; signal line is +24
6/11/26; 4:07 AM EST = +37; signal line is +24 but algorithm remains short
6/10/26; 10:51 AM EST = +23; signal line is +23 but algorithm remains short
6/10/26; 9:48 AM EST = +37; signal line is +23 but algorithm remains short
6/10/26; 4:50 AM EST = +23; signal line is +23 but algorithm remains short
6/9/26; 1:41 PM EST = +37; signal line is +23 but algorithm remains short
6/9/26; 12:07 PM EST = +23; signal line is +24
6/8/26; 9:52 AM EST = +37; signal line is +24 but algorithm remains short
6/8/26; 3:06 AM EST = +21; signal line is +25
6/7/26; 7:00 PM EST = +7; signal line is +25
6/5/26; 3:59 PM EST = +7; signal line is +27
6/5/26; 3:50 PM EST = +21; signal line is +28
6/5/26; 3:21 PM EST = +7; signal line is +29
6/5/26; 3:09 PM EST = +21; signal line is +30
6/5/26; 2:03 PM EST = +37; signal line is +31 but algorithm remains short
6/5/26; 10:56 AM EST = +21; signal line is +31
6/5/26; 9:00 AM EST = +37; signal line is +32 but algorithm remains short
6/4/26; 9:36 AM EST = +37; signal line is +33 but algorithm remains short
6/3/26; 3:59 PM EST = +21; signal line is +33
6/3/26; 12:27 PM EST = +5; signal line is +34; go short 7559 (Benchmark SPX for 2026 = +10.4%)(Keybot algo this trade = +2.5%; Keybot algo for 2026 = +3.3%)(Actual results this trade = +4.9%; Actual results for 2026 = +1.6%)