Keybot the Quant remains long as the algo idles along during Monday trading without printing any numbers. Status quo so stocks float sideways to sideways higher. The algo is most fixated on VIX 14.70. The VIX is at 15.25 causing market bearishness so the breakout to a big upside stock market party ahead comes with the VIX under 14.70. Further upside in equities is not sustainable without VIX 14.70. The market bears need to push NYA down under 10755 to get their mojo back but price keeps floating higher to 10920.
For the SPX for Tuesdays tarting at 2079, the bulls only need to see a smidge of green in the S&P futures and an upside acceleration is on tap which appears to be the case with the S&P +4. The bears need to push under 2069 to accelerate the downside. A move through 2070-2079 is sideways action. The bulls are celebrating into Christmas but watch VIX 14.70 to see if the move higher in equities is real, or not. Keybot prints a pre-scheduled number one-half hour after the opening bell.
12/28/14;
7:00 PM EST =
12/23/14;
10:00 AM EST =
12/21/14; 7:00 PM EST
= +46; signal line is +32
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