STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long in choppy erratic action. UTIL is under 488.48 creating market negativity. Keep watching this number as well as UTIL 481.15 which would signal serious market trouble. The algo number is only three ticks from the signal line so the caution flag is out. The bulls are driving the bus but the markets are shaky.

6/23/13; 7:00 PM EST =

6/19/13; 2:18 PM EST = +33; signal line is +30

6/18/13; 10:25 AM EST = +49; signal line is +30

STOCK MARKET BULLISH -- LONG

Keybot the Quant is bullish moving into the Wednesday session. UTIL moves above 488.48 yesterday lighting the path higher for equities. The bulls are cruising with UTIL above 488.48 (this number is important through Friday) and GTX above 4764. Bears got nothing unless they can move UTIL and GTX lower. For the SPX starting at strong S/R at 1652, the bulls only need two points, to punch through 1654, and the upside bull party will continue to 1659 and 1661.  The bears need to push under 1640 for the downside to accelerate to 1636 quickly. A move through 1641-1653 is sideways action. Markets remain very erratic and unstable.

6/23/13; 7:00 PM EST =

6/18/13; 10:25 AM EST = +49; signal line is +30

6/18/13; 9:00 AM EST = +33; signal line is +30

STOCK MARKET BULLISH -- LONG

Keybot the Quant is long. UTIL moves above 488.48 so the bulls are cruising. SPX punches up through 1646.50 creating a quick jump to near 1648 but price should receive much more oomph to at least attack the 1649-1650 resistance, as long as UTIL stays above 488.48. Bears are trying to push UTIL back under 488.48 to create market selling pressure.

6/23/13; 7:00 PM EST =

6/18/13; 10:25 AM EST = +49; signal line is +30

6/18/13; 9:00 AM EST = +33; signal line is +30

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long as the Tuesday session begins. The pre-scheduled number results in no change. UTIL is 486.87 under the critical 488.48 for this week but above the 481.15. GTX jumps higher to 4782 above the 4764 bull-bear line in the sand. Markets are status quo. SPX is at 1644 and climbing towards the 1646.50 number that is important for today.  The markets will run out of gas if UTIL does not move above 488.48. If UTIL takes out 488.48 to the upside, then the SPX should run through 1646-1647 on its way to 1649-1650. 

6/23/13; 7:00 PM EST =

6/18/13; 9:00 AM EST = +33; signal line is +30

6/17/13; 2:15 PM EST = +33; signal line is +30

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long but the markets remain a coin-toss. Equities are erratic and unstable fighting for a direction forward and can go either way. The algo number is only three ticks from the signal line showing that markets are in a tug-o-war right now. Yields popped late afternoon yesterday which sent utilities lower. UTIL failed the 488.48 line which makes for happy bears, but, is above the 481.15 line which makes for happy bulls. Watch 488.48 and 481.15 closely today. Watch GTX 4764, commodities, with price only a few ticks above favoring the bulls. If GTX drops under 4764 today, it will create market negativity. Keybot should whipsaw back to the short side today if either the UTIL 481.15 or GTX 4764 fails, and the SPX drops under 1631. If UTIL stays above 481.15 and GTX above 4764, the bulls will continue driving the bus.

For the SPX starting at 1639, the bulls need about 7 or 8 points of upside, to punch up through 1646.50, and the upside will accelerate with an immediate test of the important 1649-1650 resistance occurring. The bears need to push under 1631 to accelerate the downside which will test 1626-1627 support in quick order.  A move through 1632-1645 is sideways action today. Keybot prints a pre-scheduled number at 9 AM so the action can be updated at that time.

6/23/13; 7:00 PM EST =

6/18/13; 9:00 AM EST =

6/17/13; 2:15 PM EST = +33; signal line is +30

6/17/13; 1:03 PM EST = +49; signal line is +31

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long with the algo printing two more numbers today.  Utilities are dancing to and fro around the UTIL 488.48 bull-bear danger line. Watch UTIL 488.48 and GTX 4764.

