Keybot the Quant motors along on the long side. The pre-scheduled number prints without any changes. JJC remains below 44.20 favoring bears. SOX remains above 376 favoring bulls. The quant is focused on the VIX as the current arbiter of market direction. Note how the VIX came up to test the 17.75-17.80 called out this morning and received a spank down, the bulls not willing to relinquish control. The VIX is now printing 18.57; the bears need 23 cents higher to start pushing the markets lower. The bears need to push under 1381 to accelerate the market downside but the SPX bounced off the 1381 handle thus far today. If 1381 fails, that will likely be in concert with the VIX moving up thru 18.80. Otherwise, the bulls maintain control of the markets.
8/5/12; 7:00 PM EST =
8/3/12; 9:00 AM EST =
7/31/12; 7:00 PM EST EOM =
7/31/12; 10:00 AM EST = +60; signal line is +26
7/29/12; 7:00 PM EST = +60; signal line is +26
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