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

Keybot the Quant remains short as the new trading week is set to begin. Markets are in a choppy sideways pattern chewing up bulls and bears. Commodities and utilities are causing market bearishness, GTX 4889 and UTIL 483.53 and 485.90, respectively, so the bulls must regain one of these levels to push markets higher. UTIL closed at 480 on Friday so utes will create market weakness at the opening bell. Financials and copper are causing the market upside, XLF 20.01 and JJC 40.13, respectively, so the bears need to push prices under one or both of these levels to gain downside energy.

For the SPX starting at 1691, the bulls have the easy road, only needing to push one-point higher, and touch the 1692 handle, to create an upside acceleration to 1700+, so watch the futures overnight to see if the bulls have the upper hand to begin the week. The bears need to push under 1678 to accelerate the downside. A move through 1679-1691 is sideways action for Monday. Keybot prints one pre-scheduled number this week on Friday morning. The algo wants to flip to the long side as evidenced by the algo number higher than the signal line number, however, the internal programming rules will not yet permit the move to the long side. At the opening bell, the algo number will likely drop lower due to lower utilities. Markets are a crap-shoot right now, very indecisive and erratic. Flip a coin.

10/13/13; 7:00 PM EST =

10/11/13; 10:00 AM EST =

10/6/13; 7:00 PM EST = +34; signal line is +25 but algorithm remains short

10/4/13; 12:42 PM EST = +34; signal line is +25 but algorithm remains short