Monday, November 17, 2014

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long as the algo is active this week out of the gate printing three numbers already. The algo number is only two ticks from the signal line so the caution flag is out. Watch VIX 14.37 as the bull bear line in the sand (not 14.21). The VIX is jogging above and below 14.37. A ceiling is placed in the stock market upside as long as VIX stays above 14.37. Watch JJC 36.98. JJC is down a nickel today remaining in the bear camp at 36.70 so the bulls cannot receive any help from copper. The bears are flexing their muscles with the higher volatility. The SPX is testing the 2035 support previously mentioned where a downside acceleration should occur if it fails.

11/19/14; 9:00 AM EST =
11/17/14; 11:34 AM EST = +47; signal line is +45
11/17/14; 10:05 AM EST = +61; signal line is +45
11/17/14; 9:36 AM EST = +47; signal line is +43
11/16/14; 7:00 PM EST = +61; signal line is +42

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