STOCK MARKET BEARISH -- SHORT -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains short. The algo prints one number during the session with the algo number only one point under the signal line and the pre-scheduled number this evening to close out the month and quarter results in a dead tie with the algo and signal line numbers. This behavior verifies that the bulls and bears are battling and in a stalemate. One side or the other will likely emerge victorious tomorrow. Looking at the internal parameters in the program, the algorithm does not appear to want to flip long at tomorrow's (Thursday) opening bell but that may change by the time the open comes around; the model likely wants to see more oomph from the bulls.

Keep watching UTIL 569.68 and also 589.40 which would light the way higher for stocks. UTIL under 569.68 will usher in market weakness. Bulls will receive strength if JJC moves above 28. Another hint of a further rally would be if volatility drops and semiconductors pop.

For the SPX starting at 1920, the bulls need to touch the 1921 handle and an upside acceleration will quickly occur into the mid to upper 1920's. So watch the S&P futures overnight to see if the bulls can muster up one positive point. The bears need to push the SPX under 1887, a formidable task, so instead the bears will focus on pushing utilities, copper and chips lower and volatility higher. A move through 1888-1920 is sideways action for Thursday. Markets are very erratic and unstable and with the algo number and signal line both at -43, flip a coin. The 1's and 0's will probably make a decision tomorrow; UTIL 569.68 is important.

10/4/15; 7:00 PM EST =

10/2/15; 9:00 AM EST =

9/3015; 7:00 PM EST EOM EOQ3 = -43; signal line is -43 but algorithm remains short

9/30/15; 10:02 AM EST = -43; signal line is -42

9/29/15; 10:08 AM EST = -59; signal line is -41

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short. The algo prints two numbers today. The bears remain in control. The bulls pushed UTIL above 569.68 in the early going on Tuesday in concert with the stock market moving higher but the bulls ran out of gas. Keep watching UTIL 569.68.

For the SPX starting at 1884, the bulls need to push above 1899 to accelerate the upside several handles above 1900. The bears need to push under 1872 to accelerate the downside. A move through 1873-1898 is sideways action for Wednesday. Wednesday is the EOM and EOQ3. September began at 1972 so a negative month will print.

Watch UTIL 569.68 especially if price moves above, then after a short while back below, then after a short while back above, this is important since it would  hint that the market bulls are starting to stage a comeback rally. The bulls need to move the algo number above the signal line to create the conditions to flip the algo to the long side and one way that can be accomplished is by the bulls walking utilities above and below the UTIL 569.68 level until the algo number moves above the signal line.

10/4/15; 7:00 PM EST =

10/2/15; 9:00 AM EST =

9/3015; 7:00 PM EST EOM EOQ3 =

9/29/15; 10:08 AM EST = -59; signal line is -41

9/29/15; 10:00 AM EST = -43; signal line is -40

9/28/15; 1:59 PM EST = -59; signal line is -39

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short as the algo is active today printing five numbers. The bears slap the bulls around to begin the week. Markets were only marginally lower but once UTIL lost the battle with 569.68 it was all over but the crying. Use UTIL 569.68 as a guide for Tuesday. Bulls need to push above to prove that the broad market selling is over. Bears must keep utilities weak to send stocks lower.

For the SPX starting at 1882, the bulls need to return to 1929 to regain their mojo, a formidable task so they will instead focus on pushing utes higher to at least stop the downward slide in stocks. The bears need to push under 1879 to accelerate equities lower. A move through 1880-1928 is sideways action. Keybot prints a pre-scheduled number tomorrow morning.

9/3015; 7:00 PM EST EOM EOQ3 =

9/29/15; 10:00 AM EST =

9/28/15; 1:59 PM EST = -59; signal line is -39

9/28/15; 1:07 PM EST = -43; signal line is -38

9/28/15; 12:35 PM EST = -59; signal line is -38

9/28/15; 11:53 AM EST = -43; signal line is -37

9/28/15; 11:32 AM EST = -59; signal line is -37

9/27/15; 7:00 PM EST = -43; signal line is -37

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short moving into the new week of trading. The bulls could not push retail stocks or copper higher on Friday so the upside in stocks ran out of gas and reversed in the afternoon. The bulls did succeed, however, in pushing UTIL above the 569.68 bull-bear level which is critical all this week. UTIL begins at 572.36 so stocks will float higher as long as UTIL stays above 569.68. Markets will slide down the rabbit hole if UTIL drops under 569.68. If stocks sell off at the opening bell on Monday morning but UTIL remains bullish, the market will likely bottom and recover.

