Saturday, March 23, 2013

STOCK MARKET BULLISH -- LONG-- CAUTION

Keybot the Quant remains long through the weekend. Volatility remains the key; the market bears need VIX 14.95 to begin any serious selling. This level and others can be identified tomorrow once the regular Sunday numbers print. Interestingly, Keybot whipsawed this week going short but then returning to the bull camp, then markets sold off again on Thursday but note that the VIX did not move above 14.95 like it did earlier in the week. That told you that the broad indexes would recover since volatility was not on the bandwagon (above 14.95), and, sure enough, the broad indexes recovered on Friday. The bulls are driving the bus.

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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