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

Keybot the Quant remains short but is champing at the bit to go long. The algo was active on Friday printing eight numbers. The algo number is 7 points above the signal line so the model wants to flip to the bull side, however, the internal parameters are not yet fully latched to permit the move.

The SPX begins Monday trading at 2736. If the bulls can find 11 points and push the S&P 500 above 2747, Keybot will likely flip long, hence the imminent turn notation is in the title line.

You saw the utilities rally on Friday, and also copper, so you knew the bulls had the day in hand. UTIL ends last week at 729 above the 723.51 bull/bear line in the sand in play for the week ahead so the bulls receive upside strength. Bears will growl if UTIL loses 723.51.

Next week can be set up after the Sunday number prints. Utilities, copper and banks are key. Bulls will need stronger banks to kick a relief rally into high gear. Bears need weaker utes and copper to bring on more downside carnage.

11/18/18; 7:00 PM EST =

11/16/18; 3:21 PM EST = -4; signal line is -11 but algorithm remains short

11/16/18; 12:36 PM EST = -20; signal line is -10

11/16/18; 11:45 AM EST = -36; signal line is -9

11/16/18; 10:16 AM EST = -20; signal line is -6

11/16/18; 10:01 AM EST = -36; signal line is -6
11/16/18; 9:53 AM EST = -20; signal line is -5

11/16/18; 9:51 AM EST = -4; signal line is -5 but algorithm remains short

11/16/18; 9:36 AM EST = -20; signal line is -5

11/14/18; 11:05 AM EST = -36; signal line is -4