Saturday, August 16, 2014

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long through the weekend. Friday was a circus day of trading with the sharp drop in stocks occurring late morning; in fact about 10 minutes after the last message was posted. The stock market lows hit at 12 noon straight up; the algo number came to within six points of the signal line at 1 PM but never posed any serious threat to flip short. The bulls remain in full control, however, the spike in volatility above VIX 12.87 places a lid on the market upside. Volatility and financials will rule the roost come Monday morning. The areas and levels of interest can be identified once the Sunday pre-scheduled number prints tomorrow.

8/17/14; 7:00 PM EST =
8/15/14; 2:31 PM EST = +39; signal line is +18
8/15/14; 1:05 PM EST = +23; signal line is +17
8/15/14; 12:43 PM EST = +39; signal line is +16
8/15/14; 11:58 AM EST = +23; signal line is +15
8/15/14; 10:57 AM EST = +39; signal line is +16
8/15/14; 10:00 AM EST = +53; signal line is +15

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