STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long after a very active day for the algorithm the most active in quite some time. Note how UTIL launched to test the UTIL 654.47 area and battled there all day; Keybot called out the exact level before it happened. This level remains key. It is not a mystery. The algorithm tracks the 50-week MA with UTIL which is currently 654.47 and price is at 654.54 seven cents above this bull-bear line in the sand creating lift in the broad stock market.

Bulls need UTIL to remain above 654.47 and head higher to prove that stocks can rally. If GTX moves above 2248, the bulls will receive more upside fuel for the stock market. The bears need to push UTIL under 654.47 and this will create weakness in the stock market. The bears will create significant downside selling if the VIX moves above 13.85.

For the SPX starting at 2205, the bulls need to move above 2210 and bingo, price pops to the all-time highs at 2213 in a heartbeat, and then higher. The bears need to push under 2198 to create a downside acceleration. A move through 2199-2209 is sideways action for Wednesday.

If UTIL moves under 654.47 and VIX above 13.85, Keybot wil llikely flip short. Also, if UTIL maintains the jogging behavior where price oscillates above and below 654.47 two or three times on Wednesday, this behavior may hint that the algo may go short if SPX drops under 2198. Watch UTIL 654.47 at the opening bell since it will tell you the market direction story.

12/4/16; 7:00 PM EST =

12/2/16; 9:00 AM EST =

11/30/16; 7:00 PM EST EOM =

11/29/16; 3:59 PM EST = +68; signal line is +50

11/29/16; 3:45 PM EST = +52; signal line is +48

11/29/16; 3:28 PM EST = +68; signal line is +47

11/29/16; 3:08 PM EST = +52; signal line is +45

11/29/16; 2:50 PM EST = +68; signal line is +44

11/29/16; 2:12 PM EST = +52; signal line is +42

11/29/16; 10:50 AM EST = +68; signal line is +41

11/29/16; 10:22 AM EST = +52; signal line is +40