STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short moving into the Wednesday session. The market bears will receive downside juice if SOX drops under 457.20. The market bulls will receive upside fuel if XLF moves above 19.19. Further upside market fuel will occur if RTH moves above 51.48 and/or UTIL 481. The move from the bear camp to the bull camp for XLF 19.19, RTH 51.48 and UTIL 481.00 determines the strength of any recovery rally.

For the SPX starting at 1588, the bulls need to touch the 1594 handle and it is off to the races higher with a test of the 1597-1600 resistance zone occurring quickly. The bears need to push under 1577 to accelerate the selling. A move through 1578-1593 is sideways action. S&P futures are +2 about five hours before the U.S. open.

6/28/13; 10:00 AM EST =

6/25/13; 10:37 AM EST = -27; signal line is +8

6/25/13; 10:11 AM EST = -43; signal line is +9