STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short. The bears make an initial run lower under the 1649 but could not hold this support failure so the bulls recover. The pre-scheduled number results in a tightening of the algo number to signal line spread to only five points. JJC remains well below 41.54 and VIX above 13.17 so the bears are happy. UTIL remains above 480.65 so the bulls are happy. Markets stumble sideways since none of these three parameters want to change sides.  The beat goes on.  SPX 1649 is important today.

6/2/13; 7:00 PM EST EOM =

5/31/13; 10:00 AM EST = +36; signal line is +41

5/28/13; 10:00 AM EST = +33; signal line is +42

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains bearish moving into the Friday session.  Today is the last day of May. The algo continues to idle through the week without printing any numbers except for the pre-scheduled number on Tuesday. The same drama is in place. Bulls need to achieve either VIX 13.17 or JJC 41.54 to receive the all-clear signal for market upside. Bears need to achieve UTIL 480.65 to cause markets to sell off strongly. The broad indexes will motor along sideways until one of these three parameters make a decision.

For the SPX today starting at 1654, the bulls need to touch the 1662 handle and an upside party will result. The bears need to push under 1649 to accelerate the downside. A move through 1650-1661 is sideways action. The S&P futures are -11 at this writing four hours before the U.S. open indicating that the bears will make a run lower to begin the day. Markets remain very erratic and unstable. Keybot prints a pre-scheduled number this morning at 10 AM so the market action can be updated at that time.

6/2/13; 7:00 PM EST EOM =

5/31/13; 10:00 AM EST =

5/28/13; 10:00 AM EST = +33; signal line is +42

5/26/13; 7:00 PM EST = +32; signal line is +42

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains bearish and has not printed any numbers this week except for the pre-scheduled number on Tuesday. Watch JJC 41.55, VIX 13.15 and UTIL 480.65. Copper and volatility, JJC and VIX, respectively, are causing market bearishness right now so the bulls need to attain one of the values listed to start the markets higher again. Utilities, UTIL, are causing market bullishness right now so the bears need to push UTIL under 480.65 to receive strong downside momo. Yesterday, UTIL failed but only for a couple minutes before quickly recovering.  The broad indexes dodge a bullet since many algo's will click in to the downside with accelerated market selling if UTIL 480.65 fails.

For the SPX starting at 1648, bulls and bears both need an 8 point swing in their favor to claim victory. The bulls need to move up through 1656 and touch the 1657 handle to accelerate the upside and the bears need to push under 1640 to accelerate the downside. A move through 1641-1656 is sideways action. In a nutshell, the bulls need higher copper and lower volatility while the bears need lower utilities. Markets remain unstable.

5/31/13; 10:00 AM EST =

5/28/13; 10:00 AM EST = +33; signal line is +42

5/26/13; 7:00 PM EST = +32; signal line is +42

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains bearish moving into the Tuesday session. The bulls push hard to the upside but could not move copper higher or volatility lower, so they ran out of gas. Watch JJC 41.58, VIX 13.15 and GTX 4785. All three are in the bear camp. The bulls need to attain at least one of these three levels to develop upside oomph and place Keybot in a position to want to go long.  The bears will try to maintain this negativity moving forward and at the same time drive the utilities lower. If UTIL loses the 481 level, the broad indexes will weaken substantially. The bulls can hang on if they keep UTIL above 481 (now at 492).

For the SPX starting at 1660, the bulls need to revisit yesterday's high above 1674 to develop upside mojo. The bears need to push under 1653, about seven points lower, to accelerate the downside. A move through 1654-1673 is sideways action. The S&P futures are down 6 at this writing about five hours before the opening bell. Markets remain erratic and very unstable.

5/31/13; 10:00 AM EST =

5/28/13; 10:00 AM EST = +33; signal line is +42

5/26/13; 7:00 PM EST = +32; signal line is +42

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short as the broad indexes explode higher on the weaker yen. Watch VIX 13.13 and JJC 41.60 and both currently remain in the bear camp. The bulls need to win over one or both of these parameters to continue the upside and push Keybot to the long side. Bears need to keep both in the bear camp to create market weakness despite the strong pop higher. Markets remain erratic and unstable.

5/31/13; 10:00 AM EST =

5/28/13; 10:00 AM EST = +33; signal line is +42

5/26/13; 7:00 PM EST = +32; signal line is +42

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short during the holiday weekend. Trading resumes Tuesday morning. Volatility and copper remain key. Watch VIX 13.13 and JJC 41.73. Both are causing market negativity right now. If the broad indexes recover, the bulls need at least one of these two sectors to verify the recovery, if not, the markets will likely roll over again after any bounce. The algo is also tracking utilities; the UTIL 481 level. Markets will become far more negative if 481 fails but the bulls will be in continual position to regain control of markets as long as UTIL stays above 481.

For the SPX starting at 1650, the bulls only need to see green futures overnight Monday and a market bounce will be on tap Tuesday morning with the SPX moving up towards 1660. The bears need to push price under 1637 to accelerate the downside. A move through 1638-1650 is sideways action for Tuesday. Keybot prints a pre-scheduled number one-half hour after the markets reopen so the action can be updated at that time. Another pre-scheduled number prints this week on Friday morning. The month of May ends on Friday, EOM. Markets remain erratic and unstable.

