STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains long printing four numbers in the Monday session. The bears flex their muscles and attack the bulls but are slapped back. Utilities ruptured causing the softness in stocks yesterday but the bulls pull utes back into their camp to end the day.

Thus, same-o thing is on tap only now you know that utilities are definitely the stock market direction driver right now. Also volatility. Bears need UTIL below 832.49 to create trouble. If UTIL fails at 832.49, and the SPX falls below 3777 trending lower, Keybot the Quant will likely flip short. If stocks fall but the utilities do not, stocks will recover. If stocks rally and utes fail, stocks will turn around and selloff.

If UTIL loses 832.49, consider that to be red lights flashing. If UTIL 825 fails, the stock market could go into free fall. At the least, there will probably be a 20 to 40 point drop in the SPX within an hour after the 825 failure occurs, should it occur.

Bears need VIX above 25.17 to create market mayhem. Bulls are fine as long as the VIX remains below 25.17. Above 25.17, and the wheels will fall off the stock market. If VIX moves above 25.17, and the SPX falls below 3777 trending lower, Keybot the Quant will likely flip short. If utes have failed too, stocks will be dropping like rocks.

Bulls simply have to keep VIX sub 25.17 and UTIL above 832.49; bears are battling otherwise. The VIX is at 23.66 with S&P futures slipping negative. Futures turn sour over the last few minutes about 4 hours before the opening bell on Wall Street.

1/15/21; 10:00 AM EST =
1/12/21; 1:17 PM EST = +67; signal line is +61
1/12/21; 12:56 PM EST = +51; signal line is +61 but algorithm remains long
1/12/21; 12:48 PM EST = +67; signal line is +62
1/12/21; 12:12 PM EST = +51; signal line is +62 but algorithm remains long
1/10/21; 7:00 PM EST = +67; signal line is +63