Keybot the Quant remains short. Volatility explodes higher creating market negativity; VIX is above 14.50. XLF failed 21.87, the critical bull-bear line in the sand, so this ushered in further negativity. XLF recovers above 21.87 a short time ago providing market lift. The SPX is wrestling at the 1848-1851 support/resistance area.
If XLF remains above 21.87, the bulls will stop the downside market bleeding and float the indexes higher. If XLF fails 21.87, equities will flush strongly lower.
4/11/14;
10:00 AM EST =
4/7/14; 2:53 PM EST =
+33; signal line is +46
4/7/14; 1:12 PM EST =
+17; signal line is +47
4/7/14; 9:36 AM EST =
+33; signal line is +49
4/6/14;
7:00 PM EST = +47; signal line is +48
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.