For the SPX starting at 1931, the bulls need to touch the 1953 handle to create an upside acceleration, a formidable task. The bears need to push under 1921 to accelerate the downside which is not an easy task either. A move through 1922-1952 is sideways action to begin the week. Keybot prints three pre-scheduled numbers this week. The EOM is Wednesday three trading days away and September began at 1972.18 about 40 handles above current levels. The algo number is only 6 points under the signal line but the bulls have a lot of ground to make up.

10/4/15; 7:00 PM EST =

10/2/15; 9:00 AM EST =

9/3015; 7:00 PM EST EOM EOQ3 =

9/29/15; 10:00 AM EST =

9/27/15; 7:00 PM EST = -43; signal line is -37

9/25/15; 10:00 AM EST = -43; signal line is -37

9/23/15; 11:28 AM EST = -42; signal line is -37

STOCK MARKET BEARISH -- SHORT -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains short as the bulls are set to run higher in Friday's trade. Utilities remain buoyant preventing the bears from making headway lower. For next week, UTIL 569.68 is a key number in play for every day so watch this closely at the 4 PM EST closing bell today. UTIL begins the day at 566.81. If UTIL remains under 569.68 at the closing bell that provides a feather in the bear's cap for Monday. If UTIL ends above 569.68, that is very encouraging for the bulls next week.

Watch JJC 28.18 and RTH 75.85 today since a sustainable upside rally will occur for stocks if either parameter turns bullish and Keybot will likely flip long. If copper and retail stocks remain bearish then the stock market rally may fade.

For the SPX starting at 1932, the bulls need to push up through 1937 to create an upside acceleration and this appears on tap with S&P futures up +25 about three hours before the opening bell. The bears need to push under 1909 to regain their mojo, a formidable task especially with the up day on tap, so instead the bears will focus on pushing utilities, copper and retail stocks lower. The algo prints a pre-scheduled number this morning. The algo number is only 5 points under the signal line so the bulls and bears are fighting for control. The algo did not print any numbers in Thursday's trade.

9/27/15; 7:00 PM EST =

9/25/15; 10:00 AM EST =

9/23/15; 11:28 AM EST = -42; signal line is -37

9/23/15; 11:19 AM EST = -58; signal line is -37

9/22/15; 2:39 PM EST = -42; signal line is -37

STOCK MARKET BEARISH -- SHORT -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains short through the choppy market action. Utilities are the main parameter affecting market direction currently and also copper and retail stocks. The bears need to pull UTIL under 560.53 (now at 560.81) to create broad market negativity. The bulls must send utes higher. Yesterday price was playing around at this level; a level the algorithm called out on the weekend to watch all of this week.

The bulls need to push either RTH above 75.88 (now at 75.09) and/or JJC above 28.21 (now at 27.01) to signal the all-clear for the upside and a robust rally for stocks on tap. If either RTH or JJC turn bullish, either one would do, and the SPX moves above 1961, Keybot will likely flip to the long side.

Thus bulls are focused on pushing utilities, copper and retail stocks higher with the bears pushing the other way.

For the SPX starting at 1943, the bulls need to push above 1961 to accelerate the upside. The bears need to push below 1929 to accelerate the downside. A move through 1930-1960 is sideways action for Wednesday. The bears are driving the bus but the bulls are fighting back as evidenced by the algo number only 5 points under the signal line.

9/25/15; 10:00 AM EST =

9/22/15; 2:39 PM EST = -42; signal line is -37

9/22/15; 1:53 PM EST = -58; signal line is -37

9/21/15; 3:20 PM EST = -42; signal line is -35

STOCK MARKET BEARISH -- SHORT -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains short as RTH dances above and below 75.91 taking the broad indexes to and fro. Bulls need RTH above 75.91 to signal the all-clear for the upside in stocks and then if JJC moves above 28.35 the bulls will be running strongly higher. Bears need to keep RTH and JJC in the bear camp which will stall any upside in equities. If RTH or JJC turn bullish as described above, either one would do, and the SPX moves above 1980, Keybot will likely flip long.

