STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long moving into the Tuesday session. Copper and volatility remain the two key market drivers currently. Watch JJC 41.92 (price is under causing bearishness) and VIX 13.25 (price is under causing bullishness). The bears need the VIX above 13.25. The bulls need JJC above 41.92. Copper is down in early trading. GTX 4810 remains as a bull-bear line in the sand and price is currently under causing market bearishness.  If VIX moves above 13.25, and the SPX drops under 1627, Keybot will likely flip short.

For the SPX at 1634, starting at a new all-time closing high (only seven pennies above Friday's closing high), the bulls need to touch the 1636 handle which is the all-time intraday high, and the 1640 handle will occur quickly.  The bears need to push under 1627 to accelerate the downside to 1618. A move through 1628-1635 is sideways action. Markets remain erratic and unstable. JJC 41.92, VIX 13.25 and SPX 1627 and 1636 tell the story today.

5/16/13; 9:00 AM EST =

5/13/13; 9:30 AM EST = +46; signal line is +37