STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long as the bulls march higher. The SPX prints a new closing high at 1625.96 and new all-time high at 1626.03. The algo idled along all day without printing any numbers.  The bulls need to push GTX (commodities), now at 4728, over 4810 to receive upside market fuel. The bears need to push VIX (volatility), now at 12.83, over 13.75 to initiate the market selling. For the SPX starting the Wednesday session at 1626, the bulls are on easy street, only needing to see a smidge of positivity in the futures, and the SPX will run several more handles higher after the opening bell.   The bears need to push under 1617 to accelerate the downside to 1613 in quick order. A move through 1618-1625 is sideways action. The bulls are in control. Bears got nothing unless they see VIX over 13.75. Markets remain erratic and unstable.

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

5/5/13; 7:00 PM EST = +46; signal line is +31