Keybot the Quant remains long through the weekend. The bulls pump the retail and copper sectors higher to create lift in the broad indexes. RTH moves above 58.85 to create market strength, but then drops back into the bear camp. Copper runs strongly higher but the bulls could only tap on the JJC 37.50 door and were unable to move above to unleash strong upside buying power in equities. Thus, markets continue sideways and these two parameters will be key on Monday. Bulls win if they pump retail or copper higher. Bears will win if they push financials or commodities lower as well as volatility higher. The VIX drops under 13 adding bull fuel. The week ahead and levels of interest can be identified once the Sunday pre-scheduled number prints tomorrow. Note that the algo number is only two ticks from the signal line. The markets remain a coin flip.
5/4/14; 7:00 PM EST =
5/2/14;
10:47 AM EST = +49; signal line is +47
5/2/14;
9:42 AM EST = +65; signal line is +45
5/2/14;
9:00 AM EST = +49; signal line is +43
4/30/14;
7:00 PM EST EOM = +49; signal line is +42
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