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

Keybot the Quant remains short as the chop suey baby games continue. The quant wants to flip long again with the algo number 4 points above the signal line, out of the gate this morning, but the internal parameters would not fully latch to permit the move, so the robot remains short. If the SPX moves above 7598 tomorrow, starting at 7584, Keybot the Quant will likely flip long. Thus, the imminent turn notation is in the title line again. Watch the S&P futures to see if 14 points are there.

The bulls had an easy time to keep the stock market afloat today with the US Monthly Jobs Report on deck in the morning. Traders are content to hold tight and wait for the BLS numbers at 8:30 AM EST.

The bulls came to play today, knowing that stocks were about to slip away. They pumped banks, retail stocks and utilities like madmen trying to keep the bull party going. Utilities and retail stocks fell on their sword after the big opening spikes higher. Banks, however, remained in orgy mode all day long gaining almost +3%.

The robot is tracking the SPX 7598, XRT 83.33, XLF 51.37, and UTIL 1114 lines in the sand. Retail stocks and banks are in the bull camp creating upside in equities while utes are in the bear camp creating downside for stocks.

Bulls need SPX above 7598 to flip the quant long and verify the bull party into the weekend. If XRT loses 83.33, it is only 20 cents away, all bets are off and the quant will likely not flip long.

Bears must prevent SPX 7598 from printing and pull XRT below 83.33, and then XLF below 51.37. This activity would create mayhem in the stock market.

Bulls stopped UTIL at 1100 overnight tonight within striking distance of the critical 1114 tomorrow. It is a battle royale. Lorde sings Royals. The bulls must push UTIL above 1114 asap or face grave consequences ahead. Watch it out of the gate in the morning. If you see stocks up and utilities jump higher and over the 1114, it will be a huge bull orgy into the weekend.

Hopefully, all that is clearer than mud albeit only slightly. Bulls need a stronger SPX to flip the quant long and stronger utilities will create euphoric bull joy.

Bears need to keep utes below 1114 and pull retail stocks lower. That will create a path to pain and misery for stocks. There was only one Big Iz.

6/7/26; 7:00 PM EST =
6/5/26; 9:00 AM EST =
6/4/26; 9:36 AM EST = +37; signal line is +33 but algorithm remains short
6/3/26; 3:59 PM EST = +21; signal line is +33