Keybot the Quant is long since October and did not print any numbers today after yesterday's wild ride. The algo is fixated on volatility and bears got nothing without VIX 14.48. Interestingly, the bulls likely need copper and/or commodities to create the next push higher and they appear less than enthusiastic. With the standoff, equities float sideways to sideways higher. If VIX moves above 14.48, and SPX under 2054, Keybot will likely flip short.
For the SPX starting at 2067 on Wednesday, the bulls need to touch the 2069 handle and an upside acceleration will occur to the all-time highs at 2073 and 2076. The bears need to push under 2054 to accelerate the downside. A move through 2055-2072 is sideways action. Bulls only need a couple S&P points in the overnight futures and the rally party will continue for Wednesday. Bears need higher volatility or they got nothing.
12/7/14;
7:00 PM EST =
12/5/14;
9:00 AM EST =
12/1/14; 1:03 PM EST =
+58; signal line is +56
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.