Tuesday, December 9, 2014

STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains long moving into the Tuesday session. A global cascading selloff is in play after confirmation occurs that China's economy is weakening. If the VIX moves above 14.43 (now at 14.21) and the SPX drops under 2054, Keybot will likely flip short. The S&P futures are deteriorating now down -12 so the two parameters listed will easily rupture at the opening bell. However, the algo has internal rules that must latch properly so the flip to the short side is not a done deal. Pay close attention to the low prints in the SPX as they occur. As long as the SPX continues steadily lower the algo should flip short. The algo has been long since SPX 1900.

12/12/14; 10:00 AM EST =
12/8/14; 2:31 PM EST = +58; signal line is +56

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