STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant begins the Tuesday session on the bear side after the wild down day yesterday. The bulls will try to retrace the 23-point drop in the SPX, a formidable task, but instead will be happy to simply send the RTH above 60.03 and/or UTIL above 494.12. Either of these two will stop the market down slide. If retail and utilities remain bearish, respectively, and the bears either send JJC under 40.40 and/or the VIX above 13.90, the market downside will receive further fuel and equities will take another strong leg lower.

For the SPX starting at 1819, the bulls will simply focus on sending utilities and retail higher to stop the market selling. The bears need to push under 1816, only about 3 points lower, to accelerate the downside to 1808 and 1803 support. A move through 1817-1842 is sideways action today. S&P futures are +3. Markets remain erratic and unstable. Watch the RTH 60.03 level at the opening bell for an immediate read on the markets.

1/19/14; 7:00 PM EST =

1/17/14; 10:00 AM EST =

1/17/14; 9:00 AM EST =

1/13/14; 2:28 PM EST = +33; signal line is +44; go short 1827; (Benchmark SPX for 2014 = -1.1%)(Keybot this trade = -0.5%; Keybot for 2014 = -0.7%)(Actual this trade = -1.1%; Actual for 2014 = -1.7%)