Monday, July 7, 2014


Keybot the Quant remains bullish. The bears score a victory with GTX under 5029 placing a top in the markets. The bears need either RTH 59.30 or XLF 22.43 to create market negativity and if one of these two flip bearish Keybot will likely flip to the short side. If the bulls push GTX above 5029 (now at 5023 six points on the bear side), the bears will fold like a cheap suit and more equity market highs are on the way.

For the SPX starting at 1978, the bulls need to push above 1984 and the upside market party continues. The bears need to push under 1975 to accelerate the downside. A move through 1976-1983 is sideways action for Tuesday. The bulls continue driving the bus and need higher commodities to get back on track. The bears need weaker retail stocks and banks.

7/13/14; 7:00 PM EST =
7/7/14; 10:53 AM EST = +67; signal line is +63

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.