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

Keybot the Quant remains short but is champing at the bit to go long with the algo number 13 points above the signal line. Volatility is running the show. The VIX 20.77 line in the sand gave way minutes ago. Volatility controls stock market direction (inversely). The VIX is at 20.62. Bears need the VIX back above 20.77 or they will fold like your cheap suit.

Banks and retail stocks are in play and in the bull camp helping stocks move higher. Bears need XLF below 51.52 if they want to create selling pressure.

Utilities remain in the mix. Bulls need UTIL, or DJU, above 1115 and there will be a big rally higher in equities.

Copper and commodities are also in the mix. Copper has been pulling back after its orgy. A drop of -0.7% in copper futures will cause trouble for stocks and the futures are down -0.5% as this is typed.

What does all the mumbo jumbo mean? Bears need VIX above 20.77 pronto or they will lose the narrative. Bears need a -0.7% drop in copper futures to create stock market weakness and XLF below 51.52 will push everything over the hill into the trash dump.

Bulls need the SPX to recover yesterday's losses to flip the model long a formidable task. Bulls need to keep the VIX below 20.77 since that will keep the bears in a head lock and allow for a day or two of adjustment to where they can take control. Bulls need UTIL above 1115 that will open the door to upside joy.

That is a lot of moving parts each wanting a say in where the stock market is headed; volatility, copper, banks, retail stocks, commodities and utilities. Speaking of moving parts, Tina Turner sure had a lot of them. She was an excellent performer. John Fogerty of CCR wrote Proud Mary but Tina owned it.

6/14/26; 7:00 PM EST =
6/12/26; 10:00 AM EST =
6/11/26; 4:07 AM EST = 37; signal line is +24 but algorithm remains short
6/10/26; 10:51 AM EST = 23; signal line is +23 but algorithm remains short
6/10/26; 9:48 AM EST = 37; signal line is +23 but algorithm remains short
6/10/26; 4:50 AM EST = 23; signal line is +23 but algorithm remains short
6/9/26; 1:41 PM EST = 37; signal line is +23 but algorithm remains short
6/9/26; 12:07 PM EST = 23; signal line is +24
6/8/26; 9:52 AM EST = 37; signal line is +24 but algorithm remains short
6/8/26; 3:06 AM EST = 21; signal line is +25
6/7/26; 7:00 PM EST = +7; signal line is +25