Tuesday, December 10, 2013

STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains long as the algo prints two numbers in the early going today. At the open, the bears push equities lower because the VIX jumps above 14, but alas, the bears fold like a cheap suit as GTX moves above 4811 and then the VIX drops back below 14. Bears need VIX above 14 and/or GTX below 4811 or they got nothing. If both fail, and the SPX prints below 1803.85, and stays below, Keybot will likely flip short. For now the bulls continue steering the ship running over any bear that steps out into the crosswalk. The SPX dropped under 1806 and accelerated lower to the 1803 handle but the jump in commodities and lower volatility send markets higher.

12/15/13; 7:00 PM EST =
12/10/13; 10:07 AM EST = +60; signal line is +41
12/10/13; 9:37 AM EST = +46; signal line is +40
12/9/13; 2:26 PM EST = +46; signal line is +39

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