STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short as the market choppiness and whipsaw slop continues. Did you take note of the drama with utes? The bears remain in charge with the algo number 15 points below the signal line.

The robot is tracking utes, volatility, chips and retail as the main drivers of stock market direction currently. Utilities and volatility are in the bear camp while the socks and retail reside in the bull camp. Each are pulling the broad stock market in their preferred direction.

The bulls come up short last week with the utilities with UTIL sitting at 870. Bulls need UTIL above 877.90-881.67 next week and will be rewarded with the stock market rallying if it happens. Pay attention to the utes out of the gate on Monday. The bulls also need VIX below the 13.31 palindrome, now above 16, if they want to rally stocks. Plain and simple, the bulls are toast going forward unless they push VIX back below 13.31.

If any 1 of the 3 parameters turn bullish (UTIL 877.90, UTIL 881.677, VIX 13.31; obviously, UTIL would tag 877.90 first if it happened), and the SPX runs above 5222, Keybot the Quant will likely flip long.

On the bear side, the furry ones are happy with UTIL below 877.90 and VIX above 13.31 and will try to keep it this way with all their might. Bears will create stock market carnage if SOX loses 4690, now at 4756, and/or if RTH loses 203.20, now at 205.77. Thus, watch for any weakness in semiconductors and/or retail stocks on Monday which will indicate that the blood is starting to flow on Wall Street. RTH is, in essence, Amazon, so pay very close attention to Scamazon going forward. Evanescence.

Thus, bulls need UTIL 877.90 and VIX 13.31. Bears need SOX 4690 and RTH 203.20. Choose your poison but, as Billy sings, there may be Poison in the Well. These 4 parameters tell you the US stock market direction for the coming days.

Also, if utilities remain bearish, it is an ominous sign. It means that any expected -3% to -5% pullback, or even -10% correction, in US stocks going forward will not occur. Instead, there will be far bigger losses of -10% to -20% for the stock market and perhaps more. Watch the Utes.

4/14/24; 7:00 PM EST =
4/12/24; 10:00 AM EST =
4/7/24; 7:00 PM EST =
4/5/24; 9:00 AM EST = +16; signal line is +31
4/4/24; 1:58 PM EST = +16; signal line is +32
4/4/24; 1:11 PM EST = +32; signal line is +32 but algorithm remains short
4/4/24; 12:38 PM EST = +16; signal line is +32
4/4/24; 11:19 AM EST = +32; signal line is +32 but algorithm remains short
4/4/24; 10:00 AM EST = +16; signal line is +32
4/4/24; 9:49 AM EST = +32; signal line is +32 but algorithm remains short
4/3/24; 12:44 PM EST = +16; signal line is +32
4/3/24; 12:23 PM EST = +32; signal line is +33
4/3/24; 11:20 AM EST = +16; signal line is +32
4/3/24; 10:18 AM EST = +32; signal line is +32 but algorithm remains short
4/3/24; 9:41 AM EST = +16; signal line is +32
4/2/24; 1:00 PM EST = +32; signal line is +33
4/2/24; 12:43 PM EST = +48; signal line is +33 but algorithm remains short
4/2/24; 12:17 PM EST = +32; signal line is +31 but algorithm remains short
4/2/24; 12:01 PM EST = +48; signal line is +31 but algorithm remains short
4/2/24; 11:43 AM EST = +32; signal line is +30 but algorithm remains short
4/2/24; 9:45 AM EST = +48; signal line is +29 but algorithm remains short
4/1/24; 2:22 PM EST = +32; signal line is +28 but algorithm remains short