Keybot the Quant remains long. The algo idled along today without fanfare. The Dow Industrials printed new all-time highs today, a notable achievement. Volatility dropped under 14 and the bears do not have a chance unless they see VIX 15.55. For the SPX starting at 1540 on Wednesday, the bulls need to touch 1544 and the upside rally will continue with a move to test the strong resistance at 1548 occurring quickly. The bears need to retrace today's move, and push lower to 1525 to accelerate the downside, fifteen points, a formidable task but not impossible. A move through 1526-1543 is sideways action. The bulls are cruising but if the bears can create VIX 15.55, things would change quickly.
3/10/13;
7:00 PM EST =
3/8/13;
9:00 AM EST =
3/4/13;
2:25 PM EST = +49; signal line is +43; go long 1520; (Benchmark SPX for
2013 = +6.6%)(Keybot this trade = -1.2%;
Keybot for 2013 = +1.0%)(Actual this trade = -1.3%; Actual for 2013 = -0.3%)
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