STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long and did not print any numbers in the Thursday session. The bears simply do not have the juice but did manage to push the retail stocks lower. RTH dropped to tease near the 59.04 failure line but then recovered. The algo is tracking RTH 59.04 as the best case for bears to introduce market negativity. As long as RTH remains above 59.04, now at 59.35, the bulls are cruising without any care or concern.

For the SPX starting at 1957, the bulls need to punch up through the strong 1960 resistance and an acceleration higher to the all-time highs will occur into the weekend. The bears need to push under 1945 to accelerate the downside. A move through 1946-1959 is sideways action to end the week. S&P futures are -1, whoops, check that, now -4 taking a dip lower over the last few minutes.The weakness in equities is meaningless unless the bears slap retail stocks lower and RTH drops under 59-ish. Bulls are fine without worry if RTH stays above 59-ish. Keybot prints a pre-scheduled number this morning at 10 AM. 

6/29/14; 7:00 PM EST =

6/27/14; 10:00 AM EST =

6/24/14; 10:00 AM EST = +80; signal line is +62