6/2/13; 7:00 PM EST EOM =

5/31/13; 10:00 AM EST =

5/28/13; 10:00 AM EST =

5/26/13; 7:00 PM EST = +32; signal line is +42

5/23/13; 9:45 AM EST = +32; signal line is +44

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains bearish over the holiday weekend. The algo idles along on Friday without printing any numbers. Volatility and copper remain key for next week. Levels of interest can be identified once the Sunday pre-scheduled number prints tomorrow.

5/26/13; 7:00 PM EST =

5/23/13; 9:45 AM EST = +32; signal line is +44

5/23/13; 9:30 AM EST = +0; signal line is +44

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short moving into the Friday session. VIX 13.12 and JJC 41.77 remain key. Both are creating bearishness in markets so the bulls need to regain one or both of these levels. For the SPX starting at 1651, the bulls need to move above 1655.50 and the upside will accelerate. The bears need to drop under 1637 to accelerate the downside. A move through 1638-1655 is sideways action today. If either VIX or JJC reach the levels shown above, and the SPX moves towards 1656 and higher, Keybot may flip back to the long side, otherwise, the bears will maintain control. Markets remain erratic and very unstable.

5/26/13; 7:00 PM EST =

5/23/13; 9:45 AM EST = +32; signal line is +44

5/23/13; 9:30 AM EST = +0; signal line is +44

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant is short. The utilities sector experiences a mini flash crash in the first few minutes of trading but recovers. UTIL 481 is a bull-bear line that the algo is now tracking with interest. UTIL is printing 497 and market bears would receive more downside fuel if 481 is lost. Higher volatility and lower copper and commodities are the main negative drivers in place right now.

5/26/13; 7:00 PM EST =

5/23/13; 9:45 AM EST = +32; signal line is +44

5/23/13; 9:30 AM EST = +0; signal line is +44

5/22/13; 3:58 PM EST = +48; signal line is +46 but algorithm says stay short

5/22/13; 2:12 PM EST = +32; signal line is +46; go short 1661; (Benchmark SPX for 2013 = +16.5%)(Keybot this trade = +5.9%; Keybot for 2013 = +6.8%)(Actual this trade = +5.0%; Actual for 2013 = +5.5%)

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant flips to the short side. Volatility spiked and copper tumbled lower creating market negativity. As always, stay alert for a whipsaw tomorrow. Watch VIX 13.12 and JJC 41.77. In the final few minutes, copper recovered to close at JJC 41.82, jumping back into the bull camp, creating the lift in equities into the closing bell. Watch copper overnight since positivity will lead to a bull recovery tomorrow but negativity in copper will continue the market push lower.

Keybot exited DIA and entered SDS, a double inverse ETF. The last trade results in a 6% gain for the algo program and 5% gain in actual trading. For the SPX on Thursday starting at 1655, the bears need to push under the strong 1649-1650 support to take the next leg lower. Bulls need to recover today's losses and then some, a huge task of about 33 points of upside, a formidable endeavor, but never say never in these crazy markets. Instead, the bulls will focus on pushing copper higher and volatility lower to stem the downside. Markets remain erratic and unstable, simply look at today's action. Tomorrow the bears show if they have any gusto, or not.

5/26/13; 7:00 PM EST =

5/22/13; 3:58 PM EST = +48; signal line is +46 but algorithm says stay short

5/22/13; 2:12 PM EST = +32; signal line is +46; go short 1661; (Benchmark SPX for 2013 = +16.5%)(Keybot this trade = +5.9%; Keybot for 2013 = +6.8%)(Actual this trade = +5.0%; Actual for 2013 = +5.5%)