For the SPX starting at 1967, the  bulls need to move above 1980 and boom, the upside will accelerate. The bears need to push under 1956 and stocks will accelerate lower. A move through 1957-1979 is sideways action for Tuesday. The imminent turn notation remains in the title line since markets are a toss-up. That RTH 75.91 will tell you the market direction answer after the opening bell.

9/25/15; 10:00 AM EST =

9/21/15; 3:20 PM EST = -42; signal line is -35

9/21/15; 2:50 PM EST = -26; signal line is -35 but algorithm remains short

9/21/15; 11:40 AM EST = -42; signal line is -35

9/21/15; 10:26 AM EST = -26; signal line is -35 but algorithm remains short

STOCK MARKET BEARISH -- SHORT -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains short as the new week of trading begins with a stock market rally fueled by retail stocks with RTH above the critical 75.91 bull-bear line in the sand. The algorithm is champing at the bit to flip back to the long side with the algo number 9 points above the signal line but the internal programming parameters are not yet fully latched to allow the move. To make things simple, Keybot will likely flip long if the SPX moves above 1990 (now at 1977).

The bulls are setting the stage for an ongoing rally as long as RTH stays above 75.91, if it dips below, all bets are off for the bulls, and the bears will begin sending stocks lower again.

Copper is also key for broad market direction; watch the bull-bear line in the sand at JJC 28.36. JJC is now at 28.24 so if the bulls push higher by another 12 pennies, the broad stock market will move strongly higher. Bears must keep JJC under 28.36.

9/25/15; 10:00 AM EST =

9/21/15; 10:26 AM EST = -26; signal line is -35 but algorithm remains short

9/20/15; 7:00 PM EST = -42; signal line is -36

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant is short moving into the new week of trading. Markets remain a toss-up as the high volatility creates whipsaw price action. Keybot is tracking utilities, copper and retail stocks as the greatest current influences on market direction. The bears need UTIL under 560.53 to create more market negativity. This number will remain the same all week long. UTIL begins at 565.

The market bulls need either JJC above 28.48 and/or RTH above 76.06. The bulls will not confirm sustainable upside until at least one of these two turn bullish. Watch copper trading overnight for an early hint on broad market direction for Monday.

For the SPX beginning the week at 1958, the bears only need 5 points lower, to drop under 1953 and the downside will accelerate into the mid 1940's. The bulls need to recover from Friday's drubbing and push above 1989 to regain their mojo, a formidable task, so instead bulls will focus on pushing utilities, copper and retail stocks higher to sow the seeds of a rally. A move through 1954-1988 is sideways action to begin the week. Keybot prints one pre-scheduled number this week on Friday morning. Markets remain erratic and unstable.

9/27/15; 7:00 PM EST =

9/25/15; 10:00 AM EST =

9/20/15; 7:00 PM EST = -42; signal line is -36

9/18/15; 12:04 PM EST = -42; signal line is -36

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant flips to the bear side today at SPX 1964 due to weak retail stocks and copper. The algo was very active to end the week. The algo number is only 6 points below the signal line so caution is needed and it would not be surprising to see the markets whipsaw higher again early next week.

Retail stocks, copper, volatility and utilities appear important for market direction for next week; levels can be identified once the Sunday pre-scheduled number prints.

On the last trade, only a two-day move, the algo computer program  loses -1.6% and the actual trading loses -0.6%. The Russell 2000 small caps dropped less than the S&P 500 over that two days. The Benchmark SPX index is down -5% this year. Keybot exited IWM and entered SDS. The 35-day timer expired from the last whipsaw (a reversal move within a day's time) so Keybot is using double ETF's again beginning with SDS on the short side. Markets remain a coin flip.

