STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long moving into the new week of trading. Note that the algo number is now only two points from the signal line. The bulls need to move commodities, GTX, above 4930 to move the SPX up to and through the all-time closing high at 1576. The bears need to move the VIX above 14.65 to initiate strong selling in the markets. Keybot will likely flip short if the VIX moves above 14.65.  If GTX stays below 4930 and VIX stays under 14.65, the markets will float sideways with a slight upward bias.

For the SPX, at a new all-time closing high at 1569, the bulls only need one single point, to push through 1570, and the test of 1576 is on tap. Therefore, the Sunday overnight S&P futures are key, watch to see if a one point gain is on tap, or not. Interestingly  China PMI hits overnight so that will likely dictate the outcome for the SPX come Monday morning. The bears need to push under 1561 to accelerate the downside. A move through 1562-1569 is sideways action. Keybot prints one pre-sheduled number this week on Friday morning. VIX 14.65 dictates market direction. The broad indexes remain highly unstable and erratic.

4/7/13; 7:00 PM EST =

4/5/13; 9:00 AM EST =

3/31/13; 7:00 PM EST EOM = +49; signal line is +47

3/29/13; 10:00 AM EST = +49; signal line is +46