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

Keybot the Quant remains short but is champing at the bit to go long with the new trading week off and running. The bulls are goosing the retail stocks and banks to create the upside joy. Interestingly, the chips remain in the bear camp.

If the SOX moves above 1827 (now at 1810), or, if the SPX moves above 3282 (now at 3262), Keybot the Quant would likely flip long. Either condition would likely create the bull go-signal to go long.

Bears need to push the XLF below the 30.26 bull-bear line in the sand (now at 30.42) to regain control of stock market direction to the downside. Bulls need stronger chips while bears need weaker banks. Who will win?

2/7/20; 9:00 AM EST =

2/3/20; 9:43 AM EST = +40; signal line is +36 but algorithm remains short

2/3/20; 9:36 AM EST = +24; signal line is +35

2/2/20; 7:00 PM EST EOM = +8; signal line is +35