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
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.