Tuesday, November 11, 2014


Keybot the Quant remains long and the band plays on. The algo is idling along without printing any numbers this week thus far. As long time followers of Keybot know, this may be the calm before the storm since the algo may at anytime start printing numbers rapid fire. For now, however, same dealio. Bulls are in charge and volatility and copper are currently deciding who determines the path ahead. Bulls need higher copper; JJC above 37.01 and the upside party will continue with SPX at 2050. Bears need higher volatility; VIX above 14.17 to place a firm ceiling in the market upside and begin a pull back move in equities.

For the SPX at 2040, another new all-time high, the bulls need to push above 2041, only one point higher, and another upside acceleration occurs. So watch the overnight S&P futures to see if any green is showing. The bears need to push SPX under 2035 to accelerate the downside. A move through 2036-2040 is sideways action. Either volatility or copper is going to flinch as described above and that will tell you the market direction forward.

11/16/14; 7:00 PM EST =
11/14/14; 10:00 AM EST =
11/9/14; 7:00 PM EST = +60; signal line is +35

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