Keybot the Quant remains long. The bulls throw another party yesterday boosting the retail sector which will launch a move to SPX 1900, however, the bulls faded into the closing bell. Watch RTH 58.97 since it is the key element dictating market direction currently. RTH begins at 58.86 causing market bearisness. Bulls will be popping champagne corks if RTH moves above 58.97. XLF 21.78 is another bull-bear line in the sand. XLF begins at 21.99 causing market bullishness. VIX 14.70 is important with the bulls winning this fight. Copper is important with the bears winning this fight keeping JJC under 37.45.
For the SPX starting at 1880, the bulls need to touch the 1885 handle and an upside acceleration will occur. The bears need to push under 1873 to accelerate the downside. A move through 1874-1884 is sideways action for Wednesday. S&P futures are -2 at this writing about three hours before the opening bell. The bulls are cruising and will be in clover if RTH moves above 58.97. The bears need XLF under 21.78, and VIX above 14.70, and the SPX under 1873, to create a scenario for a potential flip to the short side.
4/27/14;
7:00 PM EST =
4/25/14;
10:00 AM EST =
4/22/14; 2:58 PM EST
= +47; signal line is +24
4/22/14; 11:38 AM EST
= +63; signal line is +24
4/20/14;
7:00 PM EST = +47; signal line is +23
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