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

Keybot the Quant remains short but is champing at the bit to go long with the algo number 2 points above the signal line. All the necessary parameters are not yet latching to permit the move to the long side. If the SPX moves above 2511, starting the day at 2510, Keybot will likely flip long hence the imminent turn notation remains in the title line. S&P futures are -1.

The bulls rallied copper yesterday which slapped the bears in the face. Market bears need either JJC under 33.42 and/or VIX above 10.89 and stocks will sell off. Market bulls need higher utility stocks to keep inching the major stock indexes higher.

Watch UTIL 725.27 (utilities) extremely closely today. This number is the key bull-bear line in the sand for all of next week so it is important where UTIL ends today in relation to 725.27. UTIL begins the Friday trade at 724 which is bear friendly. Stocks will begin next week on the downside on Monday if UTIL ends today below 725.27. If UTIL ends today above 725.27, that hints that stocks will remain buoyant and rallying higher come Monday.

So bulls need SPX above 2511 and the model will likely flip long. Bulls also need UTIL above 725.27 starting right away and remaining above this level all through next week.

Bears need to prevent SPX 2511 from printing today. Bears also need JJC below 33.42 (copper futures are negative) and VIX above 10.89 to create downside carnage. Bears must keep UTIL below 725.27 and headed lower over  the next six days. Keybot prints a pre-scheduled  number this morning at 10 AM EST. The beat goes on.

10/1/17; 7:00 PM EST EOM EOQ3 =

9/29/17; 10:00 AM EST =

9/28/17; 10:28 AM EST = +84; signal line is +82 but algorithm remains short

9/28/17; 9:53 AM EST = +68; signal line is +82

9/28/17; 9:46 AM EST = +84; signal line is +82 but algorithm remains short

9/26/17; 10:00 AM EST = +68; signal line is +82