STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant is short moving into the Thursday session. The algo idled along for the remainder of Wednesday without printing any additional numbers after the flip to the short side. The market bulls need to send utilities and/or commodities higher to reverse the down move in the broad indexes, so watch UTIL 480.94, UTIL 481.39 (now at 478.04) and GTX 4758 (now at 4709). Markets will steadily recover to the upside if these levels are attained.  For the bears, more downside market fuel will occur with SOX (semiconductors) dropping under 454.85 (now at 458.33) and/or XLF 19.25 (now at 19.44).

For the SPX starting at 1613, the bears only need two points lower, to drop under 1611, and the downside will accelerate towards 1600. The bulls have a tougher road ahead for today, needing to push the SPX up to 1638 to stop the market slide and regain upside momentum, a formidable task but not impossible. A move through 1612-1637 is sideways action today. If the utilities sector recovers and the algo moves towards the bull side wanting to go long, Keybot will likely not flip long today unless the SPX 1638+ is attained. The bears are driving the bus. S&P futures are -8 about three and one-half hours before the U.S. opening bell. Markets remain very erratic and unstable.

6/16/13; 7:00 PM EST =

6/14/13; 10:00 AM EST =

6/12/13; 11:51 AM EST = +4; signal line is +28; go short 1622; (Benchmark SPX for 2013 = +13.7%)(Keybot this trade = -0.7%; Keybot for 2013 = +7.8%)(Actual this trade = -1.4%; Actual for 2013 = +7.1%)