Saturday, July 6, 2013

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long through the weekend. The pre-scheduled number yesterday results in no change and the algo idled along without printing any numbers. The drop in volatility from 22 to under 15 over the last few days has provided the market bulls with upside oomph. Volatility, utilities and commodities are of key interest to the algo currently, VIX, UTIL and GTX, respectively, and the levels of interest can be identified once the Sunday pre-scheduled number prints tomorrow. The algo number is 23 points above the signal line providing the bulls a comfortable position moving forward although the markets remain erratic and unstable.

7/7/13; 7:00 PM EST =
7/5/13; 9:00 AM EST = +19; signal line is -4
7/3/13; 9:30 AM EST = +19; signal line is -4

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