Keybot the Quant remains long. The SPX came within pennies of touching the all-time closing high at 1565.15, but failed. The utilities, UTIL, hit 500, a remarkable run off the 435 November low. The VIX ran higher towards 14.70 (the bull-bear line in the sand) but could not move above, so the bears did not have enough energy and the broad indexes recovered. For Tuesday, watch VIX 14.70, now contributing bullishly to markets at 13.74. Watch SOX 422.00, now contributing bullishly to markets at 429.17. Bulls are not worried unless either VIX 14.70 or SOX 422 fails.
For the SPX starting at 1552, the bulls need to touch 1465 to accelerate the upside and bears need to drop under 1547 to accelerate the downside. A move through 1548-1564 is sideways action today. Keybot prints a pre-scheduled number this morning so the action can be updated at that time.
3/29/13;
10:00 AM EST =
3/26/13;
10:00 AM EST =
3/24/13; 7:00 PM EST
= +49; signal line is +40
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