STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long as the trading week gets under way. The utes, UTIL, have not been able to attain the 439 level in early trading but the semiconductors launched and are now in the bullish camp. The quant is watching UTIL 439, SOX 360.50, RTH 104.50, XLF 12.50 and SPX:VIX 35. Utes, financials and the SPX:VIX ratio remain in the bears favor while semi's and retail are helping the market bulls.

The SPX touched the 1171 level so several more upside handles were in order; the SPX now printing 1180. If UTIL can move above 439 and SPX:VIX above 35 the bullish rally will be verified and the broad markets will have strong upside legs.  If UTIL stays under 439, the SPX:VIX ratio under 35 and the SOX falls back below 360.50, then the market bears will wrestle back control. UTIL is at 437, watch that 439 level closely all this week.

10/31/11; 7:00 PM EST EOM =

10/30/11; 7:00 PM EST =

10/28/11; 10:00 AM EST =

10/25/11; 10:00 AM EST =

10/23/11; 7:00 PM EST =

10/19/11; 9:00 AM EST =

10/16/11; 7:00 PM EST =

10/14/11; 10:00 AM EST =

10/10/11; 9:30 AM EST = -40; signal line is -50

10/9/11; 7:00 PM EST = -40; signal line is -50

10/7/11; 3:40 PM EST = -40; signal line is -51

10/7/11; 3:22 PM EST = -28

10/7/11; 9:00 AM EST = -40; signal line is -52

10/6/11; 10:21 AM EST = -40; signal line is -53; go long 1146; (Benchmark SPX for 2011=-8.9%)(Keybot this trade=+0.0%; Keybot for 2011=+23.9%)(Actual this trade via DOG=+0.3%; Actual for 2011=+35.5%)