Tuesday, September 16, 2014


Keybot the Quant remains short but note that the algo wants to flip long with the algo number and signal line on top of each other at +42. There is an internal latch that will not close under these conditions so the algo remains bearish. UTIL explodes higher well above the 550 danger line in place for all of this week bolstering the bull case. The bulls also send semiconductors higher with SOX above the critical 682.81 level back  in the bull camp creating the market upside. The bears are content since VIX remains above 12.39.

Despite the run higher, the algo will likely not flip long today. If the VIX falls under 12.39, however, the upside path is guaranteed and Keybot will likely flip long in a heartbeat. For now, the beat goes on.

9/18/14; 9:00 AM EST =
9/16/14; 9:52 AM EST = +42; signal line is +42 but algorithm remains short
9/15/14; 3:48 PM EST = +26; signal line is +43

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