9/20/15; 7:00 PM EST =

9/18/15; 12:04 PM EST = -42; signal line is -36

9/18/15; 11:46 AM EST = -26; signal line is -37 but algorithm remains short

9/18/15; 11:34 AM EST = -42; signal line is -38

9/18/15; 11:09 AM EST = -26; signal line is -38 but algorithm remains short

9/18/15; 10:38 AM EST = -42; signal line is -39

9/18/15; 10:24 AM EST = -26; signal line is -40 but algorithm remains short

9/18/15; 9:53 AM EST = -42; signal line is -40; go short 1964; (Benchmark SPX for 2015 = -4.6%)(Keybot algo this trade = -1.6%; Keybot algo for 2015 = +4.0%)(Actual results this trade = -0.6%; Actual results for 2015 = +4.2%)

9/18/15; 9:37 AM EST = -42; signal line is -40 but algorithm remains long

9/18/15; 9:36 AM EST = -26; signal line is -40

9/17/15; 10:08 AM EST = -10; signal line is -40

9/17/15; 9:00 AM EST = -26; signal line is -40

9/16/15; 3:23 PM EST = -26; signal line is -39; go long 1995; (Benchmark SPX for 2015 = -3.1%)(Keybot algo this trade = +3.9%; Keybot algo for 2015 = +5.6%)(Actual results this trade = +3.1%; Actual results for 2015 = +4.8%)

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is on the long side but markets are a coin flip ahead of the Fed rate decision about 90 minutes away. The pre-scheduled number for this week prints this morning and the algo also prints another number about one-half hour after the opening bell when UTIL moved above 563. Watch 563 closely. Price is at 563.25 and leaking lower so a move under 563 will usher in stock market negativity.

The fate of the markets are in the hands of Fed Chair Yellen. Markets will react at 2 PM EST then also in the 2:30 PM to 3 PM time frame in the meat of her press conference Q&A where she provides details for the path ahead. The algo number is 30 points above the signal line keeping the bulls in control but all bets are off until Yellen tells the markets how to trade.

9/20/15; 7:00 PM EST =

9/17/15; 10:08 AM EST = -10; signal line is -40

9/17/15; 9:00 AM EST = -26; signal line is -40

9/16/15; 3:23 PM EST = -26; signal line is -39; go long 1995; (Benchmark SPX for 2015 = -3.1%)(Keybot algo this trade = +3.9%; Keybot algo for 2015 = +5.6%)(Actual results this trade = +3.1%; Actual results for 2015 = +4.8%)

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant flips to the long side today late in the session at SPX 1995. The algo would not latch earlier in the afternoon to allow the move to the long side but that changed into the closing bell. As always, stay alert for a whipsaw move tomorrow especially with the FOMC rate decision that will likely send market violently in one direction or the other.

The flip to the long side is not yet convincing. Bulls are winning with retail stocks and copper. Bears are winning with semiconductors and utilities. Bears need either RTH under 76.07 and/or JJC under 28.46 to create market negativity and a potential whipsaw back to the short side. Bulls need either UTIL above 563 and/or SOX above 631 to guarantee further upside in stocks.

For the SPX for Thursday, a historic day with the rate decision on tap, starting at 1995, the bulls need to push above 1997 and the upside will accelerate above 2000 and more in a heartbeat. The bears need to push under 1978 to accelerate the downside. A move through 1979-1994 is sideways action for Thursday. 

The benchmark SPX index is down -3% on the year. On the last trade, the algorithm computer program gains about +4% and the actual trading gains about +3%. Keybot exits SH and enters IWM. The algo remains in single ETF mode. Pay close attention to RTH 76.07 and UTIL 563.

9/20/15; 7:00 PM EST =

9/17/15; 9:00 AM EST =

9/16/15; 3:23 PM EST = -26; signal line is -39; go long 1995; (Benchmark SPX for 2015 = -3.1%)(Keybot algo this trade = +3.9%; Keybot algo for 2015 = +5.6%)(Actual results this trade = +3.1%; Actual results for 2015 = +4.8%)

