Tuesday, August 4, 2015


Keybot the Quant remains long with the algo printing three numbers in Monday's trade. Note that the algo number dropped to one point away from the signal line so the bears are trying to growl. The growls are snuffed out by utilities rising higher. Watch UTIL 586.90. Bears need UTIL below 586.90 to stop the upside move in equities. Watch NYA 10941. Bulls need NYA above 10941 to gain upside strength for the stock market. Market bears would also benefit from the VIX rising above 13.66 now at 12.56. If either UTIL drops under 586.90 or VIX moves above 13.66, consider the imminent turn to be in play and if the SPX drops under 2087, Keybot will likely flip short.

For the SPX on Tuesday starting at 2098, the bulls need to push above 2106 to accelerate a move higher. The bears need to push under 2087 to gain downside mojo. A move through 2088-2105 is sideways action. S&P futures are -3 three hours before the opening bell. The bulls are running but pay attention to UTIL 586.90 and SPX 2087 that would likely place the bears in the drivers seat.

8/7/15; 9:00 AM EST =
8/3/15; 3:46 PM EST = +19; signal line is +4
8/3/15; 2:24 PM EST = +3; signal line is +2
8/3/15; 9:36 AM EST = +19; signal line is +2
8/2/15; 7:00 PM EST EOM = +19; signal line is -1

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