STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short through the weekend moving into the new week of trading. Bulls must keep UTIL above 506.22 to maintain buoyancy in the equity markets. If price drops under UTIL 506.22, the broad indexes will weaken. Copper is the key to begin the week. JJC is in the bear camp under 40.19 right now causing market bearishness. For the SPX to continue higher, the bulls need JJC above 40.19. Even if the broad indexes move higher to begin the session, if JJC does not move above 40.19, markets will retreat and leak lower. Bears must keep JJC under 40.19 and move UTIL under 506.22 to gain downside juice.

For the SPX starting at a new all-time high at 1760, the bulls only need a sliver of green in the overnight S&P futures and the upside party will continue at the opening bell moving price well up into the 1760's. The bears need to keep the futures negative overnight and push SPX under 1753 to accelerate the downside. A move through 1754-1759 is sideways action for Monday. Watch copper overnight. Up copper means the market bulls will be running but if copper is negative, the market bears may finally initiate more substantive downside. Markets remain erratic and unstable. Keybot prints two pre-scheduled numbers this week; EOM is Thursday. The imminent turn status is not displayed currently but if JJC moves above 40.19, and the SPX moves above 1760, and both remain above, Keybot will likely flip back to the long side.

11/3/13; 7:00 PM EST =

10/31/13; 7:00 PM EST EOM =

10/29/13; 10:00 AM EST =

10/27/13; 7:00 PM EST = +48; signal line is +58

10/25/13; 10:00 AM EST = +48; signal line is +58