Keybot the Quant is long moving into the new week of trading. The algo is tracking three key areas which are most greatly impacting broad market direction; VIX 15.85, XLF 15.65 and SOX 372.42. VIX is at 15.87 so its movement at the opening bell will immediately dictate the winner today; bears will rule the day if the VIX stays above 15.85. Even if the broad markets move up after the opening bell, if VIX remains elevated, the markets will reverse and leak lower. The bulls need to drop the VIX under 15.85 and send it lower and the broad indexes will climb higher. Both XLF and SOX are contributing bullishly to markets right now so any move to the bear camp will result in the broad indexes selling off. If both remain bullish, the markets will ride along sideways to sideways up.
For the SPX for Monday, starting at 1416, the bulls need to touch the 1419 handle and an upside market acceleration will occur. The bears need to push under 1412 and a downside acceleration will occur. A move thru 1413 (very strong support) and 1419 (very strong resistance) is sideways action. In general, bulls win above 1419, bears win below 1413. Keybot prints two pre-scheduled numbers this week on Friday morning, interestingly, only one hour apart. Markets are extremely unstable and erratic and not to be trusted. Expect the unexpected. Use caution.
1/6/13; 7:00 PM EST =
1/4/13; 9:00 AM EST =
12/31/12; 7:00 PM EST EOM EOQ4 EOH2 EOY2012 =
12/30/12; 7:00 PM EST =
12/27/12; 10:00 AM EST =
12/23/12; 7:00 PM EST =
12/21/12; 10:00 AM EST =
12/19/12; 9:00 AM EST =
12/16/12; 7:00 PM EST =
12/9/12; 7:00 PM EST =
12/7/12; 10:00 AM EST =
12/7/12; 9:00 AM EST =
12/2/12; 7:00 PM EST EOM = +19; signal line is +2
11/30/12; 11:30 AM EST = +19; signal line is +2
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