Wednesday, February 19, 2014

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long as the algo prints the pre-scheduled number as well as a number shortly after the opening bell. The bears push VIX above 14 which helps to create a ceiling in equities but the bulls push copper higher, JJC remaining above 39.92, to help maintain that steady upside buoyancy in stocks. Same dealio. Bears need to keep VIX above 14 and moving higher and move JJC under 39.92 to send equities lower. Bulls need to keep JJC above 39.92 and pull VIX under 14 to send equities higher. Bulls will also receive juice with RTH 58.70; price is at 58.59.

The SPX 1843 resistance gave way so price shot up to a HOD at nearly 1848; the all-time closing high is 1848.38. The bulls remain in control but the gap begins to narrow with a 30-point spread between the algo number and signal line.

2/23/14; 7:00 PM EST =
2/19/14; 9:36 AM EST = +48; signal line is +18
2/19/14; 9:00 AM EST = +62; signal line is +15
2/18/14; 12:32 PM EST = +62; signal line is +13

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