Thursday, February 19, 2015

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long moving into the Thursday session. The bears push VIX above 16.61 at the opening bell yesterday and began celebrating but minutes later volatility dropped destroying the bear joy. In addition, in the afternoon, UTIL moves above the 603 bull-bear line in the sand smacking the bears further. The bulls are cruising.

Bulls need higher copper and commodities to make further headway higher. Bears need either VIX above 16.61 and/or UTIL under 603 to stop the stock market rally, otherwise they got nothing.

For the SPX starting at 2100, the bulls only need a smidge of green in the S&P futures and an upside acceleration of several handles will occur. At this writing, about three hours before the opening bell, S&P futures are -2. The bears need to push under 2092 to accelerate the downside. A move through 2093-2099 is sideways action. Markets will float higher unless the VIX moves above 16.61 or UTIL moves below 603.

2/22/15; 7:00 PM EST =
2/18/15; 2:17 PM EST = +70; signal line is +45
2/18/15; 9:00 AM EST = +54; signal line is +43
2/15/15; 7:00 PM EST = +54; signal line is +42

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