STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short. The bulls goosed the banks yesterday to create some mid-day stock market joy but then fell on their sword. The bears remain in control of the stock market but the algo number is only 4 points below the signal line and the bulls came to within minutes of flipping the model long yesterday. The bull-bear battle continues as political headlines send equities to and fro.

Bears need NYA below 12744 and/or RTH below 112.80 to create market mayhem.

Bulls need XLF above 27.53. If the financials flip into the bull camp, consider the imminent turn to the long side to be in play, and then, if the SPX is trending above 2960, Keybot will likely flip long. The SPX begins at 2939, sitting on its 50-day MA support/resistance line, so the bulls need 21 points of upside today if they want to puff their chests out.

10/11/19; 10:00 AM EST =

10/7/19; 2:10 PM EST = +26; signal line is +30

10/7/19; 1:52 PM EST = +42; signal line is +32 but algorithm remains short

10/6/19; 7:00 PM EST = +26; signal line is +32