5/22/13; 10:20 AM EST = +48; signal line is +46

5/22/13; 10:13 AM EST = +62; signal line is +46

5/22/13; 9:30 AM EST = +48; signal line is +45

5/21/13; 2:37 PM EST = +32; signal line is +44 but algorithm says stay long

5/21/13; 11:30 AM EST = +46; signal line is +44

5/21/13; 10:34 AM EST = +32; signal line is +44 but algorithm says stay long

5/21/13; 10:12 AM EST = +48; signal line is +45

5/21/13; 9:30 AM EST = +62; signal line is +45

5/20/13; 10:24 AM EST = +46; signal line is +43

5/20/13; 9:30 AM EST = +32; signal line is +42 but algorithm says stay long

5/19/13; 7:00 PM EST = +46; signal line is +41

5/17/13; 10:00 AM EST = +46; signal line is +40

5/16/13; 3:58 PM EST = +46; signal line is +38

5/16/13; 3:47 PM EST = +32; signal line is +37 but algorithm says stay long

5/16/13; 10:36 AM EST = +46; signal line is +38

5/16/13; 10:01 AM EST = +32; signal line is +37 but algorithm says stay long

5/16/13; 9:00 AM EST = +46; signal line is +38

5/15/13; 1:35 PM EST = +46; signal line is +37

5/15/13; 12:40 PM EST = +32; signal line is +37 but algorithm says stay long

5/13/13; 9:30 AM EST = +46; signal line is +37

5/12/13; 7:00 PM EST = +62; signal line is +36

5/10/13; 3:54 PM EST = +62; signal line is +34

5/8/13; 11:04 AM EST = +46; signal line is +33

5/8/13; 9:32 AM EST = +62; signal line is +32

5/5/13; 7:00 PM EST = +46; signal line is +31

5/3/13; 9:00 AM EST = +46; signal line is +31

5/2/13; 10:14 AM EST = +46; signal line is +31

5/1/13; 9:36 AM EST = +32; signal line is +31

4/30/13; 7:00 PM EST EOM = +46; signal line is +32

4/30/13; 10:45 AM EST = +46; signal line is +32

4/30/13; 10:00 AM EST = +32; signal line is +31

4/30/13; 9:58 AM EST = +32; signal line is +32 but algorithm says stay long

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

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

4/23/13; 9:30 AM EST = +46; signal line is +32; go long 1569; (Benchmark SPX for 2013 = +10.0%)(Keybot this trade = -0.2%; Keybot for 2013 = +0.9%)(Actual this trade = -0.8%; Actual for 2013 = +0.5%)

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. JJC is 42.05 above the 41.79 bull-bear line, bullish.  VIX is 13.44 above the 13.12 bull-bear line, bearish. The algo is active today. Note that there is only two points separating the algo number and signal line showing that the markets are at an inflection point. Bulls need lower volatility and bears need lower copper. JJC 41.79 and VIX 13.12 will tell the story today.

5/26/13; 7:00 PM EST =

5/22/13; 10:20 AM EST = +48; signal line is +46

5/22/13; 10:13 AM EST = +62; signal line is +46

5/22/13; 9:30 AM EST = +48; signal line is +45

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. Copper bounces today playing spoiler for the bears. Watch VIX 13.12 and JJC 41.79. VIX is 13.39, surprisingly remaining bearish, while JJC is 42.11 flipping into the bull camp creating market buoyancy.

5/26/13; 7:00 PM EST =

5/22/13; 9:30 AM EST = +48; signal line is +45

5/21/13; 2:37 PM EST = +32; signal line is +44 but algorithm says stay long

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

Keybot the Quant remains long. The algo wants to flip short but the internal signals are not lining up properly to commit to the short side. Bears had another golden opportunity yesterday but could not create enough downside energy. Watch VIX 13.11, JJC 41.77 and GTX 4795. All are in the bear camp right now creating market negativity but copper is up this morning favoring the bulls once again. For the SPX starting at 1669, the bulls need to touch the 1675 handle to accelerate the upside into the 1680's. The bears need to push under 1663 to accelerate the downside. A move through 1664-1674 is sideways action. If the SPX drops under 1663, Keybot will likely flip short. If JJC moves above 41.77 or the VIX drops back under 13.11, the bulls will maintain leadership moving forward. Markets remain erratic and unstable as the bulls march higher.

5/26/13; 7:00 PM EST =

5/21/13; 2:37 PM EST = +32; signal line is +44 but algorithm says stay long

5/21/13; 11:30 AM EST = +46; signal line is +44

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

Keybot the Quant remains long in a very active day for the algo. As highlighted this morning, volatility and copper are running the show today, VIX 13.12 and JJC 41.77, respectively. At the 10:34 AM signal, Keybot was a hair away from going short but the internal programming rules held it back.  Then the SPX runs higher to punch through the 1673 the bulls needed to accelerate the upside. The SPX petered out after a HOD at 1674.93 so only a two handle jump occurs past 1673. VIX now jumps back above 13.12 which is causing the SPX to drift lower again.

Keybot wants to flip short right now but is held back since the proper signals are not lined up correctly. Under the current conditions, the SPX needs to drop under 1662.67, and hold that failure for five minutes, and Keybot will flip short, otherwise, Keybot will remain long through the closing bell. A turn appears imminent. The bears had it in their grasp this morning, once again, only to run out of gas and let the bulls maintain control. Bears need the SPX to drop under 1663.

5/26/13; 7:00 PM EST =

5/21/13; 2:37 PM EST = +32; signal line is +44 but algorithm says stay long

5/21/13; 11:30 AM EST = +46; signal line is +44

5/21/13; 10:34 AM EST = +32; signal line is +44 but algorithm says stay long

5/21/13; 10:12 AM EST = +48; signal line is +45

5/21/13; 9:30 AM EST = +62; signal line is +45

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. Copper buoyancy (JJC) provides market lift but JJC is dancing all around the 41.77 bull-bear line. VIX is under 13.12 by pennies. Things can go either way today. Watch JJC 41.77, VIX 13.12 and GTX 4795. The imminent turn notation is removed once again since the bulls are bouncing copper.