6/18/13; 9:00 AM EST =

6/17/13; 1:03 PM EST = +49; signal line is +31

6/17/13; 12:11 PM EST = +33; signal line is +30

6/17/13; 9:30 AM EST = +49; signal line is +31; go long 1638; (Benchmark SPX for 2013 = +14.9%)(Keybot this trade = -1.0%; Keybot for 2013 = +6.8%)(Actual this trade = -2.0%; Actual for 2013 = +5.1%)

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant flips to the long side at the open at SPX 1638. UTIL explodes above the critical 488.48 for this week and GTX stays above 4764 verifying the bullish call. As always, stay alert for a whipsaw back to the short side again. The algo program lost one percent on the last trade and the actual trading lost -2.0%. Keybot flipped out of SDS and into SPY. The algo is now using single ETF's again due to the market instability. The double ETF's will return if a whipsaw does not occur (if Keybot stays long for at least 48 hours). Watch UTIL 488.48 and GTX 4764 for clues moving forward. For now the bulls are driving the bus but the markets remain a toss-up.

6/23/13; 7:00 PM EST =

6/18/13; 9:00 AM EST =

6/17/13; 9:30 AM EST = +49; signal line is +31; go long 1638; (Benchmark SPX for 2013 = +14.9%)(Keybot this trade = -1.0%; Keybot for 2013 = +6.8%)(Actual this trade = -2.0%; Actual for 2013 = +5.1%)

6/16/13; 7:00 PM EST = +49; signal line is +31 but algorithm says stay short

6/14/13; 10:00 AM EST = +49; signal line is +30 but algorithm says stay short

6/14/13; 9:30 AM EST = +50; signal line is +28 but algorithm says stay short

6/13/13; 2:00 PM EST = +36; signal line is +27 but algorithm says stay short

6/13/13; 1:45 PM EST = +20; signal line is +27

6/13/13; 12:47 PM EST = +36; signal line is +27 but algorithm says stay short

6/13/13; 12:37 PM EST = +20; signal line is +27

6/12/13; 11:51 AM EST = +4; signal line is +28; go short 1622; (Benchmark SPX for 2013 = +13.7%)(Keybot this trade = -0.7%; Keybot for 2013 = +7.8%)(Actual this trade = -1.4%; Actual for 2013 = +7.1%)

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

Keybot the Quant is bearish through the weekend. The increased volatility is causing ever-larger point swings in the broad indexes. The algo is most fixated on two parameters; utilities and commodities. Watch UTIL 488.48 and GTX 4763. If UTIL jumps above 488.48 after the opening bell, the bulls got game. If the GTX drops under 4763, the bears got game.

For the SPX starting at the strong 1626-1627 support/resistance, the bulls need to push above 1640 and the upside will accelerate for a test at 1649-1650 resistance. The bears need to push under 1624 to signal the all-clear for accelerated downside. The SPX will drop to test 1618 then 1614. A move through 1625-1639 is sideways action to begin the week. Keybot wants to flip long but the internal programming rules are not aligned properly to trigger the move. If the SPX moves above 1641, Keybot will likely flip long. If GTX drops under 4763 that will tell you immediately that the bears will be favored in Monday trading and the flip to the long side may be taken off the table. Keybot prints one pre-scheduled number this week on Tuesday morning. The markets remain erratic and unstable and can move either way; use UTIL 488.48 and GTX 4763 as key metrics to gauge market direction.

6/23/13; 7:00 PM EST =

6/18/13; 9:00 AM EST =

6/16/13; 7:00 PM EST = +49; signal line is +31 but algorithm says stay short

6/14/13; 10:00 AM EST = +49; signal line is +30 but algorithm says stay short

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

Keybot the Quant remains short through the weekend. The algo idled along on Friday without printing any numbers after the 10 AM pre-scheduled number. A wild week of trading action occurs with a big down Wednesday, big up and recovery Thursday, then big down on Friday again. The algo was a hair away from whipsawing back to the long side at the Thursday close at 1638+ but the internal programming rules would not trigger the move and then on Friday the bears growl again. Commodities, GTX, is 4775, above the 4763 bull-bear line so this helps the bull case next week. UTIL finished at 485.33 between the two critical bull-bear levels, one at 481.00 and the other at 488.48. The move in UTIL at Monday's opening bell will provide a direct gauge on market direction depending on which direction it chooses. The imminent turn notation remains in place since Keybot wants to go long but is held back by internal programming rules. If market bullish, you want to see the SPX move above 1641 and higher to signal the all-clear for upside. If bearish, you want to see UTIL and GTX weaken to increase the market selling pressure. Next week's areas and levels of interest can be provided tomorrow once the Sunday pre-scheduled number prints. 

