Saturday, April 27, 2013

STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains long through the weekend. The algo motored along yesterday without printing any numbers past 10 AM. The market bears were given the markets on a silver platter yesterday but they could not convert.  The VIX tested the bull-bear danger line, now at 14.16, and even managed to punch out a high at 14.18, but the bears did not have the juice to keep the VIX above 14.16. The focus on volatility will pick up again at Monday's opening bell. Next week's sectors and levels of interest can be identified once the Sunday pre-scheduled number prints tomorrow. The turn may be imminent notation is added since Keybot only needs to see VIX 14.16 and will likely flip short. Monday is a very important day.

4/28/13; 7:00 PM EST =
4/26/13; 10:00 AM EST = +46; signal line is +32

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