STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains long moving into the Friday session. The bears keep tapping on the door for a few days now first trying to send JJC under 40-ish but it bounced. Then taking the VIX up to 14.67 but it leaks lower unable to move up through. Then XLF keeps tapping on 20.01 but the bears cannot push it under. Then today, the UTIL 485.33 level gave way to place a lid on the equity markets but in the final minute UTIL poked back above 485.33 to help the bulls. Equities will likely move in the same direction as UTIL after the opening bell tomorrow. UTIL 485.33 and 483.55 are two key levels that would usher in bearishness. UTIL 483.55 is a trap-door that may flush the SPX 20 or 30 handles in a short time period if it fails.

So the parameters causing market bullishness are UTIL 485.33, 483.55, XLF 20.01, JJC 40.02 and VIX 14.67. The bears need to turn at least one parameter bearish, otherwise, the SPX will move up over 1700 and higher. If one parameter turns bearish, it will place a cap on equities and prevent the broad indexes from moving higher. If the bulls keep all the parameters in the bull camp, equities will float higher. If the bulls move GTX above 4888, this will create upside fuel that takes the SPX to 1710 and perhaps higher.

For the SPX starting at 1699, the bulls need to touch the 1704 handle and price will move to 1710 quickly. The bears need to push under 1693 and the mid-1680's are on the way in short order. A move through 1694-1703 is sideways action.  The imminent turn notation is in the title line above since if the bears can turn two of the five parameters to the bear side, UTIL 485.33, UTIL 483.55, XLF 20.01, JJC 40.02, VIX 14.67, and move the SPX under 1693, and remain under, Keybot will likely flip to the short side. If all five levels of interest stay bullish, the broad indexes will float higher, and GTX 4888 would send equities strongly higher. Markets are erratic and unstable. Keybot prints a pre-scheduled number tomorrow morning.

9/27/13; 10:00 AM EST =

9/26/13; 3:59 PM EST = +64; signal line is +45

9/26/13; 1:33 PM EST = +48; signal line is +43