STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains long heading into the new week of trading.  The Friday drama around volatility will continue as soon as the opening bell rings. Very simply, if the VIX stays under 14.16, the bulls will rule the markets. If VIX pops above 14.16, it is time for the bears to growl and take the markets lower. If the VIX moves above 14.16, it is likely that Keybot will flip to the short side so the imminent turn signal notation is displayed above.

For the SPX starting at 1582, the bulls need to punch up through 1586 which will accelerate the upside to 1589 immediately, and another test of the important and strong 1593 all-time closing high is likely.  For the bears, a push under 1578 is needed to accelerate the downside. A test of the strong 1576 would occur quickly and likely fail sending the SPX towards the 1560's. A move through 1579-1585 is sideways action. Markets remain highly erratic and unstable and extreme caution is warranted moving forward. VIX 14.16 will tell you the market story after Monday's opening bell rings.

5/5/13; 7:00 PM EST =

5/3/13; 9:00 AM EST =

4/30/13; 7:00 PM EST EOM =

4/30/13; 10:00 AM EST =

4/28/13; 7:00 PM EST = +46; signal line is +32

4/26/13; 10:00 AM EST = +46; signal line is +32