Wednesday, April 18, 2012

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. The VIX popped above 19 to push the markets lower, but then fell on its sword, dropping back under 19 and the markets recovered. Use VIX 19 and the SPX 1388 support/resistance level as your guide today. Markets remain unstable so the caution flag remains out. Keybot has clicked off three numbers thus far today so the algo is active in today's trading.

4/22/12; 7:00 PM EST =
4/18/12; 11:55 AM EST = +30; signal line is +9
4/18/12; 11:32 AM EST = +16; signal line is +9
4/18/12; 9:30 AM EST = +30; signal line is +9
4/17/12; 9:50 AM EST = +46; signal line is +9

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