STOCK MARKET BEARISH -- SHORT

Keybot the Quant is short moving into the new week of trading. Utilities, commodities and semiconductors are dictating market direction currently. Watch UTIL 494.50 and 496.05. If the bulls can push UTIL back above 494.50, the market selling will cease. Ditto if GTX moves above 4780 so these two goals are the focus for the market bulls. The bears need to keep UTIL under 494.50 since this will dictate market mayhem moving forward. Bears will also try to move SOX under 522 since this will create another strong leg lower for the broad indexes.

For the SPX starting at 1790, the bulls need to retrace Friday's down move, a formidable task. Instead, the bulls will simply try to stop the bleeding by sending UTIL above 494.50 and/or GTX above 4780. The bears need to simply push the SPX any amount lower, a few pennies, and that will continue the downside selling several handles lower, likely to the 1781 support. Watch the overnight futures since any hint of negativity will create the acceleration lower. A move through 1791-1826 is sideways action. Keybot prints two pre-scheduled numbers this week one on Tuesday morning and one on Friday morning. The EOM is Friday. The bears are cruising with the algo number 52 points below the signal line.

2/2/14; 7:00 PM EST EOM =

1/31/14; 10:00 AM EST =

1/28/14; 10:00 AM EST =

1/26/14; 7:00 PM EST = -14; signal line is +38

1/24/14; 1:59 PM EST = -14; signal line is +39