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

Keybot the Quant remains long in a very active day for the algo. As highlighted this morning, volatility and copper are running the show today, VIX 13.12 and JJC 41.77, respectively. At the 10:34 AM signal, Keybot was a hair away from going short but the internal programming rules held it back.  Then the SPX runs higher to punch through the 1673 the bulls needed to accelerate the upside. The SPX petered out after a HOD at 1674.93 so only a two handle jump occurs past 1673. VIX now jumps back above 13.12 which is causing the SPX to drift lower again.

Keybot wants to flip short right now but is held back since the proper signals are not lined up correctly. Under the current conditions, the SPX needs to drop under 1662.67, and hold that failure for five minutes, and Keybot will flip short, otherwise, Keybot will remain long through the closing bell. A turn appears imminent. The bears had it in their grasp this morning, once again, only to run out of gas and let the bulls maintain control. Bears need the SPX to drop under 1663.

5/26/13; 7:00 PM EST =

5/21/13; 2:37 PM EST = +32; signal line is +44 but algorithm says stay long

5/21/13; 11:30 AM EST = +46; signal line is +44

5/21/13; 10:34 AM EST = +32; signal line is +44 but algorithm says stay long

5/21/13; 10:12 AM EST = +48; signal line is +45

5/21/13; 9:30 AM EST = +62; signal line is +45