5/26/13; 7:00 PM EST =

5/21/13; 9:30 AM EST = +62; signal line is +45

5/20/13; 10:24 AM EST = +46; signal line is +43

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

Keybot the Quant remains long moving into the Tuesday session. Volatility spiked higher (helping market bears) yesterday only to fall back (helping bulls) as it has for many times recently. At the same time, copper rose yesterday. The algo identifies three key parameters most affecting market direction; volatility, copper and commodities. Watch VIX 13.12, JJC 41.76, and GTX 4800, respectively. VIX is 13.02 creating market upside. JJC is 41.67 and GTX is 4760 creating market downside. The movement of these three parameters will dictate market direction.

The market bulls want the VIX to stay under 13.12 while moving JJC above 41.76 and/or GTX above 4800. If JJC moves above 41.76, the SPX will move well into the 1670's. If both JJC and GTX turn bullish the SPX is likely headed for the 1680's and much higher. The bears want to move the VIX above 13.12 to provide downside negativity for markets while at the same time maintaining the JJC and GTX bearishness. This action may begin more extended market selling moving forward.

For the SPX starting at 1666, the bulls need to touch the 1673 handle and it is off to the races higher with price moving towards 1680. The bears need to push under 1664 to create a downside acceleration.  A move through 1665-1672 is sideways action.  If the VIX moves above 13.12 and the SPX drops under 1664, it is likely that Keybot will flip short, hence the imminent turn notation in the title line. However, if JJC prints above 41.76, the bulls will likely maintain full control moving forward. At this writing, about four hours before the U.S. opening bell, copper is lower. Markets remain erratic and unstable.

5/26/13; 7:00 PM EST =

5/20/13; 10:24 AM EST = +46; signal line is +43

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains bullish. Volatility falls again so the same-o story plays out in the bulls favor.  Watch VIX 13.12, now at 13.07, market bullish. The broad indexes are flat to positive on the day thus far. The imminent turn notation is removed but the caution sign remains since the algo number is only three points from the signal line. Market bears need VIX under 13.12 and SPX under 1653 today to see the algo flip short.

5/26/13; 7:00 PM EST =

5/20/13; 10:24 AM EST = +46; signal line is +43

5/20/13; 9:30 AM EST = +32; signal line is +42 but algorithm says stay long

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

Keybot the Quant remains long as the new week of trading begins. Out of the gate the algo prints a number which triggers a desire to go short but other internal programming rules are not in line as yet to allow the move to the short side. One of the key critieria the algo would need to see is last Friday's low at the 1652.50-ish area. The SPX is now printing a 1664 handle comfortably twelve points above. Keybot will not flip short unless the SPX drops under 1653-ish today. Remember, Keybot is not programmed to catch the exact tops and exact bottoms so it will always relinquish a few handles at the turns.

Volatility jumps at the bell which creates the market weakness. The algo is tracking VIX 13.10-13.11 and the current print is 13.24, above, so the bears are making another run again trying to push the indexes lower. Each time recently that the VIX has turned bearish (moving higher), the bulls came along and jammed it lower to save the day for the SPX. Watch VIX 13.10-ish closely today since it will tell you the preferred direction; above 13.10 is happy bears and below 13.10 is happy bulls. Watch SPX 1653-ish since that is the area today that Keybot would likely flip short, if it occurs. The imminent turn notation is highlighted in the title again. Keybot is ready to go short but the bears have to push the broad indexes lower to show they mean business and allow the algo to commit.

5/26/13; 7:00 PM EST =

5/20/13; 9:30 AM EST = +32; signal line is +42 but algorithm says stay long

5/19/13; 7:00 PM EST = +46; signal line is +41

STOCK MARKET BULLISH -- LONG - CAUTION

Keybot the Quant is long moving into the new week of trading. Lots of theatrics occur last week with the wild moves in volatility but the bears continue to end up on the short end. The algo continues to track volatility as the main market driver currently. Watch VIX 13.18; bulls win above, bears win below. If the VIX moves above 13.18, and the SPX drops under 1652.50, Keybot will likely flip to the short side.

For the SPX starting at 1667, the bulls are on easy street only needing to see positive futures overnight Sunday, and the upside thrust will continue with the SPX moving into the 1670's. The bears need to keep futures negative overnight and push under 1652.50 after the opening bell tomorrow to accelerate the downside. A move through 1653-1667 is sideways action. Keybot does not print any pre-scheduled numbers during trading this week so market forces will dictate all the action. Markets remain highly unstable and erratic.  The algo number is only five points from the signal line so, despite the strong rally, the markets are very vulnerable to a pull back.

5/26/13; 7:00 PM EST =

5/19/13; 7:00 PM EST = +46; signal line is +41

5/17/13; 10:00 AM EST = +46; signal line is +40

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long through the weekend. Volatility collapsed yesterday providing rocket fuel for the bulls and will remain key next week. The areas and levels of interest can be identified once the pre-scheduled Sunday number prints tomorrow. 

5/19/13; 7:00 PM EST =

5/17/13; 10:00 AM EST = +46; signal line is +40

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. The pre-scheduled number results in a two tick move higher for the signal line. VIX collapses now printing at 12.52. SPX leaps higher to test the 1660.50 break-out level for today. The bulls are running again and the imminent turn notation is removed. The algo number is only six points from the signal line. Bears have no oomph unless they achieve VIX 13.19 and volatility is dropping instead of rising.

