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

Keybot the Quant remains bearish as markets continue to stumble sideways. Yesterday the utilities and copper sectors kept a lid on the market upside. Today markets drift lower but cannot accelerate lower without the bears receiving either lower financials or higher volatility. Thus, bulls need either UTIL 508.47 or JJC 40.15. Bears need either XLF 20.47 or VIX 14.13. The drop in utes opens up the possibility for UTIL triggering the market trap-door at UTIL 488.00 so keep an eye on this number. If all the parameters above remain as is, then markets continue the sideways dance. Any change to any parameter sends markets in that direction. Watch financials closely; XLF 20.47.

For the SPX starting at 1768, the bulls need to touch the 1772 handle and the upside acceleration will occur. The bears need to push under 1762.50 to accelerate the downside.  A move through 1763-1771 is sideways action. If UTIL moves above 508.47, or JJC above 40.15, and the SPX above 1772, and stays above, Keybot will likely flip long. For now, the bears remain in control but the markets stagger sideways. The algo is idling along without printing any numbers this week thus far.

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

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