Saturday, August 30, 2014

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

Keybot the Quant remains long through the holiday weekend. The bears were pushing volatility higher trying to create heavy selling into the weekend sending VIX to 12.44 only one dime from the 12.54 bull-bear line, but alas, the bears are slapped in the face, volatility collapses during the last hour of trading sending equities higher into the holiday. Copper and volatility remain the two key market directional drivers currently; bulls need higher copper and bears need higher volatility. Areas and levels of interest can be identified once the Sunday pre-scheduled number prints. US markets are closed on Monday for the Labor Day holiday and trading will resume on Tuesday morning. 

8/31/14; 7:00 PM EST EOM =
8/29/14; 10:00 AM EST = +54; signal line is +51
8/28/14; 10:00 AM EST = +54; signal line is +50

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