Friday, August 8, 2014


Keybot the Quant remains short. The bulls need either JJC 38.92 or UTIL 543.81 to stop the market selling. UTIL 543.81 will remain a bull goal all through next week. Bears will receive more downside fuel if UTIL drops under the 50-week MA now at 516.40. Watch the NYA which has not seen activity with the algorithm in quite some time. The NYA 40-week MA is a key bull-bear market indicator. The NYA is at 10584 and the 40-week MA is 10475. Bears receive more selling fuel if the 10475 level fails, only about 100 points lower.

For the SPX starting at 1910, the bulls need to touch 1929 to regain their mojo, a formidable task especially with very weak S&P futures. The bears need to push under 1905, only 5 points lower, to accelerate the downside several more handles which will breach the SPX 1900 level. A move through 1906-1928 is sideways action. The bears continue to cruise. S&P futures were -15 a couple hours ago and are now down -6 three hours before the US opening bell.

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

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