Monday, March 17, 2014

STOCK MARKET BEARISH -- SHORT -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains short as the algo motors along for another day without printing any numbers. The algo considers volatility and commodities as the two main market drivers currently; VIX 14.30, which is now causing bearishness at 15.64, and GTX 4861, which is not causing bullishness at 4882 only 21 points away. Bulls need VIX under 14.30 which guarantees an upside ride higher for equities to test the all-time highs. Bears need GTX under 4861 which will send equities a leg lower and lock in sustainable downside for equities.

For the SPX starting at 1859, the bulls need to push up through 1862 and an upside acceleration will occur targeting 1868, then 1871, then 1874. The bears need to push down through 1843 to accelerate the downside to 1838 then 1832. A move through 1844-1861 is sideways action. If VIX drops under 14.30, and the SPX prints above 1862, and both remain bullish, Keybot will likely flip long. If GTX fails 4861, markets sell off. Equities remain erratic and unstable.

3/18/14; 9:00 AM EST =
3/16/14; 7:00 PM EST = +48; signal line is +51

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