STOCK MARKET BEARISH -- SHORT -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains short but the robot is champing at the bit to flip long again with the algo number 5 points above the signal line. The bulls pumped utilities out of the gate but that fell apart in 12 minutes so they next set their sites on chips pumping the SOX above 3019 at the 12:21 PM palindrome to create buoyancy in the broad US stock market.

The NYA remains above the critical 15150 bull/bear line in the sand that will usher in broad market pain if it fails (remember, these numbers are continuously recalculated so they fluctuate by pennies or a few dollars either way day to day).

The bulls have in on a silver platter if they want it. Bulls need SPX to move above 4141 and Keybot the Quant will likely flip long hence the imminent turn notation in the title line. This move represents an increase of about 5 SPX points and checking in real-time, about 4 hours before the opening bell in the United States, S&P futures are down -2 points so bulls still have some work to do if they want to take the market ball from the bears.

The stock market game is currently controlled by utes, semi's and the NYA index. Everything else is noise. You do not even have to watch the stock market. Instead, watch UTIL 953.58, UTIL 957.95, SOX 3019 and NYA 15150. Easy-peasy.

Bulls need SPX above 4141 to flip the model long. The SPX begins at 4136. Bulls will prove they have the juice to pump stocks higher if UTIL moves above 953.58 and stocks will jump strongly higher if UTIL moves above 957.95.

Bears simply need to push SOX below 3019 and/or NYA below 15150 to take away any chance of the model flipping long. Either one would do. If both fail, or especially, the NYA 15150, the US stock market will become bigtime ugly going forward.

Today will be interesting to see if the bulls got game to take the ball back, or, if they fold like a cheap suit and the bears maintain control. It's a Wild, Wild Life.

5/21/23; 7:00 PM EST =
5/17/23; 9:00 AM EST =
5/15/23; 12:21 PM EST = -5; signal line is -10 but algorithm remains short
5/15/23; 9:48 AM EST = -21; signal line is -10
5/15/23; 9:36 AM EST = -5; signal line is -10 but algorithm remains short
5/14/23; 7:00 PM EST = -21; signal line is -10
5/12/23; 12:47 PM EST = -21; signal line is -9; go short 4104; (Benchmark SPX for 2023 = +6.9%)(Keybot algo this trade = +0.0%; Keybot algo for 2023 = +0.7%)(Actual results this trade = +0.1%; Actual results for 2023 = +2.4%)