Keybot the Quant remains short as the stock market continues chopping along. Utilities gave up the ghost late Friday. King Donnie balked at continuing the strikes against Iran claiming that a new round of negotiations will begin today with the radical Islamist terrorists. Oil drops and futures rise. S&P futures are up +40 points.
Utes, vol and chips are impacting stock market direction. UTIL 1155, UTIL 1124, SOX 12.08K and VIX 19.17 are the lines in the sand. The VIX is at 15.98, a 15 handle, liking the bull camp. The chips are negative in the premarket so semi's like the bear camp.
UTIL begins the week at 1121 below both the 1124 and 1155 forecasting doom and gloom ahead. It sure does not look like that with futures happy, however, that occurs due to the King Donnie pump.
Bulls need UTIL above 1124 to place the quant in position to go long. Consider the imminent turn to the long side on tap if UTIL rises back above 1124. This is uber important to the stock market right now. Bad things will happen if utilities remain bearish.
Keybot the Quant prints one prescheduled number this week on Friday morning. Good morning Vietnam. Fortunate Son.
8/9/26;
7:00 PM EST =
8/7/26; 9:00 AM EST =
8/2/26;
7:00 PM EST EOM = +20; signal
line is +36
7/31/26;
3:59 PM EST = +20; signal line
is +36
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