Keybot the Quant remains long and the algo printed two more numbers this afternoon. The bulls are motoring along but the bears hold the line at VIX 14.69. Therefore, the market upside is not a done deal. Bulls need VIX under 14.69 or they got nothing. Bears must keep VIX above 14.69 and the market upside will be stopped. VIX begins on Wednesday, the shortened session with a 1 PM close, at 14.80 only 11 pennies on the bear side. The pivot of the VIX after the opening bell will likely tell you how stocks will trade through the end of the year. The stakes are high.
For the SPX starting Wednesday at 2082, a brand-new all-time high, the 51st this year, the bulls need to touch the 2087 handle to create an upside acceleration. The bears need to push under 2080 to accelerate the downside. A move through 2081-2086 is sideways action. Watch the VIX 14.69 level; it is for all the marbles.
12/28/14;
7:00 PM EST =
12/23/14; 3:30 PM EST
= +46; signal line is +34
12/23/14; 2:25 PM EST
= +60; signal line is +34
12/23/14;
10:17 AM EST = +46; signal line is +33
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