STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. The algo did not print any numbers yesterday. U.S. markets experience a melt-up yesterday due to the continued Fed and BOJ easy money policies as well as money fleeing Europe. Volatility drops and semiconductors explode higher providing the bull fuel. Copper was weak remaining in the bear camp. The bulls need JJC 43.90 to ignite more upside. The bears need to move VIX above 14.40 to initiate market selling. If JJC stays under 43.90 and VIX under 14.40, the markets will float along sideways with an upward bias.

For the SPX starting at 1588, the bulls need to push up through 1589, only about one point higher, to further accelerate the market upside. The bears need to retrace yesterday's move to develop any downside mojo, a formidable task. More importantly, the bears will try to prevent any further drop in the VIX now at 12.36. Markets remain erratic and unstable.

4/12/13; 10:00 AM EST =

4/9/13; 12:32 PM EST = +49; signal line is +39; go long 1568; (Benchmark SPX for 2013 = +10.0%)(Keybot this trade = -0.4%; Keybot for 2013 = +1.1%)(Actual this trade = -0.5%; Actual for 2013 = +1.1%)