STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short moving into the new week of trading. The bulls need to push NYA above 10845 and/or UTIL above 573.07 to stop the market selling and mount a substantive recovery rally. If both turn bullish, and the SPX prints above 2101, Keybot will likely flip long. The bears need either VIX above 15.80 or XLF under 24.12 to create more selling pressure in stocks.

For the SPX starting at 2071, the bulls need to push above 2101 to accelerate the upside. The bears need to push under 2067 to accelerate the downside. A move through 2068-2100 is sideways action. The bears are driving the bus to begin the week. If either NYA or UTIL turn bullish consider the caution flag to be in play. If both turn bullish consider an imminent turn back to the long side to be in play. At the opening bell, watch NYA 10845 like a hawk since it will tell you the broad market direction answer. NYA begins at 10842 only three bucks on the bear side. If NYA turns bullish stocks will be buoyant and the bears will be unable to push lower.

3/15/15; 7:00 PM EST =

3/13/15; 10:00 AM EST =

3/8/15; 7:00 PM EST = +22; signal line is +57

3/6/15; 3:39 PM EST = +22; signal line is +58