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

Keybot the Quant is short moving into the Wednesday session of trading. Semi's and financials rule the roost. Bears need SOX under 563.10 to regain their mojo. Bulls need XLF above 21.77 to lock in the market upside and substantiate the upside market rally. If the XLF moves above 21.77, and the SPX prints above 1844, and both stay above, Keybot will likely flip long. Thus, pay close attention to bank earnings moving forward since they will impact markets in a major way.

For the SPX starting at 1843, the bulls need to push up through 1844, only one single point, to accelerate higher so watch the overnight S&P futures to see if the bulls receive the positive nod. The bears need to drop under 1816 to regain their mojo; a formidable task that is 27 points lower. Instead, the bears will simply try to create weakness in financials and semiconductors to halt the market upside. A move through SPX 1817-1843 is sideways action for Wednesday. Keybot prints a pre-scheduled number in the morning before the opening bell. The bears are in control but the bulls are making a strong move higher.

4/20/14; 7:00 PM EST =

4/16/14; 9:00 AM EST =

4/15/14; 1:51 PM EST = +17; signal line is +23