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

Keybot the Quant is short moving into the new week of trading. The markets remain a coin-flip. Watch UTIL 508.47, 487.90, JJC 40.20 and SOX 492.85. The algo considers these parameters the most influential on market direction currently. UTIL begins at 502.46 under the 508.47 which is great for market bears, but above the 487.90 that keeps the bulls in play. The UTIL 487.90 represents a trap-door for markets so pay attention to this moving forward. If the bulls push above 508 it will surely signal a few days of market upside. JJC is 39.95 causing market negativity so watch copper trading overnight to see if this yellow metal is weak, or not. SOX is at 501 to begin the week, on the bull side, but would cause market trouble below 493.

For the SPX starting at the highs at 1771, the bulls only need to see a smidge of positivity in the futures and it is blue skies above for more market upside; the SPX will be on the way to new all-time highs marching towards 1780. The bears need to keep the futures negative overnight and retrace Friday's move to the downside, a formidable task but not impossible. Just look at how the bulls reversed Thursday's down move. The tell is with UTIL 508.47 and JJC 40.20. The bulls need one or both of these to verify continued upside. If either of these 2 parameters turn bullish, and the SPX prints above 1771 and higher, and remain elevated, Keybot will likely flip long. If the markets bounce higher on Monday, but UTIL and JJC do not cooperate on the bull side, equities will likely reverse and drop lower again. A move through SPX 1748-1771 is sideways action for Monday. Keybot does not print any pre-scheduled numbers this week which makes the utilities, copper and semiconductor sectors that much more important as well as financials and volatility. Markets should make a more firm directional commitment this week.

11/17/13; 7:00 PM EST =

11/10/13; 7:00 PM EST = +30; signal line is +42

11/8/13; 10:00 AM EST = +30; signal line is +43