STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short as the market circus continues. Bulls threaten a recovery rally but fold like a cheap suit after the Federal Reserve minutes yesterday afternoon. The bears remain in control of stock market direction with the algo number 29 points below the signal line.

The stock market remains a coin-flip with choppy slop each day. You saw the teasing around XLF 35.70, VIX 22.20 and SPX 4010-4013 yesterday creating the craziness.

Simplifying a complex game right now, the bulls desperately need XLF above 35.70 and SPX 4010-4013 that will put the markets back on track for higher prices. Bears need VIX above 22.20 and SOX below 2862. Bears will create carnage if UTIL loses 927.

NVDA posts strong earnings so the chips may rally today. VIX is trading at 21.99 in real-time so this is creating the buoyancy in the S&P futures up +19. This pop at the opening bell will once again place SPX at the critical 4010-4013 resistance level.

XLF is at ....... wait for it..... wait a bit longer for it...... 35.69 in the pre-market so the bulls know what they have to do to stop the selling; they are trying to push the banks higher.

UTIL is critically important today and tomorrow. If UTIL loses 927 this week, it is over for stocks, we will go down hard. Next week the magic number is 939 and price is now at 935. This is high drama. Very simply, if UTIL loses 427 this week, it is over for the US stock market. If UTIL ends the week below 939, it is over for stocks next week. If UTIL closes above 939 this week, the future does not look as bleak for next week.

That is a lot of mumbo jumbo. Who's listening to this guy? Further simplifying, bulls win big with VIX below 22.20, XLF above 35.70 and SPX above 4013. Bears win big with VIX above 22.20, XLF below 35.70, SPX below 4010, SOX below 2862 and UTIL below 927. Choose your poison.

There you go. XLF is sitting smack-dab on top of 35.70 in the pre-market ready for another day of drama.

2/26/23; 7:00 PM EST =
2/24/23; 10:00 AM EST =
2/23/23; 3:06 AM EST = -1; signal line is +28
2/22/23; 2:17 PM EST = -15; signal line is +29
2/22/23; 1:59 PM EST = +1; signal line is +31
2/22/23; 1:57 PM EST = +15; signal line is +32
2/22/23; 1:27 PM EST = +29; signal line is +33
2/22/23; 12:38 PM EST = +15; signal line is +34
2/22/23; 12:24 PM EST = +1; signal line is +35
2/21/23; 11:31 AM EST = -15; signal line is +37