STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long to start the new trading week.  The algo idled all week long last week and did not print one single number; very odd behavior. The bulls and bears are locked at an inflection point. Market bulls continue to need copper to cooperate, which it has not as yet and places a lid on the upside rally.  Watch JJC 43.75, now at 43.24. Bears are having difficulty reversing the upside momo. Hence, the markets languish thru a sideways range of about 1395-1405 for the last five trading days, closing at the high end of that range to finish the week. For the SPX, starting at 1406, the bulls only need a tiny smidge of green in overnight futures, pennies, and the bulls will accelerate the upside to start the new trading week.  The bears need to keep the overnight futures negative to prevent an upside run at the opening bell. A drop thru SPX 1396 will create a downside market acceleration.  A move thru 1397-1405 is sideways action. Markets remain erratic and unstable. Two pre-scheduled numbers will print this week on Thursday and Friday.

8/19/12; 7:00 PM EST =

8/17/12; 10:00 AM EST =

8/16/12; 9:00 AM EST =

8/12/12; 7:00 PM EST = +60; signal line is +44

8/5/12; 7:00 PM EST = +60; signal line is +42