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

Keybot the Quant remains short but the algo number is now only one single point from the signal line. The bulls are pumping utilities today to gain upside juice. UTIL is above 504.41. JJC remains under 40.22 helping bears. XLF is above 20.39 helping bulls. The SPX jumps up through the all-time closing high at 1772. HOD 1773.74. The algo remains bearish so this is very interesting market action. The bulls may try to jog UTIL lower, under 504.41, then back above to reset the upside move and provide additional upside juice, or, simply gain the upside strength with higher copper (JJC over 40.22). Bears need to push UTIL under 504.41 and keep it under. A turn to the long side may be imminent, for now, the bears are hanging on by a thread.

11/8/13; 9:00 AM EST =

11/6/13; 9:54 AM EST = +46; signal line is +47

11/5/13; 2:02 PM EST = +30; signal line is +47