Wednesday, May 15, 2013

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long.  The algo prints two numbers today as volatility moves wildly up and down, briefly piercing through the bull-bear line at 13.20 but now back under again at 12.93. The market bulls are running again today but the wind came out of the sales as volatility climbed. The SPX punched through the 1651 resistance this morning so that caused the acceleration move to a new all-time high at 1661.49. The SPX is at 1655 up four points today. Watch VIX 13.20.

5/16/13; 9:00 AM EST =
5/15/13; 1:35 PM EST = +46; signal line is +37
5/15/13; 12:40 PM EST = +32; signal line is +37 but algorithm says stay long
5/13/13; 9:30 AM EST = +46; signal line is +37

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