Sunday, July 14, 2013

STOCK MARKET BULLISH -- LONG

Keybot the Quant is long heading into the new week of trading. Volatility remains key. The bulls will send markets higher with VIX under 14.27. Bears need to move VIX above 14.27 or they got nothing. The bulls need to either move UTIL (utilities) above 514.73, or, to move JJC (copper) above 39.45, both are formidable tasks, to receive upside market fuel. If VIX remains under 14.27 and the bulls cannot send utilities or copper higher, markets will stumble sideways.

For the SPX starting at 1680 closing on the highs, the bulls only need to see a smidge of green in the futures overnight and that will light the path to several more handles of upside. The bears must keep the futures negative and push under 1672 when the opening bell rings, 8 points lower, to regain their mojo. A move through 1673-1679 is sideways action for Monday. Keybot prints one pre-scheduled number this week on Wednesday. The bulls are cruising without worry. Watch VIX 14.27.

7/21/13; 7:00 PM EST =
7/17/13; 9:00 AM EST =
7/14/13; 7:00 PM EST = +50; signal line is +11
7/12/13; 10:00 AM EST = +50; signal line is +8

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