STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant is short and the algo is very active printing six numbers in the hump day session. The Nazzy indexes and Russell 2000 print new all-time record highs. Ditto FB, AMZN, NFLX, GOOGL and QQQ. The future appears so bright that you have wear shades.

Alas, Keybot remains bearish and the algo number never printed above the signal line on Wednesday. Markets are exhibiting very odd action.

The bulls need either XLF above 27.71 and/or GTX above 2690. If XLF turns bullish and the SPX is printing above 2775, Keybot may flip long. Another possible outcome is that GTX turns bullish but it jogs above and below that key 2690 level a couple of times. If you see this behavior, the algo is likely setting up to flip long.

The stock market bears simply need to keep the banks and commodities bearish. At the same time, bears need to push NYA under 12647 which will flush the stock market lower.

UTIL 691.82 is key for all of next week. UTIL is at 688. Watch this into the Friday close. If UTIL ends the week sub 692, stocks will likely be weak out of the gate on Monday. If UTIL finishes this week above 692, that indicates the bulls will rally the stock market next week.

For Thursday, the bulls need XLF above 27.71 and GTX above 2690 while bears need NYA under 12647. If either XLF or GTX turns bullish, consider the imminent turn notation to be in the title line. The beat goes on.

6/24/18; 7:00 PM EST =

6/20/18; 2:20 PM EST = +38; signal line is +54

6/20/18; 2:04 PM EST = +52; signal line is +55

6/20/18; 11:24 AM EST = +38; signal line is +55

6/20/18; 10:28 AM EST = +24; signal line is +56

6/20/18; 10:01 AM EST = +38; signal line is +56
6/20/18; 9:36 AM EST = +52; signal line is +56

6/19/18; 10:48 AM EST = +24; signal line is +56