Thursday, July 16, 2015


Keybot the Quant remains long. Volatility ran higher yesterday but the VIX could not overcome the 14 level so the bears got nothing. Bears need either VIX above 14 and/or NYA under 10918 to stop the upside stock market rally. The bulls will receive upside juice from stronger semiconductors and the INTC positive earnings will boost the chip sector.

For the SPX starting at 2107, the bulls need to push above 2114 to accelerate higher above 2120 in a flash. The bears need to push under 2102 to accelerate the downside that will target the low 2090's in quick order. A move through 2103-2113 is sideways action. S&P futures are +7 four hours before the opening bell which would target the SPX 2114 resistance. The algo has not printed any numbers since Monday.

7/19/15; 7:00 PM EST =
7/17/15; 10:00 AM EST =
7/17/15; 9:00 AM EST =
7/13/15; 3:01 PM EST = +22; signal line is -25

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