Keybot the Quant remains long. The algo idled along all day Monday without printing any numbers. The market bulls could not move higher since JJC remains under 44.20. Watch SOX 376.00, now at 380.61 creating market bullishness. Watch VIX 18.80, now at 18.03 creating market bullishness. The bulls need JJC over 44.20 to move markets higher; the bears need SOX under 376 and/or VIX over 18.80 to ignite a strong downside move. Otherwise, markets will stumble sideways. Also watch XLF 14.45.
For the SPX starting at 1385, the bulls need to touch the 1392 handle to create an upside market acceleration. The 1391 level is strong resistance. The bears need to push the SPX under 1381, only four points lower, to create a downside acceleration. A move thru 1382-1391 is sideways action today. A pre-scheduled number prints at 10 AM so the market action can be updated at that time.
8/5/12; 7:00 PM EST =
8/3/12; 9:00 AM EST =
7/31/12; 7:00 PM EST EOM =
7/31/12; 10:00 AM EST =
7/29/12; 7:00 PM EST = +60; signal line is +26
7/27/12; 10:00 AM EST = +60; signal line is +26
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