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

Keybot the Quant remains short despite another strong market up day. The algo has not printed any numbers since flipping short on Monday afternoon. The Dow is up triple digits but the VIX is stone-cold flat at 12.28. Financials and chips sent markets higher. Note how the retail sector did not gain traction today. Watch RTH 60.03, UTIL 494.10, JJC 40.42 and VIX 13.87. Bulls need retail and/or utilities to cooperate to verify the market upside. Bears need lower copper and higher volatility to get their mojo back. If RTH moves above 60.03, or UTIL above 494.10, and the SPX above 1851, and the two parameters remain elevated, Keybot will likely flip long.

For the SPX starting at 1848.38 in the Thursday session, a new all-time closing high by two pennies, the bulls need to touch the 1851 handle and the good times will keep rolling along with the wine flowing like water to the upside. The bears need to push under 1841 to accelerate the downside. A move through 1842-1850 is sideways action. The imminent turn notation remains in play; watch RTH 60.03 closely.   

1/17/14; 9:00 AM EST =

1/13/14; 2:28 PM EST = +33; signal line is +44; go short 1827; (Benchmark SPX for 2014 = -1.1%)(Keybot this trade = -0.5%; Keybot for 2014 = -0.7%)(Actual this trade = -1.1%; Actual for 2014 = -1.7%)