STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant is short.  The semiconductors created market negativity yesterday and will continue to do so if SOX remains under 395.50. UTIL creeped upwards but remains far away from 478.48 and after the close today and for all next week, the utility comparison number will move even higher to 483.05, so UTIL has a tall order to fill in the coming days if the bulls want to move above these levels to move markets higher. For today, simply pay attention to SOX 395.50, below and markets will move sideways with a downward bias, if SOX moves above 395.50, the markets will move sideways with an upward bias.

For the SPX today starting at 1460, the bulls have an easy road today only needing to gain a point higher to print up over 1461 and that will create an acceleration move higher today to test the 1464-1465 in short order.  The bears need to push under 1450 to accelerate a downside move. The futures favor the bull path at this writing.  A move thru 1451-1460 is sideways action.  Markets remain unstable.

9/23/12; 7:00 PM EST =

9/20/12; 12:08 PM EST = +44; signal line is +60

9/20/12; 10:59 AM EST = +60; signal line is +61