9/16/15; 2:57 PM EST = -26; signal line is -37 but algorithm remains short

9/16/15; 2:17 PM EST = -42; signal line is -36

9/16/15; 12:52 PM EST = -26; signal line is -34 but algorithm remains short

9/15/15; 10:11 AM EST = -42; signal line is -32

9/14/15; 10:51 AM EST = -58; signal line is -30

9/14/15; 10:37 AM EST = -42; signal line is -26

9/14/15; 9:42 AM EST = -58; signal line is -24

9/13/15; 7:00 PM EST = -42; signal line is -21

9/11/15; 10:00 AM EST = -42; signal line is -18

9/9/15; 10:36 AM EST = -38; signal line is -15

9/9/15; 10:29 AM EST = -22; signal line is -13

9/9/15; 10:08 AM EST = -38; signal line is -11

9/9/15; 9:36 AM EST = -22; signal line is -9

9/8/15; 9:46 AM EST = -38; signal line is -7

9/6/15; 7:00 PM EST = -54; signal line is -5

9/4/15; 9:00 AM EST = -54; signal line is -2

8/31/15; 7:00 PM EST EOM = -54; signal line is +0

8/30/15; 7:00 PM EST = -54; signal line is +3

8/28/15; 10:00 AM EST = -54; signal line is +5

8/25/15; 10:00 AM EST = -53; signal line is +6

8/24/15; 1:22 PM EST = -58; signal line is +7

8/24/15; 11:59 AM EST = -26; signal line is +9

8/24/15; 9:36 AM EST = -58; signal line is +11

8/23/15; 7:00 PM EST = -26; signal line is +13

8/21/15; 9:36 AM EST = -26; signal line is +15

8/20/15; 10:01 AM EST = -10; signal line is +16

8/20/15; 9:30 AM EST = +4; signal line is +17; go short 2076; (Benchmark SPX for 2015 = +0.8%)(Keybot algo this trade = -0.5%; Keybot algo for 2015 = +1.7%)(Actual results this trade = -0.4%; Actual results for 2015 = +1.7%)

STOCK MARKET BEARISH -- SHORT -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains short as the bulls fight back on Tuesday with a robust rally. Copper is back in the bull camp with JJC above 28.46 and this creates stock market buoyancy. Note, however, that RTH ran higher but could not overcome Keybot's line in the sand at RTH 76.10  which is now 76.07. It is amazing how the algorithm can identify the sector or parameter most impacting market direction, including the exact price level, before it occurs. When RTH failed to turn bullish you knew the upside in the rally would stall and stocks remain flat at the elevated level unable to yet push higher.

Wednesday is a fight between copper and retail stocks. Watch the bull-bear lines in the sand JJC 28.46 and RTH 76.07. JJC begins above 28.46 causing market bullishness so the bears must push JJC under 28.46 or they got nothing. RTH begins below 76.07 causing market bearishness so the bulls must push RTH above 76.07 or they got nothing. If copper remains bullish and retail stocks bearish and neither one flinches, the stock market will move sideways with an upward bias.

For the SPX starting at 1978, the bulls need to move above 1983 and bingo, the strong price resistance at 1985-1988 will be attacked quick and hard and likely give way to the upside. The bears need to push under 1954 to regain their mojo, a formidable task, so instead the bears will focus on pushing copper and retail stocks lower. A move through 1955-1982 is sideways action for Wednesday.

Note that the imminent turn status is in play. The algo number is only 10 points below the signal line. If RTH moves above 76.07, and the SPX moves above 1983, Keybot will likely flip long. Keep an eye on semiconductors as well; the algo is beginning to track SOX 631.50 as a line in the sand and price is now at 625. If SOX moves above 631.50, and the SPX moves above 1983, Keybot will likely flip long. Bulls need higher retail stocks and/or semiconductors and bears need lower copper.

9/20/15; 7:00 PM EST =

9/17/15; 9:00 AM EST =

9/15/15; 10:11 AM EST = -42; signal line is -32

9/14/15; 10:51 AM EST = -58; signal line is -30

STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short. The algo prints three numbers in the Monday session with the bears in control. Copper dropped with JJC under 28.43 which ushered in the stock market weakness. Copper drove stocks higher last week. Thus, watch the key pivot at JJC 28.43. Price is below at 28.25 which causes broad market weakness but if JJC moves above 28.43 it confirms an upside rally in stocks. If the bulls then move RTH above 76.10 and/or UTIL above 563, a more substantive upside stock market rally will occur.

For the SPX starting at 1953, the bulls need 10 points, to push above 1963 to create an upside acceleration. The bears need to push under 1948 to create a multi-handle downside acceleration. A move through 1949-1962 is sideways action for Tuesday. S&P futures are up 1 points and copper is trading flat two hours before the opening bell. If JJC moves above 28.43, the caution flag will come out since the model may be moving towards a potential flip to the long side. If copper remains weak then the stock market will remain weak.

