Keybot the Quant remains long cruising higher without concern. Just when it was mentioned previously that the algo number would likely not move higher, it squeezes out one more tick to print an even, and elevated, +80. The algo is an oscillator at its heart and this is what enables it to navigate both the bull and bear markets seamlessly. As with all oscillators, like the RSI, stochastics and money flow indicators on a stock chart, a +70 to +80 reading is a move into overbot conditions. Keybot's maximum and minimum readings are +100 and -100, respectively, and looking at all the parameters the algo has to deal with, this +80 reading does appear to be an extremely toppy number. That said, the bears are snoozing in the den and do not show any sign of strength. The SPX touches 1964 and popped to near 1968. The beat goes on.
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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