Sunday, July 13, 2014


Keybot the Quant remains long as the new week of trading begins. The same-o theme remains with financials, volatility and retail the three areas most greatly controlling broad market direction currently. Watch XLF 22.46, VIX 13.16 and RTH 59.34. All three are in the bull camp creating market upside. Bears got nothing unless they pull at least one of the three into the bear camp. If all three remains bullish, the stock markets will float sideways with an upward bias. If one of the three parameters turn bearish, and the SPX drops under 1960, Keybot will likely flip to the short side, hence, the imminent turn notation remains in the title line.

For the SPX starting at 1968, the bulls need to touch the 1969 handle, only one skinny point higher, and an upside acceleration will occur. S&P futures are +1 on Sunday evening so the bulls want to make a run, however, the opening bell is a long way away. The bears need to push under 1960 on Monday to accelerate the downside. A move through 1961-1968 is sideways action to begin the week. The algo prints two pre-scheduled numbers this week one on Thursday and the other on Friday. The bulls are driving the bus for almost two months. XLF 22.46 is likely the best opportunity for the bears to take control of the stock market. Listen for any negative news concerning banks or retailers.

7/20/14; 7:00 PM EST =
7/18/14; 10:00 AM EST =
7/17/14; 9:00 AM EST =
7/13/14; 7:00 PM EST = +67; signal line is +64
7/7/14; 10:53 AM EST = +67; signal line is +63

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