STOCK MARKET BEARISH -- SHORT -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant is bearish through the weekend. The increased volatility is causing ever-larger point swings in the broad indexes. The algo is most fixated on two parameters; utilities and commodities. Watch UTIL 488.48 and GTX 4763. If UTIL jumps above 488.48 after the opening bell, the bulls got game. If the GTX drops under 4763, the bears got game.

For the SPX starting at the strong 1626-1627 support/resistance, the bulls need to push above 1640 and the upside will accelerate for a test at 1649-1650 resistance. The bears need to push under 1624 to signal the all-clear for accelerated downside. The SPX will drop to test 1618 then 1614. A move through 1625-1639 is sideways action to begin the week. Keybot wants to flip long but the internal programming rules are not aligned properly to trigger the move. If the SPX moves above 1641, Keybot will likely flip long. If GTX drops under 4763 that will tell you immediately that the bears will be favored in Monday trading and the flip to the long side may be taken off the table. Keybot prints one pre-scheduled number this week on Tuesday morning. The markets remain erratic and unstable and can move either way; use UTIL 488.48 and GTX 4763 as key metrics to gauge market direction.

6/23/13; 7:00 PM EST =

6/18/13; 9:00 AM EST =

6/16/13; 7:00 PM EST = +49; signal line is +31 but algorithm says stay short

6/14/13; 10:00 AM EST = +49; signal line is +30 but algorithm says stay short