STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains long as the market drama continues. VIX came up to tease the 14.20 bull-bear line but remains one nickel on the bull side. Copper is very weak. JJC is at 40.20 and the 39.82 level will usher in market trouble. GTX is causing bullishness above 4807. Ditto UTIL remaining above 473.37.  For next week, the 473.37 level is meaningless and instead, 476.89 is key. Thus, into the Friday close, watch UTIL 477. Any closing print in this neighborhood and under tells you the markets will be weak Monday morning. If UTIL remains above 477, bulls will be happy. All 4 parameters above are bullish; bears need any one or more to cross the levels shown to create market negativity. If any 2 of the 4 parameters turn bearish, and the SPX drops under 1801, and remains under, Keybot will likely flip short.

For the SPX starting at 1810, the bulls need to touch the 1811 handle and an acceleration will occur through the all-time high at 1814 in a heartbeat with price moving to 1820. If UTIL moves above 492.25, the SPX will be moving above 1820. The bears need to push under 1801 to accelerate the downside. A move through 1802-1810 is sideways action. Huge trading volume is expected due to OpEx and the S&P and Nasdaq rebalancing so a wild day may be on tap. The bulls are driving the bus but markets remain erratic and unstable. The imminent turn notation is displayed but if all 4 parameters above remain bullish, the bears got nothing.

12/22/13; 7:00 PM EST =

12/19/13; 10:36 AM EST = +60; signal line is +37

12/19/13; 10:11 AM EST = +46; signal line is +36