5/19/13; 7:00 PM EST =

5/17/13; 10:00 AM EST = +46; signal line is +40

5/16/13; 3:58 PM EST = +46; signal line is +38

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

Keybot the Quant remains long. There was some late afternoon drama yesterday with volatility spiking but the bears simply do not have the oomph as yet to create a market turn. Watch VIX 13.19; now at 13.07 creating market bullishness.  For the SPX in the Friday session starting at 1650, the bulls need to punch up through 1660.50, about ten points higher, to initiate a new multi-handle upwards acceleration. The bears have the easier road only needing to push under 1649 to accelerate the downside targeting 1634-1636. The S&P futures, at this writing about four hours ahead of the U.S. open, are up six. A move through 1650-1659 is sideways action. If VIX moves above 13.19 and holds this level or higher, and the SPX drops under 1649, Keybot will likely flip short.

Note the three teases to the short side this week. The algo was positioned to go short once on Wednesday and twice yesterday, but the internal programming rules would not trigger the move, and the bears ran out of gas. Keybot prints a pre-scheduled number at 10 AM so the action can be updated at that time. Markets remain erratic and unstable.

5/19/13; 7:00 PM EST =

5/17/13; 10:00 AM EST =

5/16/13; 3:58 PM EST = +46; signal line is +38

5/16/13; 3:47 PM EST = +32; signal line is +37 but algorithm says stay long

5/16/13; 10:36 AM EST = +46; signal line is +38

5/16/13; 10:01 AM EST = +32; signal line is +37 but algorithm says stay long

5/16/13; 9:00 AM EST = +46; signal line is +38

5/15/13; 1:35 PM EST = +46; signal line is +37

5/15/13; 12:40 PM EST = +32; signal line is +37 but algorithm says stay long

5/13/13; 9:30 AM EST = +46; signal line is +37

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. Volatility collapses once again falling through 13.20 and the 13 level so equities recover. This takes away the imminent turn status since the algo needs to see higher volatility. The SPX moves higher but the bulls are not yet able to punch up through 1661.50 so it appears neither side wants the ball today. Watch VIX 13.20.

5/17/13; 10:00 AM EST =

5/16/13; 10:36 AM EST = +46; signal line is +38

5/16/13; 10:01 AM EST = +32; signal line is +37 but algorithm says stay long

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

Keybot the Quant remains long but the spike in volatility this morning is ushering in market weakness. The Nasdaq index and tech in general, however, is receiving a bullish push due to happy CSCO earnings and commentary. VIX is 13.38, above the 13.20 bull-bear danger line, creating market negativity moving forward, as long as the VIX stays above 13.20. The SPX is printing 1656 well above the 1647 level that market bears need to see for the algo to flip to the short side. Thus, perhaps some market drama is on tap today. Pay attention to VIX 13.20 and SPX 1647, and, if the bulls recover, watch SPX 1661.50. The bulls are driving the bus but a turn may be imminent if the SPX loses about nine handles from current levels.

5/17/13; 10:00 AM EST =

5/16/13; 10:01 AM EST = +32; signal line is +37 but algorithm says stay long

5/16/13; 9:00 AM EST = +46; signal line is +38

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long. The algo prints the pre-scheduled number resulting in a one tick up move for the signal line. This provides the market bears with a smidge easier level to cross to the downside. As previously mentioned, watch VIX 13.20 and SPX 1661.50 and 1647.

5/17/13; 10:00 AM EST =

5/16/13; 9:00 AM EST = +46; signal line is +38

5/15/13; 1:35 PM EST = +46; signal line is +37

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. The algo number dipped under the signal line yesterday which sets the wheels in motion to flip short, however, the algo could not satisfy other programming rules to go short, so the bulls ran higher into the closing bell with the SPX printing new all-time highs.  Volatility remains key. Watch VIX 13.20. Bulls need to stay under 13.20 to keep the market buoyancy in place while the bears need to move above 13.20 so they can growl.

For the SPX today starting at 1659, the bulls need to punch through 1661.50 to create another upside market acceleration. The bears need to push under 1647 to accelerate the downside. A move through 1648-1660 is sideways action. If the VIX moves above 13.20 and the SPX drops under 1647, Keybot will likely flip to the short side. Markets remain very unstable. The algo prints a pre-scheduled number at 9 AM.

5/16/13; 9:00 AM EST =

5/15/13; 1:35 PM EST = +46; signal line is +37

5/15/13; 12:40 PM EST = +32; signal line is +37 but algorithm says stay long

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long.  The algo prints two numbers today as volatility moves wildly up and down, briefly piercing through the bull-bear line at 13.20 but now back under again at 12.93. The market bulls are running again today but the wind came out of the sales as volatility climbed. The SPX punched through the 1651 resistance this morning so that caused the acceleration move to a new all-time high at 1661.49. The SPX is at 1655 up four points today. Watch VIX 13.20.

