STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. The SPX ran higher yesterday but faded in the afternoon. VIX 14.15 remains key. Bulls continue to keep markets buoyant if the VIX stays under 14.15 but the bears will growl above 14.15. For the SPX starting at 1585, the bulls need to attack the all-time closing high at 1593, and if this resistance gives way, the all-time high at 1597 will be tested in quick order.  The bears need to push under 1579 and the downside will accelerate, 1576 would occur quickly and likely fail.  A move through 1580-1592 is sideways action for today.  Keybot prints a pre-scheduled number at 10 AM so the market action can be updated at that time. Markets remain unstable and erratic.

4/28/13; 7:00 PM EST =

4/26/13; 10:00 AM EST =

4/23/13; 9:30 AM EST = +46; signal line is +32; go long 1569; (Benchmark SPX for 2013 = +10.0%)(Keybot this trade = -0.2%; Keybot for 2013 = +0.9%)(Actual this trade = -0.8%; Actual for 2013 = +0.5%)