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

Keybot the Quant is short moving into the new week of trading. Markets remain a crap shoot for nearly 3 weeks. The broad indexes drift higher but have not received the much needed confirmation energy from utilities, copper and/or commodities. Thus, bulls need UTIL 490.63 and/or JJC 39.75 to confirm the move to the SPX 1820's. Bears will take control with either UTIL 482.94 and/or VIX 13.89. So bulls need higher utilities and copper while bears need lower utilities and higher volatility. If the 4 parameters above remain in their respective camps, markets move sideways.

For the SPX starting at 1806, the bulls need to touch the 1814 handle and an acceleration to the 1820's will occur in quick order. The bears need to push under 1804, only 2 points lower, to accelerate the downside. A move through 1805-1813 is sideways action. S&P futures in early Sunday evening action are +2. Copper is flat. The algo continues to favor the bears despite the markets floating higher each day. If UTIL moves above 490.63 or JJC above 39.75, and the SPX above 1814, and stay above, Keybot will likely flip long.  If UTIL loses 482.94, this will have a trap-door affect on markets and the broad indexes should deteriorate in quick order. If UTIL moves under 483 and the VIX moves above 13.89, the markets will be selling off rapidly.  Watch UTIL 490.63, UTIL 482.94, JJC 39.75, VIX 13.89 and SPX 1814 and 1804 to determine market direction. Keybot prints 2 pre-scheduled numbers this week, both of them Friday morning. Markets remain erratic and unstable.

12/8/13; 7:00 PM EST =

12/6/13; 10:00 AM EST =

12/6/13; 9:00 AM EST =

12/1/13; 7:00 PM EST EOM = +30; signal line is +35

11/27/13; 10:00 AM EST = +30; signal line is +36