Friday, August 8, 2014


Keybot the Quant remains short as a wild roller coaster ride today catapults the stock market higher. The bulls are doing it with the retail sector. Watch the RTH 59.51 bull-bear line in the sand. The bulls will maintain higher equities as long as the RTH remains above 59.51. Bears will resume the selling if RTH falls under 59.51. RTH is currently printing 59.61.

Bulls will also receive upside fuel with either JJC 38.92 and/or UTIL 543.81. Both are creating market negativity currently at 38.81 and 541.42, respectively. Utes are running higher so watch UTIL 543.81 to see if the bulls have more juice, or not. The SPX is attacking the 1928-1929 resistance mentioned in the previous post trying to poke through to create a further acceleration into the mid to upper 1930's. Bears need RTH 59.51. Bulls need UTIL 543.81 or JJC 38.92.

8/10/14; 7:00 PM EST =
8/8/14; 1:35 PM EST = -9; signal line is +24
8/6/14; 9:36 AM EST = -25; signal line is +26

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