Keybot the Quant remains short as the odd start to the year continues. The bears were cheering as the VIX climbed above 10.14-10.16 yesterday but the smiles turned to frowns as volatility fell back down and the VIX retreated below 10. The bulls rule the stock market with the VIX under 10.
Market bears need VIX above 10.14 to create weakness in the stock market. Bears would also benefit from weaker copper. The bulls need stronger utilities. S&P futures are up +3 with the VIX trading at 9.69 as this is written about 3 hours before the opening bell for the regular session. The beat goes on.
1/14/18;
7:00 PM EST =
1/10/18; 12:49 PM EST =
+68; signal line is +71
1/10/18; 9:36 AM EST =
+54; signal line is +72
1/7/18; 7:00 PM EST = +68; signal line is +74
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