STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short but the bulls keep battling. Stocks sold off in the afternoon but you knew the bears had nothing since the SOX would not drop under 672.36. The algo is tracking semiconductors and the NYA Index. If the NYA moves above 10805, Keybot will likely flip long. If the SOX drops under 672.36, the bears are going to start selling the market hard. If the SOX remains above 672.36 and the NYA under 10800, stocks will trade sideways choppy with  a slight upward bias.

For the SPX for Thursday starting at 2032, the bulls need to push above 2038 and boom, the upside will accelerate to 2046. The bears need to push under 2012 to accelerate the downside to 2002-2003. A move through 2013-2031 is sideways action. ECB President Draghi will explain the new QE program tomorrow at the press conference at 8:30 AM EST (one hour before the opening bell) so monitor the S&P futures at that time to note the market reaction.

1/25/15; 7:00 PM EST =

1/21/15; 10:19 AM EST = +22 signal line is +25