Keybot the Quant Turns Bullish

Keystone's algorithm flipped long at the opening bell. That results in a loss of 3% and 4% for the algo itself and the actual trading for the last trade, respectively. Last Thursday, the markets failed and started to roll over. The Fed stepped in via Yellen's mouthpiece and others to pump the quantitative easing talk, thus saving the markets. The indexes reveresed hard to the upside on Thursday, then a gap up opening Friday morning. Nothing detrimental resulted from the EU Summit this weekend so the indexes were off to the races at the start today.

Watch volatility, the VIX. The algo is monitoring 29.86 currently, the VIX  is now at 29.64, market bullish. If the VIX stays under 29.86, the bulls will be partying for a while. Utes, semi's, retail, financials and now lower volatility are the pillars of strength supporting the markets currently. If the market bears want to start something, they will begin with a VIX move back above 29.86.

Further information is on Keybot the Quant's site;

http://www.keybotthequant.blogspot.com