Monday, November 19, 2012

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long and the algo printed another number just before the close.  For Tuesday, watch VIX 15.95 (now bullish at 15.24), XLF 15.62 (now bearish at 15.57) and RTH 43.94 (now bullish at 43.98). These three parameters will dictate market direction.  The bulls need XLF over 15.62 to seal the upside deal.  The bears need to move the VIX over 15.95 and the RTH under 43.94.  Pay close attention to the RTH as soon as the opening bell rings since it will immediately indicate market direction.

For the SPX starting at 1386.89, the bulls only need to touch the 1387 handle and an upside acceleration will occur, 1391 will be tested in quick order.  The bears are trying to stop the upside momo and they can do that by pushing RTH back under 43.94 and moving VIX above 15.95 as soon as possible. Keybot prints a pre-scheduled number in the morning so the action can be updated at that time.  The bulls are driving the bus and if XLF moves over 15.62, the SPX will be heading over 1400.

11/21/12; 10:00 AM EST =
11/20/12; 9:00 AM EST =
11/19/12; 3:59 PM EST = -13; signal line is -37
11/19/12; 10:43 AM EST = -29; signal line is -37
11/19/12; 10:33 AM EST = -45; signal line is -37 but algorithm says stay long
11/19/12; 9:30 AM EST = -29; signal line is -35; go long 1370; (Benchmark SPX for 2012 = +8.9%)(Keybot this trade = +5.0%; Keybot for 2012 = +20.3%)(Actual this trade = +8.9%; Actual for 2012 = +17.5%)

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