5/16/13; 9:00 AM EST =

5/15/13; 1:35 PM EST = +46; signal line is +37

5/15/13; 12:40 PM EST = +32; signal line is +37 but algorithm says stay long

5/13/13; 9:30 AM EST = +46; signal line is +37

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant  remains long moving into the Wednesday session. Volatility, VIX, teased the 13.20 level yesterday and then collapsed sending the SPX upwards to print new all-time highs. VIX 13.20 remains key; bulls will maintain elevated markets with VIX under 13.20 while bears will growl if VIX moves above 13.20. For the SPX starting at 1650, the bulls need to touch and move above the 1651 handle, only one point higher, to create another upside acceleration. The bears need to retrace yesterdays move and push under 1634 to regain their mojo. A move through 1635-1650 is sideways action. If the VIX pops above 13.20, and the SPX drops under 1634, Keybot will likely flip short, otherwise, the bulls are driving the bus forward. Copper and commodities weakness has no affect on markets, so far. The broad indexes remain erratic and unstable. Caution is warranted.

5/16/13; 9:00 AM EST =

5/13/13; 9:30 AM EST = +46; signal line is +37

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long moving into the Tuesday session. Copper and volatility remain the two key market drivers currently. Watch JJC 41.92 (price is under causing bearishness) and VIX 13.25 (price is under causing bullishness). The bears need the VIX above 13.25. The bulls need JJC above 41.92. Copper is down in early trading. GTX 4810 remains as a bull-bear line in the sand and price is currently under causing market bearishness.  If VIX moves above 13.25, and the SPX drops under 1627, Keybot will likely flip short.

For the SPX at 1634, starting at a new all-time closing high (only seven pennies above Friday's closing high), the bulls need to touch the 1636 handle which is the all-time intraday high, and the 1640 handle will occur quickly.  The bears need to push under 1627 to accelerate the downside to 1618. A move through 1628-1635 is sideways action. Markets remain erratic and unstable. JJC 41.92, VIX 13.25 and SPX 1627 and 1636 tell the story today.

5/16/13; 9:00 AM EST =

5/13/13; 9:30 AM EST = +46; signal line is +37

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long to begin the week. Copper weakness appears this morning but not overly negative. JJC is 41.57 under the bull-bear line so the broad indexes are under some minor selling pressure. The algo prints a number to begin the new week and the algo number and signal line continue to converge. GTX is lower to 4700 remaining bearish. VIX is lower to 12.57, well under the 13.30 bull-bear danger level (use 13.30 instead of 13.70 moving forward) so the bulls are not worried or concerned. SPX is slightly negative at 1630. Pay attention to JJC 41.93, VIX 13.30 and SPX 1624.

5/16/13; 9:00 AM EST =

5/13/13; 9:30 AM EST = +46; signal line is +37

5/12/13; 7:00 PM EST = +62; signal line is +36

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long moving into the new week of trading. Copper, JJC, will immediately dictate broad market direction at the opening bell. Watch JJC 41.93. Price is now at 41.94 one penny on the bull side which creates market buoyancy. Bulls win if JJC moves up; bears win if JJC moves down. The algo is also tracking volatility with interest. VIX 13.70 is the bull-bear line in the sand. The VIX is 12.59, collapsing late Friday which created the big thrust higher for markets, so the bulls are cruising along without a care or worry (volatility and the SPX move inversely). Bulls win with VIX under 13.70; bears win with VIX above 13.70. Keybot is also tracking commodities currently. Watch GTX 4810, now at 4718 creating market negativity. Bulls are trying to push the GTX above 4810 to receive upside market fuel.

For the SPX starting at 1634, the bulls have the easy road, only needing to see a smidge of green in the overnight futures and tomorrow the trek to 1640 begins. The bears need to push under 1624 to accelerate a move lower to 1618 in quick order.  A move through 1625-1633 is sideways action. Markets are unstable and erratic as evidenced by the wild multi-handle swings late last week. Remain cautious. If JJC drops under 41.93, VIX moves above 13.70 and SPX drops under 1624, it is very likely that Keybot the Quant will flip short. The bulls maintain control of the markets if the VIX stays under 13.70. Keybot prints two pre-scheduled numbers this week; one on Thursday and the other on Friday.

5/19/13; 7:00 PM EST =

5/17/13; 10:00 AM EST =

5/16/13; 9:00 AM EST =

5/12/13; 7:00 PM EST = +62; signal line is +36

5/10/13; 3:54 PM EST = +62; signal line is +34

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long through the weekend. Late session drama occurs as copper and commodities run higher during the last couple hours of trading creating buoyancy in the broad indexes. JJC is 41.94. The algo identifies 41.93 as the bull-bear line in the sand so the bulls went home with a feather in their caps. The copper market is very important overnight Sunday since copper will push equities in the same direction as the new week of trading begins. Next weeks areas of interest and levels can be identified once the pre-scheduled number prints tomorrow. The bulls maintain the upper hand. The bears were given an opportunity today but once volatility dropped the bulls were on easy street. The SPX prints a new all-time closing high at 1633.70 but was unable to print a new intraday high. The SPX all-time intraday high is 1635.01.

