Monday, December 1, 2014

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

Keybot the Quant remains long as the algo prints a couple of numbers to begin the new week of trading. Volatility bounced and the SPX collapsed but the bears could not maintain the negative pressure; so far. Watch VIX 14.47 (replacing the prievious 14.38 number). If VIX moves above 14.47 and the SPX drops under 2051, and both remain above and below these respective targets, Keybot will likely flip short. The algo number is only three points from the signal line. The bears are flexing their muscles but need higher volatility or they got nothing. Watch VIX 14.47 like a hawk.

12/5/14; 9:00 AM EST =
12/1/14; 10:23 AM EST = +58; signal line is +55
12/1/14; 9:57 AM EST = +44; signal line is +54 but algorithm remains long
11/30/14; 7:00 PM EST EOM = +58; signal line is +53

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