Keybot the Quant is bearish as the Friday session motors along. The RTH pivots higher from 59.46 so the bulls receive the nod today and equities launch higher. VIX dropped under the critical 13.06 bull-bear level adding further bull fuel, but recovered back above placing a ceiling on the market upside.
Therefore, the bulls and bears are fighting it out currently with the bulls waving the RTH 59.46 banner and the bulls waving the VIX 13.06 banner. One of these will flinch. Either the bulls win with VIX dropping under 13.06 which will send stocks strongly higher, or, the bears win with RTH falling back under 59.46 reigniting the downside market selling. Keybot prints one number after the opening bell and also the pre-scheduled number so far today. RTH 59.46 and VIX 13.06 tell you the market direction answer today. The bears are driving the bus. Bulls will not make headway higher without VIX under 13.06.
Therefore, the bulls and bears are fighting it out currently with the bulls waving the RTH 59.46 banner and the bulls waving the VIX 13.06 banner. One of these will flinch. Either the bulls win with VIX dropping under 13.06 which will send stocks strongly higher, or, the bears win with RTH falling back under 59.46 reigniting the downside market selling. Keybot prints one number after the opening bell and also the pre-scheduled number so far today. RTH 59.46 and VIX 13.06 tell you the market direction answer today. The bears are driving the bus. Bulls will not make headway higher without VIX under 13.06.
7/20/14;
7:00 PM EST =
7/18/14; 10:00 AM EST
= +52; signal line is +63
7/18/14; 9:39 AM EST
= +53; signal line is +63
7/17/14;
3:42 PM EST = +37; signal line is +63
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