Monday, December 29, 2014

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long. The algo prints one number to begin the new holiday-shortened week of trading. Volatility leaps higher maintaining a ceiling in the stock market but bears could not gather any downside momo. Bulls will not be able to move equities higher unless the VIX is pushed under 14.73 (now at 15.06 causing market negativity). Bears will keep the lid on the upside in stocks and begin creating market weakness as long as the VIX stays above 14.73.

For the SPX printing new all-time highs and starting the Tuesday session at 2091, the bulls need to touch the 2094 handle and bingo, 2100 will print in quick order. The bears need to push under 2086 to accelerate the downside. A move through 2087-2093 is sideways action for Tuesday. The bulls remain in control but the bears have stopped the rally with VIX above 14.73; watch this at the opening bell to see who wins going forward.

1/4/15; 7:00 PM EST =
12/31/14; 7:00 PM EST EOM EOQ4 EOH2 EOY 2014 =
12/30/14; 10:00 AM EST =
12/29/14; 9:36 AM EST = +46; signal line is +39
12/28/14; 7:00 PM EST = +60; signal line is +38

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