Wednesday, June 25, 2014

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long. Equities sell off on Tuesday but the algo motors along without printing any numbers. The market bears need either JJC 37.65 or RTH 59.03, otherwise, they got nothing. For the SPX starting at 1950, the bulls need to push up through 1968 to regain their mojo, a formidable task, so instead the bulls will simply keep copper and the retail sector elevated to frustrate the bears. The bears need to push SPX under 1948 to accelerate the downside and continue the path lower. A move through 1949-1967 is sideways action for Wednesday. S&P futures are -4. The caution and/or imminent turn warnings will likely not appear in the title line unless copper and the retail sectors weaken.

6/27/14; 10:00 AM EST =
6/24/14; 10:00 AM EST = +80; signal line is +62
6/22/14; 7:00 PM EST = +79; signal line is +62

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