Keybot the Quant remains long. The opening bell rang and utilities sky rocketed favoring bulls. Financials ran up favoring bulls. Volatilty dropped favoring bulls. Just before 10 AM, VIX switched directions again and moved higher which helps the market bears. Watch VIX 19.00. VIX is now printing 19.40 so at 40 cents higher, the market bears are happy. But the bulls are enjoying market buoyancy due to the stronger utes and financials. The SPX fell thru the 1370 level ten minutes after the open and tested 1366 support in quick order, and bounced. The 1366 support held today. The Nasdaq is weak since AAPL is out behind the shed receiving a beating. Markets remain unstable but for now the bulls are hanging in there overall.
4/22/12; 7:00 PM EST =
4/17/12; 9:00 AM EST =
4/16/12; 9:57 AM EST = +16; signal line is +8
4/16/12; 9:30 AM EST = +30; signal line is +8
4/15/12; 7:00 PM EST = 0; signal line is +8 but algorithm says stay long
4/13/12; 3:58 PM EST = 0; signal line is +9 but algorithm says stay long
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