Friday, September 19, 2014

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

Keybot the Quant remains long. Utilities are elevated all day long so bears do not receive help from this sector. VIX moves above the 12.37 bull-bear level creating market weakness but the bulls recover and push VIX back below 12.37. If the VIX moves above 12.37 and the SPX prints under 2003, Keybot will likely flip short. Since the SPX came within a few handles of falling under 2003 a short time ago, the imminent turn notation returns in the title line. Markets remain a coin flip with lots of sideways drama ongoing. The SPX prints a new all-time record high at 2019.26. Bulls need lower volatility and bears need higher volatility. VIX is at 12.17 and SPX is at 2012.

9/21/14; 7:00 PM EST =
9/19/14; 1:57 PM EST = +56; signal line is +42
9/19/14; 1:00 PM EST = +42; signal line is +42 but algorithm remains long
9/18/14; 9:59 AM EST = +56; signal line is +42

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