Thursday, November 13, 2014


Keybot the Quant remains long and the algo finally prints a couple numbers for this week. The fight between volatility and copper continues. Copper collapsed today and volatility spiked. The volatility moves above the important VIX 14.20 level so the bears were cheering as market sold off but then the bears slipped on a banana peel. VIX drops back under 14.20 sending stocks higher in the afternoon. Watch VIX 14.20 and JJC 36.95. One or the other will flinch and verify the direction ahead. Bears win with higher volatility. Bulls win with higher copper.

For the SPX starting at 2039, the bulls need to push above 2046 to accelerate the upside above 2050. The bears need to push under 2031 to accelerate the downside. A move through 2032-2045 is sideways action to end the week.

11/16/14; 7:00 PM EST =
11/14/14; 10:00 AM EST =
11/13/14; 2:36 PM EST = +60; signal line is +38
11/13/14; 2:21 PM EST = +46; signal line is +36
11/9/14; 7:00 PM EST = +60; signal line is +35

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