Friday, July 18, 2014


Keybot the Quant remains short as the bulls mount a strong recovery after VIX colapses through 13.06 like a hot knife through butter. Bears need VIX back above 13.06 as soon as possible. In the mean time, the algo number is back above the signal line and Keybot is champing at the bit to whipsaw back to the long side. If the SPX moves above 1982.63 (say 1982 in general by the looks of it) into today's closing bell, Keybot will likely flip back to the long side. The bears need to prevent anymore upside in the SPX. VIX is printing down at 12.35 with about two hours of trading remaining in the day and week. If VIX moves higher, SPX drops. If VIX drops, SPX moves higher. The SPX is printing 1975. Do the bulls have another 7 points of upside in them moving into the weekend?

The algo is now tracking copper more closely again. Watch JJC 38.60. JJC is at 38.93 creating bullishness in markets. Bears need JJC under 38.60. The retail sector runs higher today creating bull fuel. RTH is up near 60 firmly in the bull camp

7/20/14; 7:00 PM EST =
7/18/14; 10:58 AM EST = +66; signal line is +63 but algorithm remains short
7/18/14; 10:00 AM EST = +52; signal line is +63

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