STOCK MARKET BEARISH -- SHORT

Keybot the Quant is short with the algo number now 55 points under the signal line. What a difference a day makes. Obviously, today was a special day in markets with large market losses and technical damage occurring. RTH 51.46 and XLF 19.27 folded like a cheap suit. Retail and financials remain key since these two will tell you if the bulls are mounting a relief rally, or not.  Thus, the bulls need either RTH 51.46 or XLF 19.27 to signal the market path higher. The algo is now tracking semiconductors. Watch SOX 456.10, now at 459.72 creating market bullishness. Equities will take another leg lower if SOX 456.10 gives way.

For the SPX starting at 1588, the bears need a four-point drop through 1584, and another acceleration move lower is on tap, likely to tap the strong 1576 support. The bulls are trying to stop the bleeding and will do that with RTH 51.46 or XLF 19.27. Bears need SOX 456.10.

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

6/20/13; 2:48 PM EST = -29; signal line is +26

6/20/13; 2:18 PM EST = -13; signal line is +27

6/20/13; 9:30 AM EST = +3; signal line is +29; go short 1625; (Benchmark SPX for 2013 = +14.0%)(Keybot this trade = -0.8%; Keybot for 2013 = +6.0%)(Actual this trade = -1.4%; Actual for 2013 = +3.7%)