9/17/15; 9:00 AM EST =

9/14/15; 10:51 AM EST = -58; signal line is -30

9/14/15; 10:37 AM EST = -42; signal line is -26

9/14/15; 9:42 AM EST = -58; signal line is -24

9/13/15; 7:00 PM EST = -42; signal line is -21

STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short as the volatile market roller coaster ride continues. The bulls need RTH above 76.10 and/or UTIL above 562.95 to prove that up is the direction for the stock market ahead. The bears need to push copper lower, JJC under 28.40, to prove they got the beans to take the stock market lower. If utilities and retail stocks remain bearish, and copper bullish, the stock market will stagger along sideways with a slight upward bias.

For the SPX starting the week at 1961, having closed at the high on Friday, any amount of green in the S&P futures will create a multi-handle upside acceleration with SPX into the high 1960's. The bears must keep the overnight S&P futures negative with all their might. After Monday's opening bell, bears must push the SPX under 1939 to accelerate the downside, a formidable task, so instead bulls will be attacking copper to send it lower. Watch copper trading overnight as a strong hint on market direction for Monday.

The bears remain in control but the spread between the algo number and signal line narrows to 21 points. Any tighter and the caution flag will be out warning of a potential flip to the upside coming soon. Keybot prints one pre-scheduled number this week on Thursday morning before the opening bell.

9/20/15; 7:00 PM EST =

9/17/15; 9:00 AM EST =

9/13/15; 7:00 PM EST = -42; signal line is -21

9/11/15; 10:00 AM EST = -42; signal line is -18

STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short through the weekend. A pre-scheduled number prints on Friday sending the algo number slightly lower. The bears tried to push markets lower yesterday but copper would not cooperate lower. JJC did not drop under 28.40 so you knew that the move lower in the stock market was a fakeout and a rally would occur; which occurred. The bulls, however, do not push retail stocks high enough, RTH remained under 76.10, so the bulls got nothing. Utilities, retail stocks and copper are the three parameters currently most impacting broad stock market direction. Copper was the main reason the stock market logged a positive week last week.

Next week is an epic week in market and economic history since the two-day FOMC meeting is Wednesday and Thursday with Fed Chair Yellen's critical rate decision on Thursday afternoon. The areas and levels of interest by Keybot can be identified tomorrow after the Sunday pre-scheduled number prints. The bears are in control with the algo number 24 points under the signal line.

9/13/15; 7:00 PM EST =

9/11/15; 10:00 AM EST = -42; signal line is -18

9/9/15; 10:36 AM EST = -38; signal line is -15

STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short moving into trading for Thursday. The algo prints four numbers yesterday. RTH jumped above 76.10 so the bulls were cheering. Then the SOX ran higher to the robot's key level at 633.50; the bull's were ready to lock in the recovery rally but whammo, semiconductors collapse, then retail stocks and the bulls run out of gas and stocks end lower on the day. It is amazing how Keybot can identify the key area and level (yesterday in the chips with SOX 633.50) affecting market direction before it happens.

With markets heading lower yesterday the bears were salivating since copper was dropping. The bears look in great shape again, however, note that JJC could not drop below the key 28.37 bull-bear level, hence, the bears got nothing either.

Thus, for Thursday, bears win big with lower copper and JJC dropping under 28.37. Copper futures are trading higher. The bulls win big with retail stocks recovering higher with RTH above 76.10. Status quo will send stocks sideways. If stocks sell off but JJC does not drop under 28.37, then the stock market will likely recover and rally.

For the SPX starting at 1942, the bears need to push under 1938, four points lower, to create a downside acceleration. S&P futures are -4 giving up gains of +20 overnight. The bulls need to retrace yesterday's loss to regain their mojo a formidable task so instead bulls will focus on keeping copper positive with all their might. The algo number is only 23 points under the signal line so the band is tightening. For now, the bears are in control. Watch copper, retail stocks and chips since they are currently the key market direction drivers.

9/13/15; 7:00 PM EST =

9/11/15; 10:00 AM EST =

9/9/15; 10:36 AM EST = -38; signal line is -15

9/9/15; 10:29 AM EST = -22; signal line is -13

9/9/15; 10:08 AM EST = -38; signal line is -11

9/9/15; 9:36 AM EST = -22; signal line is -9

9/8/15; 9:46 AM EST = -38; signal line is -7

STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short the market moving into the Wednesday session. The algo prints one number yesterday but the algo line remains 31 points under the signal line keeping the bears in firm control. Note that copper created the boost in the broad indexes yesterday just as the model predicted on the weekend. Pay attention to JJC 28.39 an important bull-bear level. JJC is at 28.62 on the bull side which creates broad market upside. Bears will not gain downside traction unless copper falls and JJC slips back under 28.39.

