STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short after another crazy day of price action. Utes and chips are the main attraction today and both fail into the bear camp creating stock market negativity. The bears remain in charge with the algo number 26 points below the signal line.

Stock market direction is dictated by the battle between bearish utes, chips and banks versus bullish copper and commodities. Doctor Copper and other important goods commodities are keeping the stock market afloat but both are near their lines in the sand.

The bull/bear lines in the sand are UTIL 1113.47 (tomorrow only and then it becomes 1103.18 for all of next week), SOX 6608, XLF 52.55, CPER 30.62 and GTX 3860, respectively.

The bears need to keep utes, chips and banksters in their camp, that will create more negativity each day, while at the same time pull CPER below 30.62 and/or GTX below 3860. If 1 of the 2 turn bearish, stocks will take another big leg lower, if both turn bearish, turn out the lights, The Party's Over as Willie sings. Equities will be falling in earnest. If UTIL loses 1051, the stock market may crash.

The bulls need to keep copper and commodities in their camp, they have to keep the red metal bullish due to its impact on the economy, while at the same time push UTIL back above 1113.47, XLF above 52.55, and/or SOX above 6608. Any 1 of the 3 will immediately stop the downward slide in stocks and 2 of the 3 will start a relief rally higher. If all 3 turn bullish, stocks will rally like early this morning and will not give it back like they did today. If 2 of the 3 parameters turn bullish, consider the imminent turn to the long side to be in play.

The table is set but boiling it down to something easy, bears will create more pain if copper futures lose -0.5% overnight, and bulls will create stock market joy if UTIL regains 1113.47; copper versus utes.

Also, as the week ends, check UTIL to see where it closes tomorrow in relation to the key line in the sand next week at 1103. If UTIL ends the week above 1103, the bulls are regrouping and may stage a comeback next week. If UTIL ends the week below 1103, especially below 11 hundo, the bears are going to bludgeon the bulls out of the gate on Monday morning. Having fun yet? Cyndi likes to have fun. Back in the days of calling your honey on the telephone.

11/23/25; 7:00 PM EST =
11/21/25; 10:00 AM EST =
11/20/25; 12:02 PM EST = -19; signal line is +7
11/20/25; 12:00 PM EST = -3; signal line is +9
11/20/25; 9:36 AM EST = +13; signal line is +9 but algorithm remains short
11/20/25; 9:00 AM EST = -3; signal line is +10
11/19/25; 2:57 PM EST = -3; signal line is +10
11/19/25; 2:12 PM EST = -19; signal line is +12
11/19/25; 1:10 PM EST = -3; signal line is +13
11/19/25; 12:06 PM EST = -19; signal line is +14
11/19/25; 10:50 AM EST = -3; signal line is +15
11/19/25; 9:49 AM EST = +13; signal line is +16
11/19/25; 9:00 AM EST = -3; signal line is +16
11/18/25; 2:02 PM EST = -3; signal line is +17