Tuesday, July 1, 2014


Keybot the Quant remains long and did not print any numbers during the Monday session but the EOM number prints last evening. The bulls continue cruising without worry. The SPX squeezes out a few points more of intraday upside but retreats into the closing bell. The algo is tracking RTH 59.10 (now at 59.29 creating equity market bullishness) as a bull-bear line in the sand that will show that the bears finally have downside game. If RTH remains above 59.10, the bears got nothing. The algo is also tracking VIX 13.40 and GTX 5030 with interest. All three parameters are in the bull camp maintaining a buoyant stock market.

For the SPX starting at 1960, the bulls need to push above 1964 to accelerate the upside which will pierce through the all-time high at 1968 in quick order. S&P futures are +4 about three hours before the opening bell so the bulls may make a run at the opening bell. The bears need to push under 1958 to accelerate the downside, only two points lower. A move through 1959-1963 is sideways action for Tuesday. The bulls are driving the bus and will continue to do so unless the retail, commodities and copper sectors move lower and volatility higher. Keybot remains strongly overbot at +81.

7/6/14; 7:00 PM EST =
7/3/14; 9:00 AM EST =
6/30/14; 7:00 PM EST EOM = +81; signal line is +63
6/29/14; 7:00 PM EST = +81; signal line is +63

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