Thursday, March 21, 2013


Keybot the Quant remains long. The algo did not print any numbers today. The broad indexes sold off in another whipsaw move, this time to the downside, however, the VIX did not move above 14.95 so the bulls are not worried.  For Friday, watch VIX 14.95 since it will tell you the story independent of the broad market movement. Bulls win below VIX 14.95; bears win above. If the VIX moves above 14.95, Keybot will likely flip short. The quant is also tracking semiconductors with more interest. Watch SOX 421.00.  The broad indexes will sell off in force if SOX 421 fails.

For the SPX starting at 1546, the bears have the easy road, only needing two points lower, to fall through 1544 and a downside acceleration will occur into the 1530's.  Bulls need to retrace today's down move and touch the 1559 handle to create an upside acceleration to the 1565 all-time closing high in quick order.  A move through 1545-1557 is sideways action. Stay alert and cautious. Markets are very erratic.

3/24/13; 7:00 PM EST =
3/20/13; 11:15 AM EST = +49; signal line is +39; go long 1557; (Benchmark SPX for 2013  = +9.2%)(Keybot this trade = -1.1%; Keybot for 2013 = +1.2%)(Actual this trade = -0.8%; Actual for 2013 = +1.0%)

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