Sunday, February 16, 2014

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long during the 3-day holiday weekend. US equity markets do not reopen until Tuesday morning. Retail and volatility are key. The bulls need to push RTH above 58.70; now at 58.46 causing market bearishness. The bears need to push volatility, VIX, above 14.15; now at 13.57 causing bullishness. Markets should stagger sideways until one of the two parameters flinch.

For the SPX starting at 1839, the bulls need to push up through the strong 1843 resistance and the upside will accelerate to the all-time highs at 1848-1851. The bears need to push under 1826 to accelerate the downside. A move through 1827-1842 is sideways action. Keybot prints one pre-scheduled number this week on Wednesday morning.

2/23/14; 7:00 PM EST =
2/19/14; 9:00 AM EST =
2/16/14; 7:00 PM EST = +46; signal line is +8
2/14/14; 10:00 AM EST = +46; signal line is +7

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