Thursday, September 19, 2013

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long as the smoke clears from the Fed decision to not taper the QE easy money. The algo is pushed into the ceiling now. At its core, Keybot is an oscillator with +100 and -100 the entire range. At +79, and considering the remaining program parameters that may or may not cause the algo number to move yet higher, Keybot is likely at its loftiest level that it can attain in the current weekly time frame. The SPX prints new record all-time highs. The algo number is over 60 points above the signal line so the bulls are driving the bus in full control of the markets and the bears are now riding along in the luggage department.

The bears will focus on commodities, volatility and utilities to try and stop the upside momo. Watch GTX 4888, VIX 14.64 and the UTIL 483-487 area. Bears got nothing unless one of these levels can be achieved. For the SPX today starting at 1725, the bulls need to push up through 1729.50 to create a further upside acceleration. Bulls are cruising.



9/22/13; 7:00 PM EST =
9/18/13; 2:12 PM EST = +79; signal line is +18

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