STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. The bulls are cruising with their foot on volatility's neck; the VIX is under 12. The market bears need to push the VIX above 15. The VIX is expected to jump higher at anytime so the move to 15 can happen quickly.  However, the broad indexes will continue to float higher with the VIX under 15.  The bulls can gain additional fuel by pushing commodities, GTX, above 4930, now at 4880. All sectors are bullish except for materials sectors such as copper and commodities that remain bear-friendly.

For the SPX starting Friday at 1563, another new multi-year high and high for 2013, the bulls only need a smidge of green in the futures and its off to the races above with the SPX punching up through the all-time closing high at 1565 in quick order. The all-time high at 1576 would be targeted next. The bears need to push under 1555 today to accelerate a downside move to test 1548. A move through 1556-1562 is sideways action. Keybot prints a pre-scheduled number this morning so the action can be updated at that time.

3/17/13; 7:00 PM EST =

3/15/13; 10:00 AM EST =

3/10/13; 7:00 PM EST = +49; signal line is +42