STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long.  VIX 14.20 is key since markets will weaken if volatility remains elevated but will strengthen if the VIX drops under 14.20. In addition to lower volatility, the bulls need to push JJC (copper) above 39.25 and/or UTIL (utilities) above 514.73 to receive upside fuel that lights the way to SPX 1700+. If volatility remains elevated and copper and utes are flat or lower, then markets drift sideways to sideways lower moving forward.

For the SPX starting at 1676, the bulls need to push 8 points higher, to touch the 1684 handle, and an upside acceleration will occur testing the all-time high at 1687 which would likely give way and send price into the 1690's. The bears need to push under the 1672 support, about 4 points lower, to create a downside acceleration that will attack the strong 1669 and 1666 support levels.  A move through 1673-1683 is sideways action. A pre-scheduled number prints at 9 AM, one-half hour before the Wednesday open, so the action can be updated at that time. The bulls are driving the bus.

7/21/13; 7:00 PM EST =

7/17/13; 9:00 AM EST =

7/16/13; 11:33 AM EST = +36; signal line is +13

7/14/13; 7:00 PM EST = +50; signal line is +11