STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long moving into the Thursday session. The algo did not print any numbers yesterday except for the end-of-month (EOM) number last evening. The bull-bear fight continues with SPX sitting at 1884 resistance. Bulls will receive upside fuel and target SPX above 1900 if RTH moves above 58.86 and/or JJC above 37.48. Bears will receive downside selling energy with XLF under 21.80 and/or VIX above 14.63. If all 4 parameters remain status quo, equities will stagger sideways.

For the SPX starting at 1884, the bulls need to push above 1885, only a point or so higher, and the upside party continues with a several handle pop higher to the 1891 resistance. The bears need to push under 1873 to accelerate the downside. A move through 1874-1884 is sideways action. S&P futures are flat to -1. The bulls are driving the bus but the algo number is only 7 points from the signal line. If XLF or VIX turn bearish as described above, either one, the imminent turn status will be in play. If the SPX then drops under 1873, Keybot will likely flip short. For now, the bulls are in control. Financials (XLF 21.80) are key.

5/4/14; 7:00 PM EST =

5/2/14; 9:00 AM EST =

4/30/14; 7:00 PM EST EOM = +49; signal line is +42

4/29/14; 11:00 AM EST = +49; signal line is +40