STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long through the weekend. Late session drama occurs as copper and commodities run higher during the last couple hours of trading creating buoyancy in the broad indexes. JJC is 41.94. The algo identifies 41.93 as the bull-bear line in the sand so the bulls went home with a feather in their caps. The copper market is very important overnight Sunday since copper will push equities in the same direction as the new week of trading begins. Next weeks areas of interest and levels can be identified once the pre-scheduled number prints tomorrow. The bulls maintain the upper hand. The bears were given an opportunity today but once volatility dropped the bulls were on easy street. The SPX prints a new all-time closing high at 1633.70 but was unable to print a new intraday high. The SPX all-time intraday high is 1635.01.

5/12/13; 7:00 PM EST =

5/10/13; 3:54 PM EST = +62; signal line is +34

5/8/13; 11:04 AM EST = +46; signal line is +33