Thursday, May 2, 2013

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long.  The algo prints a number this morning as volatility stumbles lower favoring the bulls. The VIX is at 13.78 well under 14.00, allowing the bulls to run the broad indexes higher. The SPX prints a new all-time high intraday today at 1597.86 so pay attention to that number. The bulls are driving the bus. Bears got nothing unless they can push VIX back above 14.

5/3/13; 9:00 AM EST =
5/2/13; 10:14 AM EST = +46; signal line is +31
5/1/13; 9:36 AM EST = +32; signal line is +31

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