Keybot the Quant remains long as the Tuesday session is underway. The algo prints the pre-scheduled number resulting in a 3-point bump for the algo number and 1-point for the signal line. The bulls remain in control of the stock market with a differential of nine points. The VIX remains above 14.73 and is currently at 15.74 which creates pressure on stocks. The bears, however, likely need to push the NYA under 10780 to create significant downside in equities and position the algo to flip short. NYA is at 10947 a comfortable 167 points above currently helping maintain buoyant stocks.
The bears have created a lid on the market upside with the higher volatility but cannot yet gain downside momo. The SPX lost 2086 this morning so it quickly collapsed four more to the 2082 low. Watch VIX 14.73 and NYA 10780. One or the other will likely flinch as time moves forward indicating the path ahead for stocks. Status quo will send stocks sideways.
The bears have created a lid on the market upside with the higher volatility but cannot yet gain downside momo. The SPX lost 2086 this morning so it quickly collapsed four more to the 2082 low. Watch VIX 14.73 and NYA 10780. One or the other will likely flinch as time moves forward indicating the path ahead for stocks. Status quo will send stocks sideways.
1/4/15;
7:00 PM EST =
12/31/14;
7:00 PM EST EOM EOQ4 EOH2 EOY 2014 =
12/30/14; 10:00 AM
EST = +49; signal line is +40
12/29/14;
9:36 AM EST = +46; signal line is +39
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