STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short. The bears are growling taking the stock market lower by pushing volatility higher and the NYA Index lower. The algo number is 38 points below the signal line so the bears are cruising.

The bears next have their sights on the banks. The bears must push XLF under 27.62 (now at 27.74) to continue the stock market rout.

The bulls have to reverse today's mayhem if they expect to right the ship. The bulls need to push the VIX below 14.15 (now at 14.64) and/or NYA above 12738.80 (now at 12723) to stop the stock market selloff. Since the NYA Index is only 15 bucks on the bear side, watch this like a hawk at the Thursday opening bell. If the bulls cannot push the NYA back above 12739-ish, not only are they in for another long day of selling but on a weekly basis the stock market will remain weak.

Keybot prints a pre-scheduled number at 9 AM EST. The beat goes on.

8/17/18; 10:00 AM EST =

8/16/18; 9:00 AM EST =

8/15/18; 9:48 AM EST = +26; signal line is +64

8/15/18; 6:45 AM EST = +40; signal line is +66

8/14/18; 9:55 AM EST = +54; signal line is +67