Wednesday, July 16, 2014


Keybot the Quant remains long. The beat goes on with the bulls slapping the bears around day after day. The algo is tracking RTH 59.47 and JJC 38.65. Both are now printing above these critical bull-bear levels, identified by the algo, creating market bullishness, and equities keep floating higher. Equities should be limited on the upside due to the failure in commodities over the last three weeks. The bears need either RTH 59.47 or JJC 38.65 or they got nothing. Markets will begin selling off and start a trend lower if one of these two parameters turn bearish. If one of the two turn bearish, and the SPX drops under 1976, Keybot will likely flip short.

For the SPX starting at 1982, the bulls need to touch the 1984 handle and an upside acceleration will occur in a heartbeat with price punching up through the all-time high at 1985 and moving to 1990. So watch the S&P futures to see if the bulls can muster up a couple of points and put on the party hats for Thursday. The bears need to push under 1976 to accelerate the downside. A move through 1977-1983 is sideways action. The bears need weaker retail stocks and weaker copper or they got nothing. Housing Starts hit at 8:30 AM and will impact the S&P futures. Keybot prints a pre-scheduled number before the opening bell.

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

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