Keybot the Quant remains long as the Thursday session is well underway. Today is a repeat of yesterday. The VIX leaps above 14.37 creating the market selling. The SPX comes down to the 2040.50 called out last evening and bounces exactly from SPX 2040.49. The VIX then collapses under 14.37 creating bull fuel so the fix is in and the bears are punched in the face again. The bears have tried to stop the rally for two consecutive days but are not yet successful. VIX is down to 13.70.
Same scenario is in play. Bears need VIX above 14.37 to create market selling and if SPX drops under 2040.50, Keybot will likely flip short. Bulls need JJC above 36.93 to signal more market upside, however, copper is weak today. Even though the bulls are preventing the bears from creating extended downside the bulls cannot gain upside traction unless copper moves strongly higher so the standoff continues. Bears got nothing unless they push volatility higher.
11/23/14;
7:00 PM EST =
11/20/14; 9:54 AM EST
= +61; signal line is +49
11/20/14; 9:36 AM EST
= +47; signal line is +49 but algorithm remains long
11/19/14;
1:04 PM EST = +61; signal line is +49
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.