STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short moving into the Wednesday session. The algo is tracking UTIL 543.81, XLF 22.53 and RTH 59.51 as the key market drivers. The bulls need to meet the utilities and financials goal to prove markets will move higher. The bears need to drive retail stocks lower to prove they can take the markets lower, respectively. Retail Sales data hits in two hours and will impact RTH and the S&P futures.

For the SPX starting at 1934, the bulls need to touch the 1940 handle and victory occurs with an upside acceleration. The bears need to push under 1928.50 to claim victory and create a downside acceleration. A move through 1929-1939 is sideways action. S&P futures are +8 inching higher over the last few hours which would easily allow the SPX to attack the critical 1940 at the opening bell. If both UTIL and XLF turn bullish, Keybot will likely flip long. 

8/17/14; 7:00 PM EST =

8/15/14; 10:00 AM EST =

8/11/14; 10:13 AM EST = -9; signal line is +18