STOCK MARKET BEARISH -- SHORT

Keybot the Quant is short moving into the new week of trading. The bears need weaker financials to push the stock market down another leg. Watch XLF 23.92 with price at 24.14 to begin the week. If bears receive 22 pennies of downside in XLF the SPX will drop to the 1990's and even 1980's. The bulls must send the banks higher from the get-go or they are in serious trouble.

The bulls need to either push copper higher with JJC above 36.10 or push the NYA Index above 10750 to reestablish an uptrend. Bulls will likely focus on copper. If the stock market bounces on Monday but neither JJC or NYA cooperate, then markets will roll back over to the downside.

For the SPX starting at 2002, any smidge of negativity in the overnight S&P futures will create another several-handle acceleration move lower for the SPX to begin the week. Market bulls must keep the S&P futures positive by all means necessary or the SPX will be tumbling under 2000. The bulls need to push the SPX above 2032 to accelerate the upside in stocks, a very difficult task although in these markets anything is game, so instead the bulls will focus on keeping the S&P futures positive, preventing the banks from dropping and pushing copper higher. A move through 2003-2031 is sideways action to begin the week. The bears are driving the bus. Pay attention to copper.

12/21/14; 7:00 PM EST =

12/16/14; 9:00 AM EST =

12/14/14; 7:00 PM EST = +32; signal line is +49

12/12/14; 10:00 AM EST = +32; signal line is +50