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

Keybot the Quant remains on the short side through the stock market choppiness. UTIL finishes last week above 692 which is a key metric for all of this week and a feather in the bull's cap but during the last couple minutes of trading on Friday, the NYA failed at the 12648 level a feather in the bear's cap.

There are lots of moving parts impacting market direction currently. To boil it down to something simple, bears need lower utes, chips and commodities while bulls need the NYA back above 12648. If the NYA turns bullish and the SPX moves above 2764, Keybot will likely flip long, hence the imminent turn notation in the title line.

Stock market bears need UTIL under 692, SOX under 1370.63 and/or GTX under 2694. Any one of the parameters flipping bearish will create weakness in equities. Two parameters turning bearish and stocks will be sliding dramatically lower. If all three turn bearish, stocks may go into free fall. The SOX came down to tease the 1370-1371 key level identified by Keybot both on Thursday and Friday but did not fail. Pay attention to the semiconductors because if SOX fails below 1370-1371, stocks will likely collape down the rabbit hole. Bulls will be very happy if the SOX does not fail.

Keybot prints pre-scheduled numbers this week on Tuesday and Friday. The EOM is Friday. Bears are cheering for SOX to fail at 1370-1371 which will create market mayhem. Bulls are cheering for the NYA to move above 12648 which will paint a rosy picture for the stock market ahead.

7/1/18; 7:00 PM EST EOM EOQ2 EOH1 =

6/29/18; 10:00 AM EST =

6/26/18; 10:00 AM EST =

6/24/18; 7:00 PM EST = +38; signal line is +49

6/22/18; 3:59 PM EST = +38; signal line is +50

6/22/18; 10:57 AM EST = +52; signal line is +51 but algorithm remains short

6/22/18; 10:43 AM EST = +36; signal line is +51
6/22/18; 9:36 AM EST = +52; signal line is +53

6/21/18; 9:36 AM EST = +24; signal line is +53
6/20/18; 2:20 PM EST = +38; signal line is +54