STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short after another wild trading session. The quant prints 10 numbers in the Friday trade with the bears remaining in control of the stock market direction with the algo number 14 points below the signal line.

The bears were salivating at about 2 PM EST a couple hours before the closing bell. Equities were on the cliff-edge of flushing perhaps crashing lower. The critical SPX 3001-3006 area ruptured so it was all over but the crying. Alas, the central bankers ran to the rescue, as usual, and attacked the VIX jamming it lower, pumping stocks higher, into the closing bell to save the day. Bulls and bears regroup this weekend. Is a Black Monday in store?

The bulls goosed the banks to stabilize the stock market. The drama will pick up on Monday where it left off on Friday with three main parameters, three little birds, impacting stock market direction; the SPX 3001-3006 level, the banks and volatility. SPX and XLF are in the bull camp creating positivity for stocks while the VIX is in the bear camp creating negativity for equities. The caution flag is out since the price action remains erratic and unstable and is becoming dicey.

6/14/20; 7:00 PM EST =

6/12/20; 2:31 PM EST = -7; signal line is +7

6/12/20; 2:15 PM EST = -21; signal line is +9

6/12/20; 1:52 PM EST = -37; signal line is +11
6/12/20; 1:51 PM EST = -21; signal line is +13

6/12/20; 10:18 AM EST = -7; signal line is +15

6/12/20; 10:08 AM EST = +7; signal line is +15

6/12/20; 10:00 AM EST = -7; signal line is +16

6/12/20; 9:55 AM EST = -7; signal line is +17

6/12/20; 9:46 AM EST = +7; signal line is +18

6/12/20; 9:36 AM EST = -7; signal line is +19

6/11/20; 2:58 PM EST = -23; signal line is +20