Keybot the Quant remains long navigating the Friday to today tumult. The algo number is 9 points above the signal line with the bulls in control so the last couple trading days of negativity amounted to buptkis.
Utilities, chips and volatility are the three parameters controlling stock market direction currently. All 3 are bullish creating lift to stocks and today's upside orgy is due to the semiconductors jumping back into the bull camp. In addition, Doctor Copper is bent over the gurney and goosed higher. The bulls are puffing out their chests. Volatility also remains subdued so the bulls mock the bears and send in more dip-buyers to buy, buy, buy.
Interestingly, the bulls are having trouble keeping utes buoyant. UTIL, or DJU, drops to 1136 today only 14 points above the UTIL 1122 line in the sand that would open the door to pain and misery. Price recovers to 1140.
The lines in the sand are UTIL 1122, SOX 12274 and VIX 19.61. Since the chips just switched sides, watch the SOX 12274 line in the sand as the most important number for today. Bears need 1 of the 3 to turn bearish to position the quant to go short again. Of course, 2 of 3 turning negative will mean that stocks are falling apart and if all 3 take the pipe, stocks will be falling like rocks. Why does a sock always disappear every time you do the wash? It appears that the sock heaven wanted it. Only the good socks disappear. Will the SOX get Lost today in Linkin Park?
7/26/26;
7:00 PM EST =
7/21/26;
11:12 AM EST = +52; signal line is +43
7/19/26;
7:00 PM EST = +36; signal line is +43 but algorithm remains long
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