STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long.  Very surprising that the algorithm did not click off any numbers yesterday considering the Fed drama.  The overall posture of the market has not changed from pre-FOMC to post-FOMC; all major sectors remain bullish except for financials and copper that remain bearish.

The quandry continues in that the broad markets will be limited on the upside unless financials jump to the bullish side.  Use XLF as a guide and a 16.32 number.  If XLF moves above 16.32, the broad markets will have more upside ahead.  But, if the XLF remains under 16.32, and copper remains weak, nothing has changed, markets will drift.  Keybot continues to focus on copper, financials, utilities, retail and volatility.

Stay on guard, markets remain unstable. The XLF relation to 16.32 after the open will tell the most about broad market direction today. Pre-market print now streaming along at 16.26 which is six pennies below the critical bull-bear line.

5/8/11; 7:00 PM EST =

5/7/11; 9:00 AM EST =

5/1/11; 7:00 PM EST; EOM (April) =

4/29/11; 10:00 AM EST =

4/26/11; 10:00 AM EST = +44; signal line is +40

4/25/11; 9:30 AM EST = +44

4/24/11; 7:00 PM EST = +60

4/21/11; 9:35 AM EST = +60

4/20/11; 9:30 AM EST = +44; signal line is +42; go long 1324; (Benchmark SPX for 2011=+5.3%)(Keybot this trade=-0.7%; Keybot for 2011=+1.0%)(Actual this trade via DXD=-1.9%; Actual for 2011=-2.0%)

4/19/11; 9:00 AM EST = +28