6/16/13; 7:00 PM EST =

6/14/13; 10:00 AM EST = +49; signal line is +30 but algorithm says stay short

6/14/13; 9:30 AM EST = +50; signal line is +28 but algorithm says stay short

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

Keybot the Quant remains short but the algo wants to flip to the long side. Other programming rules are not yet lined up properly to trigger the move. Note that GTX jumped higher at the open and will help the bulls. Also, UTIL jumps to a HOD at 488.22 only pennies from the 488.48 number that Keybot is calling out as important for all next week. The bulls appear to have the strength to run higher but the SPX is not yet on board today. Watch to see if the SPX starts running higher.

6/16/13; 7:00 PM EST =

6/14/13; 10:00 AM EST = +49; signal line is +30 but algorithm says stay short

6/14/13; 9:30 AM EST = +50; signal line is +28 but algorithm says stay short

6/13/13; 2:00 PM EST = +36; signal line is +27 but algorithm says stay short

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

Keybot the Quant is short going into the Friday session but the algo should flip long at the opening bell so the imminent turn notation is added above. Keybot would have flipped long in the final minutes of the Thursday session but the slight drop in the SPX in the final minutes held back the change. A gap-up move would cause the algo to perhaps wait about 90 minutes this morning before completing the move to the long side. Utilities recovered yesterday with UTIL moving above both 480.94 and 481.39 creating the lift in equities. Interestingly, the UTIL 481.39 number is replaced with 488.48 at 4 PM EST today. UTIL begins the day at 484.98 comfortably above the 481.39 but by the closing bell today, UTIL must move above 488.48, otherwise, markets will weaken again next week. Keybot should flip long at the open today in a whipsaw move from the move to the short side on Wednesday, and if UTIL does not move above 488.48 today, next week may be set up for another whipsaw back to the short side. Obviously, the markets remain erratic and unstable.

A pre-scheduled number prints at 10 AM so the market action and the likely move to the long side can be updated as the morning progresses. Commodities are important and the bulls will receive upside fuel if GTX moves above 4759 (now at 4738). For the SPX today starting at 1636, the bulls need to move above 1639 and the upside will accelerate likely towards a test of the 1649-1650 resistance. The bears need to retrace yesterday's move, a formidable task, but not impossible, as shown by yesterdays action with the bulls retracing the prior day's bear move. The bears will likely instead focus on pushing UTIL back under 481.39 and especially keeping UTIL under 488.48 at the closing bell today.

6/16/13; 7:00 PM EST =

6/14/13; 10:00 AM EST =

6/13/13; 2:00 PM EST = +36; signal line is +27 but algorithm says stay short

6/13/13; 1:45 PM EST = +20; signal line is +27

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short as UTIL plays around at the critical 481.39. Here comes another push higher.....

6/16/13; 7:00 PM EST =

6/14/13; 10:00 AM EST =

6/13/13; 1:45 PM EST = +20; signal line is +27

6/13/13; 12:47 PM EST = +36; signal line is +27 but algorithm says stay short

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short but the bulls are fighting back today sending UTIL above both the 480.94 and 481.39 levels creating broad market upside. Keybot is in position to whipsaw back to the long side but other programming rules are not in place to trigger the move. The SPX likely needs to print above 1638 today to trigger the move back to the long side so watch UTIL 480.94 and 481.39 and SPX 1638 very closely as the afternoon progresses.

6/14/13; 10:00 AM EST =

6/13/13; 12:47 PM EST = +36; signal line is +27 but algorithm says stay short

6/13/13; 12:37 PM EST = +20; signal line is +27

6/12/13; 11:51 AM EST = +4; signal line is +28; go short 1622; (Benchmark SPX for 2013 = +13.7%)(Keybot this trade = -0.7%; Keybot for 2013 = +7.8%)(Actual this trade = -1.4%; Actual for 2013 = +7.1%)

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant is short moving into the Thursday session. The algo idled along for the remainder of Wednesday without printing any additional numbers after the flip to the short side. The market bulls need to send utilities and/or commodities higher to reverse the down move in the broad indexes, so watch UTIL 480.94, UTIL 481.39 (now at 478.04) and GTX 4758 (now at 4709). Markets will steadily recover to the upside if these levels are attained.  For the bears, more downside market fuel will occur with SOX (semiconductors) dropping under 454.85 (now at 458.33) and/or XLF 19.25 (now at 19.44).

