STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long and the algo does not print any numbers today. The same parameters previously listed remain in play until one of them flinch. The bulls push volatility lower with VIX at 16.96 only 35 cents from the bull-bear line in the sand at 16.61. Bulls will not achieve sustainable upside in stocks unless they push VIX under 16.61 which will result in a huge bull party into the holiday weekend.

Bears need to push NYA under 10818 and/or UTIL under 597 to receive downside selling action. Utilities are dropping like a stone. UTIL is at 605.63; continue watching the key UTIL 597 level through Friday and the 603 level is key next week. The closing print on Friday at 4 PM is critical. Market bulls are in big trouble if the week ends with UTIL under 603. Utes will only cause market mayhem this week if UTIL moves under 597.

For the SPX starting at 2069 on Thursday, the bulls need to push above 2073.50, about 5 points higher, and boom, the upside will accelerate to 2082 immediately. If VIX is under 16.61, the SPX will be headed to new all-time highs and bulls will be popping champagne corks. The bears need to push the SPX under 2058 to accelerate the downside. A move through 2059-2073 is sideways action for Thursday.

Pay attention to VIX 16.61 at the opening bell. If VIX moves higher, bears are fine and the market upside will stall. If VIX drops under 16.61 the bulls are going to bludgeon the bears. If stocks rally but VIX does not drop under 16.61, then equities will reverse and selloff. The bulls are driving the bus. 

2/15/15; 7:00 PM EST =

2/13/15; 10:00 AM EST =

2/10/15; 9:36 AM EST = +56; signal line is +33