Keybot the Quant remains long as the algo begins the week without printing any numbers. Bears need VIX above 16.61 to place a lid on the stock market rally. Bulls need UTIL above 603 to create a new leg higher for stocks. JJC above 32.00 will also create bull juice. The stock market is greatly impacted by volatility currently and today the VIX and SPX are both higher so one of them is wrong. As volatility goes, the stock market will move inversely.
For the SPX starting at 2100, the first closing print above 2100 in history, the bulls only need one point, to push above 2101 to keep the party going so watch for any positivity in the overnight S&P futures. The bears need to push under 2090 to accelerate the downside. A move through 2091-2100 is sideways action for Tuesday. Watch VIX 16.61. The caution flag is out since, interestingly, if the VIX moves above 16.61, and the SPX under 2090, Keybot will likely flip short.
2/22/15;
7:00 PM EST =
2/18/15;
9:00 AM EST =
2/15/15; 7:00 PM EST
= +54; signal line is +42
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