Sunday, February 15, 2015

STOCK MARKET BULLISH - LONG

Keybot the Quant is long moving into the new week of trading. US markets do not reopen until Tuesday morning due to the President's Day holiday on Monday. The bulls need higher utilities to move the stock market higher while the bears need higher volatility to move the market lower. Bulls need UTIL above 603 (now at 594 creating market negativity). Bears need VIX above 16.61 (now at 14.69 creating market positivity). 

For the SPX starting at a new record high at 2097, the bulls only need a smidge of green in the S&P futures ahead of Tuesday morning's open and the upside will easily accelerate above 2100. The bears need to push under 2087 to accelerate the downside that will tag 2082 very quickly. A move through 2088-2096 is sideways action for Tuesday. The bulls are driving the bus. Keybot prints one pre-scheduled number on Wednesday.

2/22/15; 7:00 PM EST =
2/18/15; 9:00 AM EST =
2/15/15; 7:00 PM EST = +54; signal line is +42
2/13/15; 12:14 PM EST = +54; signal line is +41

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