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

Keybot the Quant remains short in an erratic and indecisive market. Copper is the bulls best friend with JJC staying above 40.19 causing market positivity. The algo is also tracking GTX 4888, RTH 54.79 and XLF 20.02. Commodities and retail are causing bullishness while financials cause market bearishness, respectively. Bulls need XLF above 20.02 to gain upside fuel. Bears need to push either JJC, GTX and/or RTH under the levels shown to gain downside fuel. GTX starts the day at 4889 one single hair on the bull side so watch this closely.

For the SPX starting at 1676, the bears have the easy road ahead, only needing one negative point, to drop under 1675 and lower, to create a downside acceleration to test the strong 1669 support where price will either bounce, or die. The bulls need to push above 1687 to ignite an upside acceleration to the strong 1691-1692 resistance. A move through 1676-1686 is sideways action. The imminent turn notation is in the title line since the algo number is only 5 points from the signal line. If the XLF moves above 20.02, and the SPX moves above 1687, Keybot will likely flip to the long side. The S&P futures are flat at this writing about 4-1/2 hours before the opening bell.

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

10/7/13; 2:57 PM EST = +16; signal line is +21

10/7/13; 1:38 PM EST = +2; signal line is +22