STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long moving into the new week of trading. The bulls came to play on Friday driving copper higher and in the last couple minutes of trading pushing UTIL above the 493.72 bull-bear line. The bulls are cruising. Bears need UTIL under 493.72 and/or copper, JJC, under 40.33, to stop the market upside. If not, the bulls will push the SPX up to new all-time highs.

For the SPX starting at 1842, the bulls need less than one point higher, to push up through 1843 and the move to new all-time highs will occur quickly. Therefore, any green in the overnight futures will set this path in motion. The bears need to push under 1833 to accelerate the downside. A move through 1834-1842 is sideways action. The caution flag remains out but the bulls are in firm control. The bears need weaker utilities and copper. Keybot prints two pre-scheduled numbers this week both on Friday morning. 

1/19/14; 7:00 PM EST =

1/17/14; 10:00 AM EST =

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

1/12/14; 7:00 PM EST = +65; signal line is +48

1/10/14; 3:59 PM EST = +65; signal line is +47

1/10/14; 12:50 PM EST = +49; signal line is +47

1/10/14; 12:15 AM EST = +65; signal line is +47

1/10/14; 11:02 AM EST = +49; signal line is +46