STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short. The wild and erratic market action continues. The algo printed four numbers yesterday as the bull-bear sideways struggle continues. Semiconductors were in charge yesterday and the SOX 673.82 bull-bear level remains key. Bulls need to push SOX above 673.82 to stop the broad market selling; SOX begins at 666. The bears will create further downside fuel with RTH under 70.50 but price remains at a lofty 72. So bulls need higher chips and bears need lower retail stocks.

For the SPX starting at 2002, the bears need less than one point lower, under 2001.50, and the downside will accelerate. S&P futures are +1 about five hours before the opening bell jumping to +4 as this message is typed. The bulls need to push the SPX above 2042, a formidable task, so instead bulls will focus on pushing SOX above 673.82 to signal an end to the broad market selling. The bears are driving the bus but each day is a coin-flip.

1/30/15; 10:00 AM EST =

1/28/15; 2:26 PM EST = +10; signal line is +24

1/28/15; 11:34 AM EST = +26; signal line is +24 but algorithm remains short

1/28/15; 11:21 AM EST = +10; signal line is +23

1/28/15; 9:36 AM EST = +26; signal line is +23 but algorithm remains short

1/27/15; 3:02 PM EST = +10; signal line is +23