5/12/13; 7:00 PM EST =

5/10/13; 3:54 PM EST = +62; signal line is +34

5/8/13; 11:04 AM EST = +46; signal line is +33

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. The algo did not print any numbers during the Thursday session. The bears had, and have, a potential trend change on a silver platter but cannot convert as yet. If the VIX moves above 13.73, and the SPX drops under 1623, it is highly likely that Keybot will flip to the short side, however, the bulls remain in control currently. If the JJC (copper) moves above 41.90 and/or the GTX (commodities) moves above 4810, the bulls will receive further upside market fuel and the bear's hopes will vanish.

For the SPX starting at 1627, the bulls need to push above 1635 to accelerate the upside where price will likely touch the 1640 handle in quick order. The bears need to push under 1623 to accelerate the downside to 1619 and potentially 1613. A move through 1624-1634 is sideways action. Markets remain erratic and unstable; simply look to yesterday's action where the SPX fell twelve handles, from 1635 to 1623 in only one hour's time. Remain alert and cautious. Bears win the game with VIX 13.73 and SPX 1623. Bulls win the game with SPX 1635 and/or JJC 41.90 and GTX 4810. The S&P futures are up about five as this missive is typed about five hours before the U.S. open.

5/12/13; 7:00 PM EST =

5/8/13; 11:04 AM EST = +46; signal line is +33

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long as the markets melt upwards.  The behavior in copper is very interesting today since it moved the signal line higher and, despite the bullish euphoria today, sets the algo up for a potential reversal. The three parameters of greatest interest to Keybot right now that are determining market direction are copper, volatility and commodities. Copper and commodities are causing market bearishness while volatility is causing market bullishness. Watch JJC 41.93, VIX 13.74 and GTX 4810.

If JJC stays under 41.93, and VIX says under 13.74, and GTX stays under 4810, markets move sideways. If JJC moves above 41.93, and VIX remains under 13.74 and GTX moves above 4810, the bulls will be on their way to SPX 1640's. If JJC stays under 41.93, and VIX moves above 13.74, and GTX stays under 4810, the markets will sell off strongly. If the VIX moves above 13.74 and the SPX drops under 1623, it is likely that Keybot will flip to the short side.

For the SPX in the Thursday session starting at 1633, another new all-time high, the bulls only need to see a smidge of green in the futures overnight and an upside acceleration will occur to the high 1630's. The bears need to push under 1623 to accelerate the downside. A move through 1624-1632 is sideways action. Markets remain unstable. Exercise caution.

5/12/13; 7:00 PM EST =

5/8/13; 11:04 AM EST = +46; signal line is +33

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long as the algo prints another number today. Copper retreats from the earlier highs with JJC dropping under 41.93 helping the bears, however, it is not reflected in the SPX with another new all-time high printing at 1630.34. Bears need VIX 13.75. Bulls are fine with VIX under 13.75.

5/12/13; 7:00 PM EST =

5/8/13; 11:04 AM EST = +46; signal line is +33

5/8/13; 9:32 AM EST = +62; signal line is +32

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. The algo prints the first number of the week after the opening bell as copper runs higher. JJC 41.93 is very important moving forward. The bulls move JJC above 41.93 creating the buoyancy in the markets this morning off the lows. GTX continues to contribute bearishness to markets under 4810. VIX continues to contribute bullishness to markets. The SPX prints new all-time highs today at 1628.03, so far. The move higher in copper is interesting since it increases the signal line, which is actually what the bears need to create a turn scenario.  JJC 41.93 and VIX 13.75 are very important and would cause a market sell off if their respective levels are violated.  The bulls will simply maintain the JJC and VIX bullishness and at the same time move GTX above 4810 to supply further bull fuel for markets. Stay alert, do not be complacent. Markets remain very unstable.

5/12/13; 7:00 PM EST =

5/8/13; 9:32 AM EST = +62; signal line is +32

5/5/13; 7:00 PM EST = +46; signal line is +31

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long as the bulls march higher. The SPX prints a new closing high at 1625.96 and new all-time high at 1626.03. The algo idled along all day without printing any numbers.  The bulls need to push GTX (commodities), now at 4728, over 4810 to receive upside market fuel. The bears need to push VIX (volatility), now at 12.83, over 13.75 to initiate the market selling. For the SPX starting the Wednesday session at 1626, the bulls are on easy street, only needing to see a smidge of positivity in the futures, and the SPX will run several more handles higher after the opening bell.   The bears need to push under 1617 to accelerate the downside to 1613 in quick order. A move through 1618-1625 is sideways action. The bulls are in control. Bears got nothing unless they see VIX over 13.75. Markets remain erratic and unstable.

5/12/13; 7:00 PM EST =

5/5/13; 7:00 PM EST = +46; signal line is +31

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. The bulls are motoring along on easy street as the SPX prints new all-time intraday and closing highs. If GTX, commodities, now at 4746, moves up through 4810, the markets will receive additional upside fuel.  The market bears need to push the VIX, volatility, now at 12.66, up through 13.75 to initiate market selling.  For the SPX, starting the Tuesday session at 1618, the bulls need to touch the 1620 handle and the mid 1620's will occur quickly. The bears need to push under 1614 to accelerate the downside. A move through 1615-1619 is sideways action.

