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

Keybot the Quant remains short moving into the new week of trading but that may change minutes after the opening bell. The bulls push UTIL above 503.04 (this number is important for all 5 days this week) which will help create market upside. The bears need to push UTIL under 503.04 or the SPX will likely move ten handles higher. If UTIL stays above 503.04, and the SPX prints above 1798.50, and holds above, Keybot will likely flip to the long side. The algo has been looking for an imminent turn to the long side for the last week and one-half but the bears have been able to ward off the threat, so far.  Early Monday morning trading after the opening bell is critical. If the S&P futures show a smidge of green overnight, the path higher is set in stone.

The bears need to keep the overnight futures negative and to send the SPX under 1791 to gain any downside mojo. A move through 1792-1798 is sideways action for Monday. The bulls are ready to verify the upside market orgy move and continued upside with UTIL 503.04 and SPX 1798.50 in the opening minutes of trading tomorrow. Keybot does not print any pre-scheduled numbers this week so the market action dictates the algo action. Last week, Keybot motored along without printing any numbers which is uncharacteristic behavior. The bears are driving the bus to begin the week but the bulls have their hands on the wheel and are ready to sit in the driver's seat.

11/24/13; 7:00 PM EST =

11/17/13; 7:00 PM EST = +30; signal line is +42