Thursday, March 3, 2016

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long; the bulls are cruising with lower volatility and higher financials and copper. The algo did not print any numbers yesterday. Stocks will continue floating along sideways to sideways higher unless the VIX moves above 19.70 and/or the XLF under 21.73.

For the SPX on Thursday starting at 1986, the bulls only need one point higher, to touch the 1987 handle and bingo, the upside will accelerate several points into the 1990's. The bears need to push under 1969 to immediately accelerate the downside towards 1960. A move through 1970-1986 is sideways action. The market bears got nothing unless they can push volatility higher and banks lower.

3/6/16; 7:00 PM EST =
3/4/16; 9:00 AM EST =
3/1/16; 2:49 PM EST = +51; signal line is +23

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