5/12/13; 7:00 PM EST =

5/5/13; 7:00 PM EST = +46; signal line is +31

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long moving into the new week of trading. Volatility remains key. Markets will climb higher if the VIX stays under 14. Markets will noticeably sell off if the VIX moves above 14. The bulls appear in firm control and will try to further bounce copper and commodities to gain additional strength. The bears will try to create weakness in semiconductors (that are very strong and created much of the upside oomph last week in addition to the lower volatility), financials and retail sectors. Even with higher volatility that will create weaker markets, it does not appear that it would be enough for Keybot to flip short. The best hope for bears would be to see the VIX move over 14 and then oscillate on each side of 14 for a few times which would ratchet the signal line higher so the algo could trigger short, otherwise, the bulls keep running higher.

For the SPX starting at 1614, a new all-time closing high, bulls need to push up through 1618 to create a several handle acceleration to new heights. The bears need to retrace Friday's up move and push under the strong 1597-1598 support, a formidable challenge but not impossible, to accelerate the downside to 1593 in quick order. A move through 1599-1617 is sideways action. Keybot does not print any pre-scheduled numbers this week so the algo will solely print based on the market action.

5/12/13; 7:00 PM EST =

5/5/13; 7:00 PM EST = +46; signal line is +31

5/3/13; 9:00 AM EST = +46; signal line is +31

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long through the weekend.  The algo idled along yesterday without printing any numbers during the trading session. Volatility will remain key next week. The bulls are cruising. Next week's areas of interest can be identified once the Sunday pre-scheduled number prints tomorrow.

5/5/13; 7:00 PM EST =

5/3/13; 9:00 AM EST = +46; signal line is +31

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains bullish into the Friday opening bell. The algo prints a pre-scheduled number resulting in no change. The bulls are driving the bus and with the strong Jobs Report, the SPX appears ready to run up through 1600. Stay alert and remain cautious.

5/5/13; 7:00 PM EST =

5/3/13; 9:00 AM EST = +46; signal line is +31

5/2/13; 10:14 AM EST = +46; signal line is +31

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. A pre-scheduled number prints in a few hours. The bulls are driving the bus. Volatility remains key; watch the bull-bear line at VIX 14. Even if the bears push the VIX above 14, however, creating market weakness, it will likely not have enough oomph to cause the algo to flip to the short side. For the SPX starting at 1598, a new all-time high, the bulls only need to see positive futures and 1600 will print quickly and the trek to the 1620's will likely begin.  The bears need to retrace yesterdays move and push under 1583 to accelerate the downside. A move through 1584-1597 is sideways action. 

5/5/13; 7:00 PM EST =

5/3/13; 9:00 AM EST =

5/2/13; 10:14 AM EST = +46; signal line is +31

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long.  The algo prints a number this morning as volatility stumbles lower favoring the bulls. The VIX is at 13.78 well under 14.00, allowing the bulls to run the broad indexes higher. The SPX prints a new all-time high intraday today at 1597.86 so pay attention to that number. The bulls are driving the bus. Bears got nothing unless they can push VIX back above 14.

5/3/13; 9:00 AM EST =

5/2/13; 10:14 AM EST = +46; signal line is +31

5/1/13; 9:36 AM EST = +32; signal line is +31

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long moving into the Thursday session. Volatility is higher helping the bears but key sectors such as financials, retail and semiconductors remain in the bull camp. Any one of these three would need to drop about -2% to create the bear fuel necessary to move markets strongly lower. Despite the one point difference between the algo number and signal line, the bulls appear to be motoring along fine. Of course, in these erratic and unstable markets, things can change very quickly. Continue to watch the VIX 14 level as a bull-bear market gauge. VIX begins at 14.49 today. If VIX drops under 14 it will be clear that the bulls are taking the markets back to the all-time highs again. If VIX stays above 14, the markets will continue to develop a sick malaise moving forward.

For the SPX starting at 1583, the bulls need to touch the 1598 handle to accelerate the upside and likely begin the trek to the 1620's.  The bears need to push under 1581, less than two points lower, and a downside acceleration will occur. A move through 1582-1597 is sideways action today. Markets may react violently, up or down, to the ECB rate decision in less than two hours. Bulls want VIX 14.  Bears want SPX 1581.

5/5/13; 7:00 PM EST =

5/3/13; 9:00 AM EST =

5/1/13; 9:36 AM EST = +32; signal line is +31

4/30/13; 7:00 PM EST EOM = +46; signal line is +32

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long as the algo prints a number after the opening bell due to the higher volatility. The VIX is above 14 creating market weakness but the bears do not yet have the juice to cause a move to the short side. The algo number and signal line are now only one point difference. The SPX LOD is 1590 remaining above the 1586-1587 level that is important support for today.

5/3/13; 9:00 AM EST =

5/1/13; 9:36 AM EST = +32; signal line is +31

4/30/13; 7:00 PM EST EOM = +46; signal line is +32