STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short. The bears are winning the day creating global fear that a serious recession or worse is on the come. If you were watching utilities, as you should have been, UTIL fell through 1020.31 ushering in the afternoon stock market carnage yesterday.

Utes recovered briefly which sent stocks higher, but then rolled over with UTIL finishing at 1016. Bulls need UTIL back above 1020 pronto or the stock market selling pain will continue.

Banks and vol are also in play. Bulls need XLF above 33.75 (now at 33.36) to stop the selling. Bulls need VIX below 25.29 (now trading at 27.28 in real-time) to stop the blood-bath. The bears are cruising with the algo number 26 points below the signal line.

UTIL above 1020 will likely signal that the selling is over and bulls will reexert themselves.

If UTIL loses 1000, there will be big trouble. If UTIL loses 974, the US stock market will go into a crash profile.

Anyone long the market needs either UTIL 1020, XLF 33.75 or VIX 25.29 to breathe a sigh of relief. If the 3 remain in the bear camp, the stock market selling will continue unabated setting up a potential UTIL 974 tragedy. It's fun.

Utilities, banks and volatility are all that matter right now. Keybot prints a pre-scheduled number shortly after the regular session opens.

9/18/22; 7:00 PM EST =
9/16/22; 10:00 AM EST =
9/15/22; 2:54 PM EST = -50; signal line is -24
9/15/22; 2:37 PM EST = -34; signal line is -23
9/15/22; 2:07 PM EST = -50; signal line is -23
9/13/22; 1:49 PM EST = -34; signal line is -22