Watch RTH 76.10 and SOX 633.50 as two other bull-bear lines in the sand. If these two parameters jump into the bull camp then the model may flip long. If retail stocks and semi's turn bullish the model will be in imminent turn status. So bears need weaker copper and bulls need stronger retail stocks and chips.

For the SPX starting at 1969, the bulls only need one upside point, to poke above 1970, and the upside will accelerate higher. S&P futures are up over +20 about two hours before the opening bell for the SPX. Copper is trading higher. Bulls are going to make a continued run higher so watch RTH 76.10 and SOX 633.50 which will verify that  the bulls have the beans for a sustainable rally, or not.

9/13/15; 7:00 PM EST =

9/11/15; 10:00 AM EST =

9/8/15; 9:46 AM EST = -38; signal line is -7

9/6/15; 7:00 PM EST = -54; signal line is -5

STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short moving into the four-day holiday-shortened week of trading ahead. The algo was calm all last week motoring along only printing the pre-scheduled numbers. One pre-scheduled number prints this week on Friday morning. The bulls will likely try to boost commodities and copper to stop the bleeding in the stock market.

For the SPX starting at 1921, the bulls need to move above 1948 to accelerate the upside, a formidable task. The bears need to push under 1911 about 10 points lower. S&P futures are higher on Labor Day. A move through 1912-1947 is sideways action for Tuesday. The bears are driving the bus with the algo number 49 points below the signal line.

9/13/15; 7:00 PM EST =

9/11/15; 10:00 AM EST =

9/6/15; 7:00 PM EST = -54; signal line is -5

9/4/15; 9:00 AM EST = -54; signal line is -2

8/31/15; 7:00 PM EST EOM = -54; signal line is +0

August Monthly Publication of the Daily Chronology of Global Markets and World Economics is Available from Amazon

The August publication of the Daily Chronology of Global Markets and World Economics 2015-08 is available through Amazon (AMZN). The month of August is epic where global markets, led by a crash in Chinese stocks, fall down the rabbit hole finally receiving a -10% correction for the major indexes. Many stocks are down between -10% and -40% off their tops. The chronology explains the exciting daily events around the market collapse and the events that led up to the big selloff in the stock market. No other publication exists that describes the market top and rollover like the chronology.

The chronology records economic history in real time preventing revisionist tampering in future years. Many of the same asset managers telling everyone to go long the market in 2007-2008 are repeating the same mantra these days. Most managers are maintaining SPX targets this year at 2200, 2300 and higher even after the stock market selloff. Their quotes and words are recorded. Perhaps they are correct with their market cheer leading; perhaps they are not.  If a multi-year top has printed, the chronology serves as the most accurate accounting of the stock market topping process. The chronology is the most reliable and easy to understand source explaining global markets.

As always, all monthly publications of the Daily Chronology of Global Markets and World Economics are available from the links in the left margin or simply searching on Amazon. The monthly publication contains updated information not posted on the Keystone the Scribe web site as well as clarifications and refinements to the daily blog text.

We are living through historic stock market and economic times. The daily chronology is the most accurate accounting on how the recent stock market top formed in real-time. The monthly publications are compatible with most electronic devices and include an extensive Business Acronym List and Ticker Symbol List. The Acronym List is the most comprehensive business-related acronym list available on the internet. The chronology is not available in hard copy and only distributed around the world electronically. Proceeds aid the KE Stone series of blogs.

STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short. Stocks are rallying but the algo motors along on the short side unimpressed only printing the pre-scheduled number thus far this week. Keybot is tracking retail stocks and copper. Bulls will only receive proof that the upside has legs if either RTH moves above 76.34 and/or JJC moves above 28.51. If both remain bearish then the broad indexes should remain bearish trending sideways to sideways lower. The algo number is 54 points under the signal line firmly bearish. Keybot prints a pre-scheduled number tomorrow morning. The upside will have legs if retail stocks and copper move higher.

9/6/15; 7:00 PM EST =

9/4/15; 9:00 AM EST =

8/31/15; 7:00 PM EST EOM = -54; signal line is +0

8/30/15; 7:00 PM EST = -54; signal line is +3