Wednesday, November 12, 2014


Keybot the Quant remains long. The algo has not printed any numbers this week and simply idles along tracking volatility and copper to see which one flinches. Market bulls win big with JJC above 37.00. Market bears win big with VIX above 14.18. Equities were weak this morning but the VIX was not climbing up through the 14.18 level so you knew that the bulls would recover, and they did. Stocks stagger sideways or sideways with an upward bias until either JJC 37.00 or VIX 14.18 occurs and decides the winner for the next 10 to 20 SPX handles.

For the SPX starting at 2038, the bulls need 2 points, to push up through 2040 and an upside acceleration will occur to the high 2040's. The bears need to push under 2032 to accelerate the SPX down into the 2020's. A move through 2033-2039 is sideways action for Thursday. The algo is paying attention to volatility and copper so that is all that matters right now as described above.

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

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