Tuesday, March 12, 2013


Keybot the Quant remains long. The algo did not print any numbers today. A standoff exists. The bulls need to push GTX up through 4930 to provide upside fuel and new all-time highs for the SPX.  The bears need to push VIX above 15.20 to increase the market selling and begin the much-awaited market correction. If GTX stays under 4930 and VIX under 15.20, the broad indexes float sideways with a slight upward bias.

For the SPX for Wednesday, starting at 1552, the bulls need to touch the 1557 handle and it will be blue skies above with the SPX on its way to the 1560's. The bears need to push under the critical and strong 1548 support, if so, that will accelerate the downside to the low 1540's.  A move through 1549-1551 is sideways action. The bulls are driving the bus. GTX and VIX will indicate the preference for market direction.

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

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