Sunday, September 21, 2014


Keybot the Quant remains long moving into the new week of trading. As mentioned in the previous post, volatility is the main market driver currently with VIX 12.38 the bull-bear line in the sand. Equities will continue higher if VIX remains under 12.38. Bears will growl if VIX moves above 12.38. If the VIX stays above 12.38, and the SPX drops under 2007, and remains under, Keybot will likely flip to the short side, hence the imminent turn notation remains in the title line. Bulls and bears are fighting for control.

For the SPX starting at 2010, the bulls need to push above 2019, the all-time high, to accelerate higher to 2022 in a heartbeat. The bears need to push under 2007 to accelerate the downside which will tag 2002-2003 support very fast. A move through 2008-2018 is sideways action to begin the week. Watch the VIX 12.38 level like a hawk at the opening bell; it will tell you the market directional answer. Keybot prints one pre-scheduled number this week on Friday morning.

9/28/14; 7:00 PM EST =
9/26/14; 10:00 AM EST =
9/21/14; 7:00 PM EST = +56; signal line is +42
9/19/14; 1:57 PM EST = +56; signal line is +42

No comments:

Post a Comment

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