Saturday, January 12, 2019

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long as the Fed's dovishness pumps the stock market higher. The VIX falls below the critical 19.09 bull-bear line in the sand at noontime Friday. Stocks should jump higher but instead finish the session flattish. The VIX is at 18.19, an 18-handle, not seen since the first couple days of December.

The market bulls are singing songs and throwing confetti into the weekend since the lower volatility will guarantee more upside joy in equities. Bears need the VIX above 19.09 pronto, when trading begins 3 AM EST Monday morning, otherwise, the bulls are going to punch them in the face. The bulls are all smiles while sipping Fed champagne. The algo number is 37 points above the signal line.

1/13/19; 7:00 PM EST =
1/11/19; 12:21 PM EST = +10; signal line is -27
1/10/19; 11:10 AM EST = -4; signal line is -29

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