Keybot the Quant remains long. The pre-scheduled number results in the algo wanting to go short again but the internal programming rules are not lined up properly for the move. Copper is up today and at the opening bell JJC jumps above the 39.02 bull-bear line so the bulls are not worried about any initial market weakness today. Higher copper will provide upside fuel for equities. Volatility is pushed lower which will also help the bulls. SPX is at 1704. Bulls need to touch 1708 to ignite the upside. Bears got nothing unless they can push JJC back under 39.02.
8/4/13;
7:00 PM EST =
8/2/13; 9:30 AM EST =
+65; signal line is +49
8/2/13; 9:00 AM EST =
+49; signal line is +49 but algorithm says stay long
8/1/13;
11:18 AM EST = +49; signal line is +48
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