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

Keybot the Quant is long as today's drama plays out. The algo wants to go short right now but the internal programming rules are not latching in place as yet. GTX falls under 4780 creating market negativity. Note the boost in utilities. The bulls are jamming UTIL to 506.57 since they know the consequences next week if they fail. UTIL is now printing 506.20 after running up to 507 minutes ago, spanked down from the 506.57. Isn't it amazing that Keybot can identify these price levels before they occur?

Financials, XLF, remain weak causing market negativity. Watch UTIL 506.57 and GTX 4780. Bulls need one or both of these levels to prove they want to take the indexes higher. If not, markets will weaken again. The SPX dropped under the 1777 after the open but there were whipsaw rules in play that prevented the move short. A timer has now expired and no longer affects the algo. If the SPX drops below 1772.26 today, and holds it under about 5 minutes, Keybot will likely flip short. The bears need to keep UTIL under 506.57 to prove they mean business into next week. Bulls need GTX 4780 or UTIL 506.57 to prove they want to take equities higher. For now, the bulls remain in control. Watch GTX 4780, UTIL 506.57 and SPX 1722.26.

2/2/14; 7:00 PM EST EOM =

1/31/14; 10:00 AM EST = +2; signal line is +6 but algorithm remains long

1/31/14; 9:36 AM EST = +2; signal line is +8 but algorithm remains long

1/30/14; 11:23 AM EST = +16; signal line is +10; go long 1791; (Benchmark SPX for 2014 = -3.1%)(Keybot this trade = +2.0%; Keybot for 2014 = +1.3%)(Actual this trade = +3.7%; Actual for 2014 = +2.0%)