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

Keybot the Quant remains long as the new week of trading begins and the algo prints a number shortly after the opening bell. Copper was weak overnight until before the opening bell when it catches a bid creating market buoyancy and the SPX is now considering a test of the all-time high at 1814. Watch JJC 39.67, GTX 4811, VIX 14 and UTIL 492.10. Copper, commodities and volatility are all in the bull camp, hence, the markets float higher. Utilities tumble lower today but they simply remain status quo bearish not offering any further market negativity.

GTX keeps teasing 4811 this morning. Bears need sub 4811 to cap the equity upside and weaken the markets. Bears are also teasing VIX 14 and need to move above to start the market selling. Ditto JJC 39.67. Bears need sub 39.67 to initiate market selling. This behavior illustrates the continuing market indecision. Thus, the bulls are pushing higher but the broad indexes remain very much a coin-flip. Conceivably, the bears could cause strong selling if they reverse JJC, GTX and VIX which are all dancing on the bull-bear lines in the sand. Bulls will receive further upside juice with UTIL 492.10. The week starts off with lots of drama and copper, commodities and volatility are steering the market ship forward. Watch JJC 39.67, VIX 14 and GTX 4811 as the bull-bear lines in the sand that will dictate market direction (all 3 are currently causing market bullishness). GTX is at 4812 clinging on to the bull side with one fingernail.

12/15/13; 7:00 PM EST =

12/9/13; 9:46 AM EST = +60; signal line is +35

12/8/13; 7:00 PM EST = +44; signal line is +34