STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains bearish and motors along today without printing any numbers. Utilities, retail and financials all remain weak, and volatility is elevated, so the bears cruise. Watch UTIL 483.16, XLF 20.12 and GTX 4827. Utes and financials are causing market bearishness while commodities are causing bullishness. Scroll back to prior posts and note the discussions on the UTIL 50-week MA trap-door. The UTIL trap-door opened on Friday creating almost 20 points of downside into Monday but the utilities recovered. Then the trap-door opened again on Tuesday and this results in the drop from 1658 to 1642, 16 handles, so far. Markets conditions should deteriorate moving forward if UTIL stays under 483.16. The bears need to push GTX under 4827 to receive more downside fuel. The bulls need to move either UTIL above 483.16, or XLF above 20.12, and a recovery rally will be underway.

For the SPX, starting at 1643, the bulls need to touch the 1657 handle and the upside will accelerate with a recovery rally likely. The bears need to push under 1640 and the downside will accelerate. A move through 1641-1656 is sideways action.

8/25/13; 7:00 PM EST =

8/20/13; 2:34 PM EST = -15; signal line is +6

8/20/13; 2:22 PM EST = +1; signal line is +9