STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long moving into the Thursday session. The bears tried to push lower yesterday but did not have any energy. The algo did not print any numbers during the Wednesday session. UTIL is 475.61 well above the two key levels at 469.78 and 468.14.  Copper also remains elevated with JJC at 47.18 above the 46.45 bull-bear line in the sand. Thus, the markets remain elevated and float along sideways.

For the SPX today starting at 1520, the bulls need to touch the 1525 handle, if so, an upside acceleration to touch 1530 is on tap. The bears need to push under 1516 to accelerate a downside move. A move through 1517-1524 is sideways action. Markets appear to be topping now and the +79 reading indicates that markets should begin to roll over moving forward, however, the bears got nothing unless they can touch UTIL 469.78 or JJC 46.45. Markets are extremely unstable and erratic currently. Exercise caution.

2/15/13; 10:00 AM EST =

2/11/13; 9:37 AM EST = +79; signal line is +49