Tuesday, March 26, 2013

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long moving into the Wednesday session. The bulls are relentless to the upside ticking off highs day after day. The SPX could not, however, punch through the 1565 level. For Wednesday with the SPX starting at 1564, the bulls need only to see positive futures overnight, even by only a smidge, and an upside acceleration will occur through the all-time closing high at 1565.15 and the SPX will be on its way to the 1570's. Therefore, watch the overnight futures since any positive numbers will signal a strongly bullish day ahead. The bears must keep the futures red overnight and at the opening bell push the SPX under 1552 to accelerate the downside. A move thorough 1553-1563 is sideways action.

Volatility remains important and the bulls are cruising at VIX 12.77 well under the bull-bear danger level at 14.70. Commodities may provide further bull fuel in the days ahead if GTX moves above 4929 only 17 points away. Everything goes the bulls way day after day. Markets remain unstable and erratic.

3/29/13; 10:00 AM EST =
3/26/13; 10:00 AM EST = +49; signal line is +41
3/24/13; 7:00 PM EST = +49; signal line is +40

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