Keybot the Quant remains long. The bulls keep slapping the bears around. Volatility collapses creating rocket fuel for the stock market. Interestingly, banks are subdued. The algo prints one number so far today and market direction currently appears to be a battle between volatility and financials. Bears will stop the stock market rally if they move VIX above 16.17 (now at 15.44). Bulls will rejoice and catapult equities far more higher if XLF moves above 22.77 (now at 22.60).
7/3/16;
7:00 PM EST =
6/30/16;
7:00 PM EST EOM =
6/30/16; 10:43 AM EST
= +82; signal line is +47
6/29/16;
1:29 PM EST = +68; signal line is +45
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