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

Keybot the Quant remains bullish moving into the Thursday session. The big fight is with commodities at GTX 4879. Price is 4881 favoring bulls by two bucks creating positivity in equities. Bears need to push GTX under 4879 to place a lid on the market upside. If GTX stays above 4879, the stock market will continue floating higher. Bears would also receive downside juice from RTH 59.60 and/or VIX 14.46 but both are well away from these targets firmly in the bull camp. Bulls can receive additional upside energy with higher copper and JJC above 37.80 but copper is trading lower in early trading.

For the SPX starting at another new all-time high at 1891, the bulls only need two points higher, to push up through 1893 an acceleration will occur to test the 1900 handle. The bears need to push under 1884 to regain downside mojo. A move through 1885-1892 is sideways action. The bulls remain in firm control but the imminent turn notation remains until clarity occurs with GTX. The ECB Rate Decision is 7:45 AM EST and Press Conference 8:30 AM which will impact futures and set the market direction today. S&P futures are +1 at this writing about five hours before the US opening bell.

4/6/14; 7:00 PM EST =

4/4/14; 9:00 AM EST =

4/2/14; 2:32 PM EST = +63; signal line is +49

4/2/14; 12:49 PM EST = +49; signal line is +48