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

Keybot the Quant is short but the algo wants to flip long. Today's close is a repeat finish of yesterday with a wild upside orgy in the last few minutes of trading. The market bulls are helping their case greatly and if the bears do not want to take equities lower, then the bulls will step in and take the broad indexes higher. For Thursday, watch XLF 20.01, UTIL 483.53, JJC 40.13 and GTX 4889. Financials, utilities and copper are causing market bullishness while commodities are causing bearishness, respectively. Bears need at least one of the XLF, UTIL or JJC parameters to turn bearish, otherwise, they got nothing. Bulls need to push GTX above 4889 and that will signal further market upside ahead and the SPX likely on its way to 1700+.

If the SPX, starting at 1694, prints a positive number tomorrow after the opening bell, and stays positive, above 1694 and higher, Keybot will likely flip to the long side. Thus, the overnight futures are important. Any sign of green futures will indicate a big bull up day on tap tomorrow with the SPX jumping from 1694 up to 1700+ and Keybot likely flipping to the long side. The opening bell is important. Bears need lower financials, utilities and/or copper, otherwise, they will fold like a cheap suit and bulls will take over market control. Markets remain erratic and indecisive and a big market directional decision is on tap for tomorrow.

10/4/13; 9:00 AM EST =

10/2/13; 3:58 PM EST = +50; signal line is +36 but algorithm remains short

10/2/13; 2:38 PM EST = +34; signal line is +36

10/2/13; 1:25 PM EST = +50; signal line is +37 but algorithm remains short