STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. The bears are given two days of chances to turn the tables but they cannot develop strength. Since the bears do not want to push markets lower, the bulls will float equities higher, and, if GTX moves above 4888, now at 4856, more upside bull fuel will be provided for the broad indexes. The bears have several opportunities available to move markets lower; UTIL 485.33, XLF 20.01, VIX 14.67 and JJC 40.00. All four parameters are bullish currently so the bears need to move at least one of them across the level shown to create market negativity.

For the SPX starting at 1693, the bears have an easy road, only needing one-point lower, to drop under 1692 and the downside will accelerate into the mid 1680's. The bulls need to touch the 1702 handle and the upside will accelerate to 1710 in quick order. A move through 1693-1700 is sideways action. Markets are very indecisive. If GTX stays under 4888, the equity upside is limited. If any of the other four parameters above turn bearish, this places a firm lid on any further market upside. If 2 of the 4 parameters above turn bearish, and the SPX drops under 1692, and remains under, Keybot will likely flip to the short side. To begin the day, the bulls remain in firm control. S&P futures are +3 about 3-1/2 hours before the opening bell.

9/27/13; 10:00 AM EST =

9/25/13; 9:48 AM EST = +64; signal line is +42

9/25/13; 9:33 AM EST = +48; signal line is +40