STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long through the Christmas holiday. The algo printed one number in the Wednesday session. The bulls brought game from the get-go crushing volatility so it was easy to maintain stock market buoyancy. The bears are punched in the face with the VIX dropping under the critical 14.69 to 14.37 creating the upside in stocks. Bears must push VIX back above 14.69 on Friday or they got nothing and stocks will climb higher targeting SPX 2100.

For the SPX for Friday when trading resumes, starting at 2082, the bulls need to touch the 2088 handle to create an upside acceleration. The bears need to push under 2082 to accelerate the downside so any smidge of negativity in the S&P futures will set up a several handle downside move for the SPX. A move through 2083-2087 on Friday is sideways action. Watch VIX 14.69 like a hawk; it is steering the market directional ship currently. Merry Christmas! Enjoy the day!

12/28/14; 7:00 PM EST =

12/24/14; 9:36 AM EST = +60; signal line is +35

12/23/14; 3:30 PM EST = +46; signal line is +34