Keybot the Quant remains long through the holiday-shortened session and through the weekend. The algo did not print any numbers today. Volatility ramps up today. The SPX fell through the 2067 level but the VIX is 13.33 and still needs one more point higher to flip the algorithm short. If the VIX would have moved above 14.35 today, Keybot would have likely flipped short. The same story will be in place for Monday; volatility is key. That is why the imminent turn notation is in play; the bears were very close to turning the tables today as everyone enjoys the bullish euphoria.
Next week's areas and levels of interest can be posted once the Sunday pre-scheduled number prints. The bulls are driving the bus but each day is sketchy. Interestingly, the bulls need copper and commodities to move higher to gain more upside steam and instead both sectors collapsed today.
11/30/14;
7:00 PM EST EOM =
11/26/14; 10:00 AM
EST = +58; signal line is +52
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.