The stock market drama continues with a new battle on tap at the 200-day MA at 16.46, a critical bull-bear line in the sand. The VIX is at 17.04 creating market angst. In addition, the Keybot the Quant algorithm is tracking 15.97, call it 16, as a critical bull-bear line in the sand. Thus, taking a broken blue crayon from the Crayola box, a thick line is drawn across the 16.0-16.5 level.
Stock market bears win big-time if the VIX tests 16.50-ish and bounces higher; stocks will be falling like rocks. Market bulls will rejoice if the VIX falls below 16.00-ish since equities will be catapulting higher with green screens everywhere. Between 16.0 and 16.5 is noise. Who will win? PPI is Tuesday, 10-Year Auction and FOMC Minutes are Wednesday, CPI is Thursday and Sentiment on Friday. So inflation, or lack thereof, will be a big theme in the week ahead. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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