STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short. Parameters are very negative but the major stock indexes remain buoyant. This is testimony to the power of central bankers. Financials remain key. Watch XLF 24.62 (now at 24.54 in the bear camp). Stocks will rally if XLF moves above 24.62 and weaken if XLF stays under 24.62. Watch SPX 2050 which will provide market bears with strong downside fuel if it fails. If SPX stays above 2050 and XLF under 24.62, stocks will stagger sideways.

For the SPX starting at 2069 on Tuesday, the bulls need to touch the 2079 handle and bingo, an upside acceleration will occur. S&P futures are +10 with the open about five hours away which would test the key upside target. The bears need to push under 2058 to create a downside acceleration that will immediately test the critical 2050 level highlighted above. The bears are cruising. Bulls can begin to stage a recovery if XLF moves above 24.62.

7/12/15; 7:00 PM EST =

7/6/15; 9:36 AM EST = -38; signal line is -4

7/5/15; 7:00 PM EST = -22; signal line is -1