Sunday, April 14, 2013

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long heading into the Monday session. The bulls need to bring copper and commodities higher to receive more upside fuel. Bulls need JJC 43.65, now at 41.61.  The bears need to pull SOX down to 425.00, now at 433.63, and/or, push the VIX  up to 14.40, now at 12.06. If status quo remains with these three parameters, market float along sideways with an upward bias.

For the SPX starting at 1589, the bulls need to push up through the 1593 level and a test of the all-time high at 1597 will occur in a heartbeat. The bears will try to push under 1580 to accelerate a quick drop to test 1576. A move through 1581-1592 is sideways action. Keybot prints one pre-scheduled number this week on Tuesday morning. Markets remain erratic and unstable.

4/21/13; 7:00 PM EST =
4/16/13; 9:00 AM EST =
4/14/13; 7:00 PM EST = +49; signal line is +39
4/12/13; 10:00 AM EST = +49; signal line is +39

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