Friday, July 4, 2014


Keybot the Quant remains long through the holiday weekend in the States. US markets are closed today for the Independence Day July 4th holiday. The power of the bullish rally is remarkable. There is no let-up with the indexes in melt-up mode. The Dow prints above 17K for the first time in history and the SPX prints new all-time highs above 1985.

The bears are in hibernation and have not put up any fight in recent weeks. The global central banker intervention creates the market thrust. The best case for bears is moving GTX (commodities) under 5030 which would stop the equity rally. The rising dollar will send commodities lower. Projections and levels of interest can be identified once the pre-scheduled Sunday number prints. The algo did not print any numbers last week with the exception of two pre-scheduled numbers. Equities remain in full-blown bull mode since the mid-May bottom and the bulls are driving the bus without a care in the world. 

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

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