STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short riding the stock market roller coaster. Stocks are up, down, down, up, yeah, yeah, yeah, as Jimmy sings. The bears are cruising with the algo number 38 points below the signal line.

The critical NYA 15160 bull/bear line in the sand failed. This is extremely troubling and with utes remaining in failure enforcing a crash profile on the broad stock market going forward, the path ahead is rocky and difficult at best.

Retail stocks also failed creating market weakness. Volatility comes alive today for the first time since 3/28/23 over one month ago. Ole Rip van Winkle Volatility jumps up and runs around creating havoc in the stock market.

The quant prints a dozen numbers today so the craziness continues. Bears did some serious damage today to the stock market.

Any 1 of the following 4 parameters will stop the selling and stabilize stocks; UTIL 960.60 (but this number changes to 968 for next week making it harder for bulls), RTH 162.63, VIX 19.89 and NYA 15160. Two or more of the 4 flipping bullish will create a relief rally but Keybot the Quant needs 3 to flip bullish to bring on a turn to the long side (which is doable with RTH, VIX and NYA).

VIX trades from 3 AM EST forward so that will provide an immediate read on where the stock market wants to go tomorrow. The US Monthly Jobs Report drops in the morning in the States at 8:30 AM EST (East Coast).

The importance of NYA 15160 cannot be overstated. If the bulls can recover quickly and push NYA price back above 15160 before the weekend, it will hint that the bears do not have much juice going forward. However, each day that the NYA is below 15160 going forward is another large barn nail driven into the bulls coffin, and each day becomes darker with more selling pressure.

5/7/23; 7:00 PM EST =
5/5/23; 9:00 AM EST =
5/4/23; 3:59 PM EST = -65; signal line is -27
5/4/23; 3:36 PM EST = -51; signal line is -25
5/4/23; 3:18 PM EST = -65; signal line is -23
5/4/23; 3:10 PM EST = -51; signal line is -22
5/4/23; 1:46 PM EST = -65; signal line is -20
5/4/23; 1:37 PM EST = -37; signal line is -19
5/4/23; 1:36 PM EST = -51; signal line is -18
5/4/23; 10:13 AM EST = -65; signal line is -16
5/4/23; 10:00 AM EST = -51; signal line is -14
5/4/23; 9:57 AM EST = -65; signal line is -13
5/4/23; 9:49 AM EST = -49; signal line is -10
5/4/23; 9:47 AM EST = -35; signal line is -8
5/2/23; 1:02 PM EST = -21; signal line is -7