Keybot the Quant remains long with the bulls slappin' around the bears today once volatility collapsed; the VIX falls under 16.61 creating upside market fuel. The bullls are on easy street. Bears got nothing unless they push VIX back above 16.61 and keep it above.
The SPX tags 2074 in the opening minute and catapults to 2083; the 2082 resistance level holds on the first attack. Watch VIX 16.61 as the main rudder steering the ship today. VIX is at 16.05 well under the 16.61 bull-bear line so stocks remain buoyant heading higher. Remember, volatility moves inverse to the stock market. Also take note of the weakness in utilities lurking in the background.
2/13/15;
10:00 AM EST =
2/12/15; 9:36 AM EST
= +70; signal line is +35
2/10/15;
9:36 AM EST = +56; signal line is +33
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