Keybot the Quant remains long. Volatilty dropped under 19 as soon as the bell rang, now under 18 so the bulls are throwing confetti. The semiconductors, SOX, ran higher, the quant now tracking the 422.25 level, and the SOX is printing 422.71, adding further bull fuel. The SPX came up to fight with the 1379.50 level identified this morning, before punching up thru and receiving the acceleration move higher. Tech is leading the upside which emboldens the bulls. The Dow Industrials are over 13K. SPX next resistance is 1386. Note how the SPX came back up erasing the deficit that Keybot was in over the last couple days. The robots are always smarter than the humans. Markets remain unstable so lots of twists and turns lay ahead.
4/22/12; 7:00 PM EST =
4/17/12; 9:50 AM EST = +46; signal line is +9
4/17/12; 9:30 AM EST = +30; signal line is +8
4/17/12; 9:00 AM EST = +16; signal line is +8
4/16/12; 9:57 AM EST = +16; signal line is +8
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