STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short heading into the new week of trading. The bears are cruising along with the algo number 31 points below the signal line. Bears need weaker banks and a weaker NYA Index to extend the stock market losses.

The bulls need SOX above 1366.25 (now at 1360.77), GTX above 2709.85 (now at 2707.50) and/or VIX below 13.24 (now at 14.88). If one of the three parameters turn bullish, the caution flag will be out. If two of the three turn bullish, the imminent turn will be in play and if this occurs with the SPX moving above 2884, Keybot may flip back to the long side.

So the bears need weaker banks while the bulls need stronger chips and commodities and lower volatility. The VIX 14.69 level will dictate stock market direction. Bears will win ever day forward if the VIX remains above 14.69. The bulls will be pushing back if the VIX slips below 14.69. Keybot prints one pre-scheduled number this week on Friday morning.

9/16/18; 7:00 PM EST =

9/14/18; 10:00 AM EST =

9/9/18; 7:00 PM EST = +40; signal line is +71

9/7/18; 1:10 PM EST = +40; signal line is +72