Keystone's trading robot, Keybot the Quant, whipsaws back to the long side at SPX 6940 after the opening bell this morning. The bulls goosed the utilities out of the gate and the stock market rout was on. The UTIL 1063 line in the sand remains in play with price ending the week at 1069 so stay alert for a whipsaw back to the short side on Monday or sometime next week. The year is starting off with choppy pig slop like last year that can chew-up bulls and bears alike.
The SPX prints a new all-time high today, 1/9/26, at 6978 only 22 points from 7000. Keystone has his SPX 7K hat ready to go. Maybe he can wear it next week? The all-time closing high for the SPX is also today, 1/9/26, at 6966. The stock market bottom years ago was 666 and now we are at 6966.
The circus continues on Monday. The first week of January is up, so the month should be up according to the January barometer, and that should portend well for the year for stocks. Do not hang your hat on this stuff. Chips controlled the stock market this week (Emperor Jensen provided the boost pumping chips and storage stocks) and utes controlled the price action today.
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