For the SPX starting at 1613, the bears only need two points lower, to drop under 1611, and the downside will accelerate towards 1600. The bulls have a tougher road ahead for today, needing to push the SPX up to 1638 to stop the market slide and regain upside momentum, a formidable task but not impossible. A move through 1612-1637 is sideways action today. If the utilities sector recovers and the algo moves towards the bull side wanting to go long, Keybot will likely not flip long today unless the SPX 1638+ is attained. The bears are driving the bus. S&P futures are -8 about three and one-half hours before the U.S. opening bell. Markets remain very erratic and unstable.

6/16/13; 7:00 PM EST =

6/14/13; 10:00 AM EST =

6/12/13; 11:51 AM EST = +4; signal line is +28; go short 1622; (Benchmark SPX for 2013 = +13.7%)(Keybot this trade = -0.7%; Keybot for 2013 = +7.8%)(Actual this trade = -1.4%; Actual for 2013 = +7.1%)

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant flips to the short side a short time ago at SPX 1622.  The market bears should be in good shape unless UTIL regains 481.00. The algo program lost a smidge on the last trade and the actual trading lost -1.4%. Keybot flipped from SSO into SDS. As always stay alert for a whipsaw move either today or tomorrow. Keep watching the utilities.

6/14/13; 10:00 AM EST =

6/12/13; 11:51 AM EST = +4; signal line is +28; go short 1622; (Benchmark SPX for 2013 = +13.7%)(Keybot this trade = -0.7%; Keybot for 2013 = +7.8%)(Actual this trade = -1.4%; Actual for 2013 = +7.1%)

6/12/13; 10:45 AM EST = +4; signal line is +29 but algorithm says stay long

6/12/13; 10:40 AM EST = +20; signal line is +29 but algorithm says stay long

6/9/13; 7:00 PM EST = +36; signal line is +30

6/7/13; 10:02 AM EST = +36; signal line is +30; go long 1633; (Benchmark SPX for 2013 = +14.5%)(Keybot this trade = +1.7%; Keybot for 2013 = +8.5%)(Actual this trade = +3.0%; Actual for 2013 = +8.5%)

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

Keybot the Quant remains long but utilities have failed both the UTIL 481.39 and 481.00 levels signaling trouble ahead. The anticipation is that markets should start to accelerate lower but the bulls are hanging on. The SPX LOD is 1624.24 not under 1623 as yet. Keybot wants to flip short but the internal programming rules are not yet lined up properly. Flip a coin, markets are at an inflection point right now. If UTIL stays under 481, the broad indexes should sell off. The turn may be imminent; watch to see if SPX sub 1623 occurs.

6/14/13; 10:00 AM EST =

6/12/13; 10:45 AM EST = +4; signal line is +29 but algorithm says stay long

6/12/13; 10:40 AM EST = +20; signal line is +29 but algorithm says stay long

6/9/13; 7:00 PM EST = +36; signal line is +30

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

Keybot the Quant is long going into the Wednesday session. The drama with the utilities sector will continue today with UTIL 481.39 and 481.00 key lines in the sand (UTIL now at 482.15). The broad indexes will noticeably worsen if UTIL 481.39 fails and deteriorate rapidly if 481.00 fails. Of course, like yesterday, if the bulls can keep their head above water, and keep UTIL above 481.39, the broad indexes will recover and move higher. The bulls need to move commodities higher to receive upside fuel so watch GTX 4755 (now at 4691). If UTIL 481.39 fails, and the SPX drops under 1623, Keybot will likely flip to the short side. If the SPX stays above 1623 all day long, Keybot will likely remain long.

For the SPX today starting at the strong 1626-1627 support/resistance, the bulls need to touch the 1640 handle, 14 points higher, to accelerate the upside and signal the all-clear for bullish markets ahead. The bears have an easier road ahead only needing three points lower, to drop under 1623, to accelerate the downside which will likely tag 1618 and 1614 in short order. A move through 1624-1639 is sideways action today. The S&P futures are up +7 at this writing about six hours before the U.S. open. Utilities are key to market direction right now; watch UTIL 481.39 like a hawk today. The 10-year yield rising hurts utes and the yield is up a couple of ticks this morning to 2.21%. Keybot did not whipsaw since the move to the long side is now beyond 48 hours.

