STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short with the algo number now 60 points below the signal line. The bears are cruising with their feet, er paws, up on the dashboard. The stock market sh*t the bed since the back half of last week.

Yesterday, chips, utes and the NYA index remain bearish insuring that the bearish malaise will continue. Bulls better push UTIL above 975 or there will be Hell to pay going forward.

Bears need higher volatility and weaker copper to continue the stock market sell-off. It is interesting that despite the weakness the last few days, the VIX is not shooting higher. Bears must push VIX above 24.96 to prove that carnage will occur. If the bulls can continue to prevent VIX 24.96 from occurring, stocks will start to recover.

Bears need CPER below 22.38 now at 22.73. This equates to a -1.5% drop in copper futures now trading up +0.2% so now the bears need a -1.7% drop in the red metal futures. If volatility and copper remain in the bull camp and will not turn sour, the stock market will recover.

12/25/22; 7:00 PM EST =
12/23/22; 10:00 AM EST =
12/21/22; 10:00 AM EST =
12/20/22; 9:00 AM EST = -49; signal line is +11
12/18/22; 7:00 PM EST = -37; signal line is +14