STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant is short as the Tuesday session is underway.  The NYA immediately jumped above 7738 which creates market positivity. The XLF remains above 14.40 also in the bull camp. Likewise, the VIX is well under 18.75, under 18 in fact.  Note how the algo is now only seven points from the signal line so the bulls are trying to push things higher. The SPX touched the 1355 handle so the upside acceleration kicked in, the HOD thus far is 1361.54, quite a pop. The bulls need copper, commodities or semiconductors to cooperate to verify the leg higher and a continued move up, but so far today, that is not on tap. Keybot remains bearish despite the market bounce.

7/15/12; 7:00 PM EST =

7/13/12; 10:00 AM EST =

7/10/12; 9:30 AM EST = +30; signal line is +37

7/9/12; 2:59 PM EST = +16; signal line is +38

7/9/12; 2:40 PM EST = +0; signal line is +38