Monday, August 11, 2014


Keybot the Quant is bearish as the new week of trading is underway and the algo is active printing two numbers. The bulls keep RTH elevated and push UTIL above the important 543.81 to create upside market fuel, but UTIL drops back under. Copper is heading higher with JJC at 38.84 only pennies from the bull-bear line at 38.92 that the algo calculates. If UTIL moves above 543.81 and JJC above 38.92, the stock market will run strongly higher and Keybot will likely flip long. Market bears are fine if UTIL and JJC remain in the bear camp under the levels listed. The SPX receives its one point of upside at the bell and catapults higher up about +10 thus far. Utilities and copper, however, will provide the market direction answer.

8/15/14; 10:00 AM EST =
8/11/14; 10:13 AM EST = -9; signal line is +18
8/11/14; 9:51 AM EST = +7; signal line is +20
8/10/14; 7:00 PM EST = -9; signal line is +22

No comments:

Post a Comment

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