Tuesday, November 18, 2014


Keybot the Quant remains long moving into the Wednesday session. The algo is idling along and remains set up the same way as the previous day. The fight between volatility and copper continues. If VIX moves above 14.37 and the SPX moves under 2041.50, Keybot will likely flip short ending the one month rally. Stock market bulls will be fine if they keep VIX under 14.37. Bulls will confirm another leg of upside in equities if JJC moves above 36.88. Equities will continue the sideways flat path with an upward bias if VIX stays under 14.37 and JJC under 36.88.

For the SPX starting at 2052, another all-time record high, the bulls need 4 points, to push above 2056, and an upside acceleration will occur with price running to 2060. The bears need to push under 2041.50 to accelerate the downside. A move through 2042-2055 is sideways action for Wednesday. The bulls are in control but a simple move higher in volatility can change the landscape in the bears favor very quickly. Market bears need higher volatility or they got nothing.

11/23/14; 7:00 PM EST =
11/19/14; 9:00 AM EST =
11/17/14; 12:13 PM EST = +61; signal line is +47
11/17/14; 11:34 AM EST = +47; signal line is +45

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