STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant is on the short side since last Friday morning. The algo continues oscillating from side to side as the sideways chop continues in stocks. Semiconductors have bolted to the forefront as the key parameter for market direction; watch the SOX 983.05 level this week. It failed at the open today (collapsing lower to 969) and has created the bulk of the stock market weakness in the session. Bulls need to push SOX above 983.05 to stop the bleeding. Bears are firmly in the driver's seat with SOX under 983.

On the last trade, the computer model and actual trading are both flat. The SPX benchmark is up +5.3% on the year. The algo is up nearly a percent this year while the actual trading remains negative down -3% so far this year. Keybot exited SPY and entered PSQ.

The bears are in control with the algo number 18 points below the signal line. Keybot prints a pre-scheduled number tomorrow morning. Markets are closed on Friday for Good Friday and the Easter weekend.

4/16/17; 7:00 PM EST =

4/13/17; 10:00 AM EST =

4/12/17; 9:36 AM EST = +38; signal line is +56

4/11/17; 3:59 PM EST = +54; signal line is +56

4/11/17; 9:46 AM EST = +38; signal line is +56

4/9/17; 7:00 PM EST = +54; signal line is +56

4/7/17; 11:30 AM EST = +54; signal line is +56

4/7/17; 11:12 AM EST = +40; signal line is +56

4/7/17; 10:43 AM EST = +54; signal line is +57

4/7/17; 10:36 AM EST = +40; signal line is +58; go short 2358; (Benchmark SPX for 2017 = +5.3%)(Keybot algo this trade = -0.2%; Keybot algo for 2017 = +0.7%)(Actual results this trade = -0.2%; Actual results for 2017 = -2.9%)

4/7/17; 10:04 AM EST = +54; signal line is +60 but algorithm remains long

4/7/17; 9:36 AM EST = +40; signal line is +60 but algorithm remains long

4/7/17; 9:00 AM EST = +56; signal line is +59 but algorithm remains long

4/6/17; 2:52 PM EST = +56; signal line is +58 but algorithm remains long

4/6/17; 1:29 PM EST = +70; signal line is +57; go long 2363; (Benchmark SPX for 2017 = +5.5%)(Keybot algo this trade = -0.3%; Keybot algo for 2017 = +0.9%)(Actual results this trade = -0.4%; Actual results for 2017 = -2.7%)