STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Qaunt remains bullish moving into the Friday session but the algo wants to go short. If the SPX drops under 1830.50, and remains under, Keybot will likely flip short. The bulls need to push JJC back above 40.29 or send UTIL above 493.65 to gain upside market fuel. Bears need to push UTIL under 482.19 or VIX above 14.09 to gain downside market fuel. If the parameters remain as is, markets will float sideways to sideways higher. JJC is very near 40.29 so watch copper in overnight trading. The direction in copper will likely send the broad indexes in that same direction. UTIL 480.00 will become an important level for next week replacing 482.19 so pay attention to this area at the closing bell.

For the SPX starting at 1838, the bulls need to push up through 1843 to accelerate the upside. The bears need to push under 1830.50 to accelerate the downside. A move through 1831-1842 is sideways action. The market bears have it in their hands if they want it. Markets remain a toss-up. Keybot prints a pre-scheduled number before the opening bell tomorrow.

1/12/14; 7:00 PM EST =

1/10/14; 9:00 AM EST =

1/9/14; 10:38 AM EST = +33; signal line is +45 but algorithm remains long