STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short with the algo number 26 points below the signal line. The bears are cruising. Volatility, copper, commodities and chips are all that matter. Doctor Copper is lying on a gurney receiving intravenous fluids.

VIX 13.80 is the bull/bear line in the sand so the bears appear to be comfortable at wreaking havoc beginning the new week at 16.52. Bulls got absolutely nothing unless they can push the VIX back below 13.80.

GTX 3685 (commodities), SOX 5372 (semiconductors) and RTH (retail stocks; Scamazon) 205.02 are key bull/bear lines in the sand that the quant is tracking currently. These Three Stooges will tell the tale in the days ahead. GTX and SOX are in the bear camp while RTH is in the bull camp.

Bears need VIX, GTX and SOX to  remain in the bear camp while dragging RTH below 205.02 to create stock market carnage and blood on the sidewalks of Wall Street.

Bulls need either VIX below 13.80, GTX above 3685, and/or SOX above 5372 to stop the stock market selling. Any 1 of the 3 will be enough to stall the down slide in stocks. If 2 of the 3 flip into the bull camp, the bulls will be in position to win back market leadership. Bulls are toast if volatility, commodities and chips remain bearish and weaken further. Bulls must hold the line with RTH 205.02, otherwise they will be slashed severely by the bear claws.

The chips failed on Friday creating the leg lower in stocks. Thus, watch SOX 5372 like a hawk. You can check semi names in the pre-market to gauge where the index is headed; also check SMH and XSD. The bulls need Jensen (NVDA) to spray paint a Cheerio's box black and wave it in the air telling everyone another new chip is on the way to save the stock market.

RTH only needs to drop about a half percent to create more stock market mayhem. AMZN is soiling the sheets dropping from over 200 to 180 in only 7 days, now at 183, teasing a -10% correction perhaps on its way to a -20% bear market. Amazon's trading in the pre-market will likely dictate where RTH goes after the opening bell.

There is likely an exciting week ahead and it will be interesting too see what the 1's and 0's do. Keybot prints a pre-scheduled number on Friday morning. Watch the chips and retail stocks.

A bear wants retail stocks and Scamazon to collapse to guarantee more stock market carnage. A bull wants the semiconductors to recover immediately and start rallying again to save the day.

8/4/24; 7:00 PM EST =
8/2/24; 9:00 AM EST =
7/31/24; 7:00 PM EST EOM =
7/30/24; 10:00 AM EST =
7/28/24; 7:00 PM EST =
7/26/24; 10:00 AM EST =
7/21/24; 7:00 PM EST = +1; signal line is +27
7/19/24; 10:24 AM EST = +1; signal line is +29
7/18/24; 3:39 PM EST = +17; signal line is +31
7/18/24; 2:45 PM EST = +1; signal line is +31
7/18/24; 2:10 PM EST = +17; signal line is +33
7/18/24; 1:52 PM EST = +31; signal line is +34
7/18/24; 12:37 PM EST = +17; signal line is +35
7/18/24; 11:15 AM EST = +1; signal line is +36
7/18/24; 9:36 AM EST = +17; signal line is +37
7/17/24; 2:26 PM EST = +31; signal line is +38