Sunday, July 19, 2015

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long heading into the new week of trading. The market is bifurcated with copper, commodities and semiconductors in the bear camp and most other sectors bullish creating upside lift in stocks. The upside equity rally will continue unless the bears can push VIX above 14 and/or NYA under 10918.

For the SPX starting the week at 2127, the bulls need to touch the 2129 handle and bingo, the stock market will accelerate higher and the SPX should print new all-time record highs above 2135. Thus, watch the overnight S&P futures to see if two points of upside are on tap. The bears need to push under 2120 to accelerate the downside. A move through 2121-2128 is sideways action for Monday. Keybot does not print any pre-scheduled numbers this week. Bulls are cruising with the algo number 42 points above the signal line.

7/26/15; 7:00 PM EST =
7/19/15; 7:00 PM EST = +22; signal line is -20
7/17/15; 10:00 AM EST = +22; signal line is -22

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