STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant is on the short side. Are you ready for drama and a crazy week or two ahead?

Utilities failed which opens a dark and ominous door to the future. Watch UTIL 939 like a hawk. UTIL begins at 928 and must overtake 939 as fast as possible to stop an Armageddon in the stock market. If utilities trail sideways or lower, that is like the stock market Titanic hitting the iceberg. So it will be of great interest to see what the utilities do after Monday's opening bell.

While the utes will tell you the fate forward for the stock market, there are other balls in the air. Bears need VIX above 22.20 (this trades overnight so you can get a feel on what will happen in the States) and SOX below 2871. Higher volatility and lower semiconductors, along with UTIL remaining below 939, will create stock market carnage and blood in the streets.

Bulls need to pump UTIL above 939, keep the VIX below 22.20, keep SOX above 2871, and at the same time pull XLF above 35.70. The bulls need the banks that gave up the stock market ship last week. Stronger copper will also help.

Bulls win big with UTIL above 939 and XLF above 35.70. Bears win big with VIX above 22.20 and/or SOX below 2871.

For the umpteenth time to emphasize the point, UTIL 939 is for all the marbles in the week ahead. Extremely bad things are going to happen to the US stock market if UTIL cannot regain 939.

Keybot prints two pre-scheduled numbers this week both on Tuesday. The month ends (EOM) on Tuesday.

3/5/23; 7:00 PM EST =
2/28/23; 7:00 PM EST EOM =
2/28/23; 10:00 AM EST =
2/26/23; 7:00 PM EST = -17; signal line is -10
2/24/23; 3:59 PM EST = -17; signal line is -10