STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains bearish. In the Friday session, the bulls are unable to elevate the chips and the bears are unable to sink the NYA or push volatility higher, so the stock market staggers along with a slight upward bias.

The stock market is bifurcated with parameters such as utilities, banks and volatility uber bullish while chips, copper and commodities are uber bearish. Since semiconductors collapsed late last week, it is interesting, and difficult, for the bulls to continue the stock market rally. Chips, banks and volatility will probably dictate stock market direction next week.

8/19/18; 7:00 PM EST =

8/17/18; 10:00 AM EST = +54; signal line is +60

8/16/18; 9:36 AM EST = +54; signal line is +60