Keybot the Quant remains long as the ECB and PBOC central banker's pump global stock markets higher. Copper leaps higher but runs out of gas and returns to the bear camp with JJC under 36.99. The last two days the bears were threatening with higher volatility but ran out of gas and now the bulls are flexing their muscles but did not eat enough Wheaties. So the beat goes on.
The fight continues between volatility and copper that the algo considers the key two parameters affecting market direction for over two weeks time. Watch VIX 14.36 and JJC 36.99. One of them will flinch. The bulls continue driving the bus. Bears would need VIX above 14.36 and SPX under 2040.50 to likely flip the model to the short side.
VIX is at 13.51. SPX is at 2060. JJC is at 36.66. There is about one hour of trading remaining in the week.
The fight continues between volatility and copper that the algo considers the key two parameters affecting market direction for over two weeks time. Watch VIX 14.36 and JJC 36.99. One of them will flinch. The bulls continue driving the bus. Bears would need VIX above 14.36 and SPX under 2040.50 to likely flip the model to the short side.
VIX is at 13.51. SPX is at 2060. JJC is at 36.66. There is about one hour of trading remaining in the week.
11/23/14;
7:00 PM EST =
11/21/14; 11:01 AM
EST = +61; signal line is +50
11/21/14; 10:24 AM
EST = +77; signal line is +50
11/20/14;
9:36 AM EST = +61; signal line is +49
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