Sunday, March 10, 2013


Keybot the Quant is long moving into the Monday session. Over the last month, the thrust higher for the dollar and corresponding sell off in commodities and copper has surprisingly not sent the SPX lower. In fact, the broad indexes are making new highs. The Fed's monetary easing is overriding typical market relationships and pumping the equity markets higher. Commodities are key this week and if the $GTX moves above 4915, the SPX is likely on its way to 1580. The quant is also tracking volatility with a VIX 15.45 bull-bear line in the sand. VIX is at 12.59 well below which provides bull fuel. Thus, GTX at 4915 will send the broad indexes higher while VIX 15.45 will send the broad indexes lower. If GTX stays under 4915 and if VIX stays under 15.45, the broad indexes float along sideways with an upward bias.

For the SPX starting at 1551, the bulls need to touch the 1553 handle, only a point or so higher, and new all-time highs for the SPX are on the way. The bears must prevent 1553 with all their might and push the SPX under 1543 to accelerate the downside. A move through 1544-1552 is sideways action. Keybot prints only one pre-scheduled number this week on Friday morning. The bulls are cruising.

3/17/13; 7:00 PM EST =
3/15/13; 10:00 AM EST =
3/10/13; 7:00 PM EST = +49; signal line is +42
3/8/13; 9:00 AM EST = +49; signal line is +42

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