Keybot the Quant remains short with the bears in control and the algo number 25 points below the signal line. Retail stocks collapsed last week with XRT at 79 well under the 83.32 line in the sand.
For last week, all the drama was in utes and banks. As previously mentioned, the bears need UTIL, or DJU, to drop below 1089.25, only 4 bucks away, to create a large leg lower in the stock market.
The bulls need to rally utilities and push UTIL above 1109 to get the stock market back on track. Bulls need XLF above 51.12 with price only 2 pennies below. If you see weak banks, the bulls are in big trouble.
Boiling it down to something simple, for a Simple Man, bears win with UTIL below 1089. Bulls will maintain buoyant equities if XLF rises above 51.12. If UTIL remains above 1089, and XLF below 51.12, stocks will stumble along sideways waiting for one of them to flinch.
Keybot the Quant prints two prescheduled numbers this week one on Thursday morning before the opening bell and one on Friday shortly after the opening bell. Utilities and banks are all that matter right now.
5/24/26;
7:00 PM EST =
5/22/26;
10:00 AM EST =
5/21/26;
9:00 AM EST =
5/17/26;
7:00 PM EST = +21; signal line
is +46
5/15/26;
3:59 PM EST = +21; signal line
is +48
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