Keybot the Quant remains long all week. The bulls keep pushing. The RTH is up to 58.96 well above the 58.59 bull-bear in the line. Bulls want to continue the party into the weekend. Copper weakens and turns negative. Commodities leak lower this week as well as the dollar shows signs of strength, therefore, these two areas may come into play next week.
Equities remain overbot as defined by the algo at +79 and +80 and these high readings do not occur often. The algo is limited as +100 as a maximum and -100 as a minimum and further gains higher are probably not likely since many parameters are data-based which change more slowly over time. Bears need RTH under 58.59 or they got nothing. The SPX prints a new all-time intraday high at 1921.30.
Equities remain overbot as defined by the algo at +79 and +80 and these high readings do not occur often. The algo is limited as +100 as a maximum and -100 as a minimum and further gains higher are probably not likely since many parameters are data-based which change more slowly over time. Bears need RTH under 58.59 or they got nothing. The SPX prints a new all-time intraday high at 1921.30.
6/1/14;
7:00 PM EST EOM =
5/30/14; 10:00 AM EST
= +79; signal line is +59
5/29/14;
10:30 AM EST = +80; signal line is +58
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