STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short. The algo is tracking 4 parameters most affecting market direction currently; utilities, commodities, copper and volatility. The bulls need UTIL 506.22 today to send markets higher. At 4 PM, this number clicks to 504.41, an easier threshold for bulls to cross, and this UTIL 504.41 number will be important for every day next week. If UTIL closes above 504.41 today, the markets are set up for bullish buoyancy come Monday morning. If UTIL finishes under 504.41, it is a win for market bears moving forward. The bulls also need GTX above 4874 to send equities higher. If UTIL moves above 506.22 today, or GTX above 4874, and the SPX moves above 1768.50 and stays above, Keybot will likely flip long.

The bears need to either push JJC under 40.20 or volatility above 14.60 to lock in a downward path for equities. Copper is higher in early trading. For the SPX starting at 1757, the bulls need to move above 1768.50 to accelerate the upside. The bears need to push under 1756 to accelerate the downside which should occur if the S&P futures are one point negative, however, S&P futures are +2 at this writing about 4-1/2 hours before the opening bell. A move through 1757-1768 is sideways action. Watch the 4 parameters above (UTIL 506.22, GTX 4874, JJC 40.20, VIX 14.60) since any change will dictate market direction. The EOM pre-scheduled number results in no changes to the algo number or signal line number.

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

10/31/13; 7:00 PM EST EOM = +46; signal line is +54

10/30/13; 1:17 PM EST = +46; signal line is +54