STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is bullish moving into the new week of trading.  The algo is tracking four parameters; utilities, commodities, copper and volatility, in this order of importance. Watch UTIL 481.39 and 480.83. Price is above these levels and created much of Friday's bullishness. Bears need to drop UTIL under the levels shown; a failure under 480.83 and the broad indexes will be dropping dramatically. Bulls are on easy street if UTIL stays above 481.39. Watch GTX 4765, now bearish. Bulls will receive upside market fuel if GTX moves above 4765. Watch JJC 41.37, now bearish. Bulls will receive upside fuel if JJC moves above 41.37. Watch VIX 13.40, now bearish. Bulls will receive upside fuel if VIX is pushed under 13.40. If the bulls cannot achieve GTX 4765, JJC 41.37 or VIX 13.40, they got nothing, and markets will roll over again.

For the SPX starting at 1643, the bulls only need one point higher, to punch up through 1644 and an upside acceleration will occur to test the important 1646-1653 resistance area, a critical bull-bear battleground. The bears need to push under 1626, a formidable task, but not at all impossible especially in more volatile markets, and the downside will accelerate to 1622 and 1618 in short order. A move through 1627-1643 is sideways action.  Markets remain very erratic and unstable and can go either way. The window is open on Monday for a potential whipsaw move back to the short side. The bulls will be in better shape if they can get through Monday unscathed. Keybot prints one pre-scheduled number this week on Friday morning. Pay attention to UTIL 481 since, in general, bulls are in fine shape if UTIL stays above 481. If UTIL 481 fails, the markets are in serious trouble.

6/16/13; 7:00 PM EST =

6/14/13; 10:00 AM EST =

6/9/13; 7:00 PM EST = +36; signal line is +30

6/7/13; 10:02 AM EST = +36; signal line is +30; go long 1633; (Benchmark SPX for 2013 = +14.5%)(Keybot this trade = +1.7%; Keybot for 2013 = +8.5%)(Actual this trade = +3.0%; Actual for 2013 = +8.5%)