Friday, July 31, 2015


Keybot the Quant remains long. Yesterday you watched how the SPX dropped to 2095 but could not make it under 2094, while the VIX remained low, so you knew stocks would recover, and they did. The bears are punched in the face today with higher utilities. UTIL moves above its critical 50-week MA at 586.51. Pay close attention to this over the coming days. UTIL also moves above 583.28 a critical level for this week but this expires at the closing bell and is replaces with 597.81 for all of next week. Thus, by Monday morning, the bears will receive points in their favor as UTIL should have a difficult time moving above 597.

For the remainder of Friday, bears need UTIL under 586.51, and 583.28, and equities will turn over to the downside. The bears continue to need higher volatility but the VIX remains subdued so the bears got nothing. The bulls need to move the NYA Index above 10940 (now at 10906) and this will signal further upside for the stock market. The algo prints the pre-scheduled number this morning as well as two other numbers as utilities launch to the upside. The bulls are cruising with the algo number 41 points above the signal line.

8/2/15; 7:00 PM EST EOM =
7/31/15; 10:29 AM EST = +35; signal line is -6
7/31/15; 10:00 AM EST = +19; signal line is -8
7/31/15; 9:37 AM EST = +19; signal line is -10
7/28/15; 1:08 PM EST = +3; signal line is -12

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