STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short with the algo number 45 points below the signal line. The bears are eating the bull's lunch. Stocks fell apart on Friday and continue the slide on Monday. Banks and retail stocks failed creating the stock market selloff and then the chips failed yesterday afternoon sending everything down the rabbit hole. Let It Drop.

For the bulls to wrestle back control, the hooved ones will need banks, retail stocks and semiconductors to turn bullish. Bulls need XLF above 40.28, RTH above 202.80 and SOX above 4707. If any 1 of the 3 turn bullish (the most likely would be the socks), that will stall the selling and stocks will begin to stabilize but bulls have no hope until all 3 turn bullish again.

For the bears, weaker copper and commodities are needed but these have been running into the stratosphere. Simply watch the 3 parameters listed above and that will tell you the stock market strength in either direction. Easy-peasy.

The weak utilities place the broad stock market in a crash profile for the next couple weeks. That would be fun. You may say you Can't Believe We're Here but we are. Great guitar solo.

4/21/24; 7:00 PM EST =
4/16/24; 9:00 AM EST =
4/15/24; 1:34 PM EST = -32; signal line is +13
4/15/24; 12:34 PM EST = -16; signal line is +15
4/15/24; 11:38 AM EST = +0; signal line is +17
4/15/24; 11:05 AM EST = -16; signal line is +18
4/15/24; 10:32 AM EST = +0; signal line is +21
4/15/24; 9:36 AM EST = +16; signal line is +22
4/14/24; 7:00 PM EST = -16; signal line is +23
4/12/24; 10:25 AM EST = -16; signal line is +25
4/12/24; 10:00 AM EST = +0; signal line is +26
4/12/24; 9:37 AM EST = +0; signal line is +27
4/10/24; 9:36 AM EST = +16; signal line is +27
4/9/24; 3:59 PM EST = +48; signal line is +27 but algorithm remains short
4/9/24; 9:36 AM EST = +32; signal line is +27 but algorithm remains short
4/8/24; 2:06 PM EST = +16; signal line is +27
4/8/24; 1:57 PM EST = +32; signal line is +29 but algorithm remains short
4/7/24; 7:00 PM EST = +16; signal line is +30
4/5/24; 9:00 AM EST = +16; signal line is +31