STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long going into the Tuesday session.  Monday was uneventful and the algo did not print any numbers.  The bulls are cruising. Continue watching for JJC 44 to signal sustainable upside, or not. The SPX punched thru 1394 yesterday and stopped pennies short of 1400 at the high for the day, settling back at 1394 at the close. For today, the bulls need to touch the 1400 handle to accelerate the upside. The bears only need three points lower, to drop thru 1391, and that will accelerate the downside.  A move thru 1392-1399 is sideways action. At this writing, five hours before the opening bell, the S&P's are up five which sends the bulls towards that potential touch of 1400.

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

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

8/3/12; 9:30 AM EST = +60; signal line is +41; go long 1377; (Benchmark SPX for 2012  = +9.5%)(Keybot this trade = -1.2%; Keybot for 2012 = +9.2%)(Actual this trade = -3.3%; Actual for 2012 = +2.5%)

Note Added 8/7/12 at 10:23 AM:  Keybot is now tracking 43.75 for JJC so use that as the level of interest and not the 44.  The market bulls will run substantially higher if JJC 43.75 gives way to the upside.  The bears will begin a downside move if they can prevent JJC 43.75. As this message is written, the JJC is printing 43.66.