6/16/13; 7:00 PM EST =

6/14/13; 10:00 AM EST =

6/9/13; 7:00 PM EST = +36; signal line is +30

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

Keybot the Quant is long moving into the Tuesday session. The algo idled along yesterday without printing any numbers. At this juncture about four hours ahead of the U.S. opening bell, the S&P futures are down -12. Now -13. Now -14. Watch to see if UTIL loses 481.39 and 481.03. Losing UTIL 481.39 will create market negativity and position Keybot to flip back to the short side. Losing 481.03 will create far greater market negativity and selling with the SPX heading towards 1600. Independent of the drop in equities that appears on tap this morning, UTIL is the key. If 481.39 fails, the market downside is for real. If UTIL stays above 481.39, the markets will stabilize in favor of the bulls. Keybot uses a 48-hour window to determine if a whipsaw occurs, or not. Thus, if Keybot flips short before 10 AM, the algo will revert to using single ETF's again to lower risk.

For the SPX starting at 1643, the bulls need to touch the 1649 handle to accelerate the upside. The bears need to push under 1639 to accelerate the downside, and considering the deteriorating futures, price should immediately slice down through 1639 at the open. Initial support below is 1634, 1626-1627 and 1623.

6/14/13; 10:00 AM EST =

6/9/13; 7:00 PM EST = +36; signal line is +30

6/7/13; 10:02 AM EST = +36; signal line is +30; go long 1633; (Benchmark SPX for 2013 = +14.5%)(Keybot this trade = +1.7%; Keybot for 2013 = +8.5%)(Actual this trade = +3.0%; Actual for 2013 = +8.5%)

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is bullish moving into the new week of trading.  The algo is tracking four parameters; utilities, commodities, copper and volatility, in this order of importance. Watch UTIL 481.39 and 480.83. Price is above these levels and created much of Friday's bullishness. Bears need to drop UTIL under the levels shown; a failure under 480.83 and the broad indexes will be dropping dramatically. Bulls are on easy street if UTIL stays above 481.39. Watch GTX 4765, now bearish. Bulls will receive upside market fuel if GTX moves above 4765. Watch JJC 41.37, now bearish. Bulls will receive upside fuel if JJC moves above 41.37. Watch VIX 13.40, now bearish. Bulls will receive upside fuel if VIX is pushed under 13.40. If the bulls cannot achieve GTX 4765, JJC 41.37 or VIX 13.40, they got nothing, and markets will roll over again.

For the SPX starting at 1643, the bulls only need one point higher, to punch up through 1644 and an upside acceleration will occur to test the important 1646-1653 resistance area, a critical bull-bear battleground. The bears need to push under 1626, a formidable task, but not at all impossible especially in more volatile markets, and the downside will accelerate to 1622 and 1618 in short order. A move through 1627-1643 is sideways action.  Markets remain very erratic and unstable and can go either way. The window is open on Monday for a potential whipsaw move back to the short side. The bulls will be in better shape if they can get through Monday unscathed. Keybot prints one pre-scheduled number this week on Friday morning. Pay attention to UTIL 481 since, in general, bulls are in fine shape if UTIL stays above 481. If UTIL 481 fails, the markets are in serious trouble.

6/16/13; 7:00 PM EST =

6/14/13; 10:00 AM EST =

6/9/13; 7:00 PM EST = +36; signal line is +30

6/7/13; 10:02 AM EST = +36; signal line is +30; go long 1633; (Benchmark SPX for 2013 = +14.5%)(Keybot this trade = +1.7%; Keybot for 2013 = +8.5%)(Actual this trade = +3.0%; Actual for 2013 = +8.5%)

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long through the weekend.  The bulls run higher in the Friday session flipping the algo to the long side. Higher utilities create much of the upside. UTIL closed above 481.39, which is an important number for next week, so the bulls receive a feather for their cap. Utilities, volatility, commodities and copper are all important for next week. The key levels of interest can be identified for next week for these sectors once the Sunday pre-scheduled number prints tomorrow. The bulls are driving the bus again but markets remain very shaky. The caution flag remains out since the algo number and signal line are only six ticks difference.

6/9/13; 7:00 PM EST =

6/7/13; 10:02 AM EST = +36; signal line is +30; go long 1633; (Benchmark SPX for 2013 = +14.5%)(Keybot this trade = +1.7%; Keybot for 2013 = +8.5%)(Actual this trade = +3.0%; Actual for 2013 = +8.5%)