Keybot the Quant remains long as the algo is active printing three numbers today thus far. The markets initially sold off but the VIX did not move above 16.61 so bears got nothing. UTIL moves under 603, however, helping the bears and placing a ceiling on the market upside. Bulls need UTIL above 603 to light the way higher to more all-time highs for stocks. So watch UTIL 603 and VIX 16.61. The algo is now tracking financials in addition to utilities and volatility; XLF 24.02 is identifed as a key bull-bear line in the sand. XLF is at 24.29 creating market bullishness. Bears will roll stocks south if XLF fails at 24.02.
Stocks are staggering sideways and will gain strength higher with UTIL above 603, or, gain strength lower with VIX above 16.61. The algo number is only four points from the signal line indicating an ongoing bull-bear fight. Utes and volatility determine the winner. A spike in volatility would set the algo up to potentially flip short so a caution flag is in order as stocks stumble sideways.
2/22/15;
7:00 PM EST =
2/19/15; 12:22 PM EST
= +54; signal line is +50
2/19/15; 12:03 PM EST
= +70; signal line is +49
2/19/15; 11:08 AM EST
= +54; signal line is +47
2/18/15;
2:17 PM EST = +70; signal line is +45
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