Tuesday, July 14, 2015

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long and did not print any numbers in the Tuesday trade. For Wednesday simply watch volatility; VIX now in the bull camp at 13.37 under the important 14.02 level identified by the algo. Stocks will float higher as long as the VIX is under 14. Bears will create market selling pressure if VIX moves above 14.

For the SPX for Wednesday starting at 2109, the bulls need to touch the 2112 handle and bingo, the upside will accelerate to 2120. The bears need to push under 2098 to accelerate the downside that will tag 2091 in quick order. The bulls are running the show. Bears need to push volatility higher.

7/19/15; 7:00 PM EST =
7/17/15; 10:00 AM EST =
7/17/15; 9:00 AM EST =
7/13/15; 3:01 PM EST = +22; signal line is -25

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