STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long.  Copper jumped over to the bull side today which sent markets higher.  The broad indexes are now most affected by copper, JJC, and semiconductors, SOX.  JJC is bullish and SOX is bearish.  Watch JJC 48.10 and SOX 418.50. Bulls will soldify an extended upside run ahead if SOX punches up thru 418.50.  Bears will stop the upward move and reverse markets lower if JJC drops back under 48.10. Markets move sideways if status quo is in place with JJC over 48.10 and SOX under 318.50.

For the SPX on Friday starting a couple pennies shy of 1400, over the critical 1399 resistance, the bulls need to touch 1402, two points away, and the upside bull party will continue.  The bears need to push under 1387.25, about 12 points lower, and the downside will accelerate.  A move thru 1389-1401 is sideways action.  Markets are highly unstable and traders are uber complacent. This is a warning signal for the days and weeks ahead and very consistent with behavior at market tops.  Stay alert and cautious. A pre-scheduled number prints at 10 AM so the trading action can be updated at that time.

4/29/12; 7:00 PM EST =

4/27/12; 10:00 AM EST =

4/26/12; 10:33 AM EST = +46; signal line 21

4/25/12; 11:59 AM EST = +30; signal line is +21; go long 1387; (Benchmark SPX for 2012  = +10.3%)(Keybot this trade = -1.8%; Keybot for 2012 = +2.0%)(Actual this trade = -2.1%; Actual for 2012 = +3.0%)