Keybot the Quant remains short as markets move thru the sideways 1413-1421 channel since late last Thursday. The algo motored along without printing any numbers today. The SPX punched up thru 1420 but the VIX prevented the bulls from making any headway higher. For Tuesday, watch VIX 15.79, if it fails, the bulls are in clover and Keybot will filp long. The bears will try to maintain the VIX above 15.79. For the SPX starting at 1419, the bulls need to touch the 1422 handle and an upside acceleration of several handles will occur. Keybot likely wants to see 1425.90 to flip to the long side, if the VIX does not fall under 15.79. The bears need to push the SPX under 1416 to accelerate the downside. A move thru 1417-1421 is sideways action. Markets remain very indecisive, unstable and erratic. Watch VIX 15.79 and SPX 1426.
12/16/12;
7:00 PM EST =
12/9/12; 7:00 PM EST
= +17; signal line is +9 but algorithm says stay short
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