Thursday, March 28, 2013


Keybot the Quant remains bullish ahead of the last day of trading for the week, month and quarter. The bulls are cruising.  Commodities are recovering creating bull energy yesterday. Watch GTX 4931. Markets will remain buoyant and float higher with GTX above 4931 (now at 4936); markets will sell off if GTX drops back under 4931.  The algo continues to track volatility with interest. Watch VIX 14.65, now at 13.15.  Bulls remain in control under VIX 14.65 but bears will growl strongly if the VIX moves above 14.65.

For the SPX starting at 1563, the bulls only need one single point, to punch through 1564 and that will take out the all-time high at 1565 in quick order and send the SPX towards 1570. The bears need to push under 1552 to accelerate the downside.  A move through 1553-1563 is sideways action.

3/29/13; 10:00 AM EST =

3/27/13; 1:22 PM EST = +63; signal line is +42
3/26/13; 10:00 AM EST = +49; signal line is +41

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.