Tuesday, July 15, 2014


Keybot the Quant remains long and another day goes by with the algo not printing any numbers. The JPM and GS positive earnings catapult the XLF to 23. Retail Sales numbers were good enough to send RTH to 60. Note how commodities are continuing to collapse which will limit the broad market upside. Bears need RTH 59.43 or VIX 13.03 to create market weakness. If either parameter turns bearish, and the SPX drops under 1965.50, Keybot will likely flip short.

For the SPX starting at 1973, the bulls need to push above 1982 to create an upside acceleration. The bears need to push under 1965.50 to accelerate the downside. A move through 1966-1981 is sideways action. The bulls are cruising.

7/17/14; 9:00 AM EST =
7/13/14; 7:00 PM EST = +67; signal line is +64

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