STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains long. The algo wants to flip short but the internal signals are not lining up properly to commit to the short side. Bears had another golden opportunity yesterday but could not create enough downside energy. Watch VIX 13.11, JJC 41.77 and GTX 4795. All are in the bear camp right now creating market negativity but copper is up this morning favoring the bulls once again. For the SPX starting at 1669, the bulls need to touch the 1675 handle to accelerate the upside into the 1680's. The bears need to push under 1663 to accelerate the downside. A move through 1664-1674 is sideways action. If the SPX drops under 1663, Keybot will likely flip short. If JJC moves above 41.77 or the VIX drops back under 13.11, the bulls will maintain leadership moving forward. Markets remain erratic and unstable as the bulls march higher.

5/26/13; 7:00 PM EST =

5/21/13; 2:37 PM EST = +32; signal line is +44 but algorithm says stay long

5/21/13; 11:30 AM EST = +46; signal line is +44