Monday, August 25, 2014


Keybot the Quant remains long and simpoly idled along today without printing any  numbers. The bears receive more slaps to the face with the SPX exploding higher and printing a new all-time record high above 2K at the 2002 palindrome. Interestingly, the prior all-time high about one week ago was 1991, another palindrome and of course the March 2009 market bottom was the 676 closing print; a palindrome. When copper was stronger this morning the fix was in for the bulls. Note that the VIX and the SPX are both up so one of them is wrong and tomorrow we find out which (volatility and the equity markets move inverse to each other and only move in the same direction less than 10% of the time).

Watch JJC 38.85 and VIX 12.58; both are now causing bullishness. Bears need one or both of these targets or they got nothing. If both flip bearish, Keybot the Quant will likely flip to the short side. If both remain bullish markets will continue floating higher. For the SPX starting at 1998, the bulls need to touch the actual 2002 handle and voila, the acceleration higher will continue targeting 2010. The bears need to push under 1992 to accelerate the downside. A move through 1993-2001 is sideways action. Watch copper and volatility. Keybot prints a pre-scheduled number tomorrow morning one-half hour after trading begins.

8/29/14; 10:00 AM EST =
8/26/14; 10:00 AM EST =
8/24/14; 7:00 PM EST = +69; signal line is +40
8/21/14; 10:02 AM EST = +69; signal line is +37

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.