STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long thru the holiday weekend. Regular trading does not begin until Tuesday morning. The bulls need to punch thru UTIL 466.45 (now at 462.88 creating bearishness) to pave the way to SPX 1500+.  The bears need to push the JJC under 45.68 (now at 46.38 creating bullishness) or the GTX under 4935 (now at 4992 creating bullishness). If none of the three attain those numbers, the markets stumble sideways.

For the SPX at 1486 as Tuesday begins, the bulls need only a smidge of green to begin the day and an upside acceleration will occur likely targeting 1496. The bears must prevent any additional upside with all their might, while at the same time push the SPX under 1476 to accelerate the downside targeting 1472 and 1468. A move thru 1477-1485 is sideways action. Keybot does not print any pre-scheduled numbers this week so the quant is at the mercy of the market action. Utilities, copper and commodities are key as described above. Remain cautious, the market action is erratic and unstable.

1/27/13; 7:00 PM EST =

1/20/13; 7:00 PM EST = +47; signal line is +30

1/18/13; 10:00 AM EST = +47; signal line is +28