STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long and idled along yesterday without printing any numbers. Volatility was the key yesterday receiving another beating lower which allows the stock market to move higher. Watch VIX 14.27 in the Wednesday session. VIX begins at 14.35 only eight pennies on the bear side. If VIX drops under 14.27, the broad indexes will move far higher. If VIX 14.27 holds, and volatility heads higher again, the markets will sell off.

For the SPX starting at 1652, the bulls only need two points to continue the party, to push up through 1654, and an upside acceleration will occur with a trek to 1666 likely. The bears need to push under 1643 to accelerate the downside which will target 1636 quickly. A move through 1644-1653 is sideways action. The bulls are cruising. Watch VIX 14.27 since it will likely decide market direction for the days ahead.

7/12/13; 10:00 AM EST =

7/8/13; 10:20 AM EST = +35; signal line is -2