STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long after the whipsaw move today. Volatility is the king of the markets right now. The VIX closed at 12.67.  Keybot is watching 14.90 as the bull-bear line in the sand. The bulls will take the markets higher with the VIX under 14.90. The bears will growl again when the VIX moves above 14.90. It would not be surprising if the markets reverse again tomorrow for another whipsaw. The VIX will dictate the action.

For the SPX starting at 1559, the bulls need to touch the 1562 handle and the all-time closing high at 1565 will give way in quick order. The SPX will then move towards the all-time high at 1576.  The bears need to push below 1549 to accelerate the downside. A move through 1550-1560 is sideways action. Markets remain unstable and erratic and are not to be trusted. Stay alert and cautious.

3/24/13; 7:00 PM EST =

3/20/13; 11:15 AM EST = +49; signal line is +39; go long 1557; (Benchmark SPX for 2013  = +9.2%)(Keybot this trade = -1.1%; Keybot for 2013 = +1.2%)(Actual this trade = -0.8%; Actual for 2013 = +1.0%)