Sunday, January 4, 2015

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant is long moving into the new trading week ahead and the first full week of the new year. The battle over the NYA 10782 bull-bear line in the sand continues. Bulls will stage a recovery rally by moving the NYA, now at 10831, higher along with lower volatility. Bears will growl if the NYA loses the 10782 level and markets will get ugly quickly. Watch volatility the VIX 14.86 level (now at 17.79 creating negativity).

For the SPX starting at 2058, the bulls need to push above 2072 to accelerate price towards 2080. The bears need to push under 2046 to accelerate the downside to 2040. A move through 2047-2071 is sideways action for Monday. Watch NYA since as NYA goes so goes the markets. If the NYA loses 10780 and the SPX loses the 2046 level, and both remain under, Keybot will likely flip short. If NYA fails consider the 'imminent turn' notation to be in the title line. Keybot prints one pre-scheduled number this week on Friday morning. The bulls are driving the bus.

1/11/15; 7:00 PM EST =
1/9/15; 9:00 AM EST =
1/4/15; 7:00 PM EST = +49; signal line is +43
1/2/15; 1:58 PM EST = +49; signal line is +42

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