Tuesday, November 25, 2014

STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains long. Same-o fight between VIX 14.35 and JJC 36.87 continues. Copper took a sharp drop lower today losing the 3.00 level sending JJC lower. Bears cannot get any traction, however, without the VIX above 14.35. If the VIX moves above 14.35, and the SPX under 2065, Keybot will likely flip short. If VIX and JJC continue status quo, then markets float sideways with a slight upward bias into Turkey Day.

For the SPX starting at 2067, the bulls need to push above 2074 to create an acceleration to 2080. The bears need to push under 2065, only 2 points lower, to accelerate the downside. A move through 2066-2073 is sideways action for Wednesday. Markets are closed on Thursday for Thanksgiving and close early on Friday at 1 PM EST. The algo prints a pre-scheduled number tomorrow morning shortly after the opening bell. The bulls remain in control.

11/26/14; 10:00 AM EST =
11/25/14; 10:00 AM EST = +57; signal line is +51

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