Tuesday, August 2, 2016


Keybot the Quant remains long and has not printed any numbers this week as yet. Bulls need higher commodities but GTX keeps dropping. The bears can signal that they mean business to the downside for the stock market if any one of three things occur; XLF under 23.18, JJC under 24.94 and/or VIX above 14.90. If any one of the three occurs, consider the imminent turn to be in play and if the SPX then drops under 2148, Keybot will likely flip short.

For the SPX starting at 2157, the bulls need to touch the 2170 handle and bingo, the upside will accelerate towards 2180. The bears need to push under 2148 and stocks will accelerate lower. A move through 2149-2169 is sideways action for hump day. The bulls remain in control but any further weakness in the banks or copper or hike in volatility will place the bears in the driver's seat.

8/5/16; 9:00 AM EST =
7/31/16; 7:00 PM EST EOM = +79; signal line is +75

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