Keybot the Quant remains long as the dramatic week continues. The bulls are in control with the algo number 7 points above the signal line. Market bulls need higher commodities, GTX above 2306, to prove that they can take stocks higher. Bears need either lower banks, XLF under 22.84, or lower copper, JJC under 24.52, to guarantee a path lower for equities. If banks or copper turn negative consider the imminent turn in play and if the SPX drops under 2156, the model may flip short (but either banks or copper must turn bearish). The beat goes on. Commodities, financials and copper are dictating broad market direction today.
7/17/16;
7:00 PM EST =
7/15/16; 11:07 AM EST
= +82; signal line is +75
7/15/16; 10:00 AM EST
= +96; signal line is +75
7/15/16; 9:53 AM EST
= +98; signal line is +75
7/14/16; 11:52 AM EST
= +84; signal line is +74
7/14/16; 11:31 AM EST
= +98; signal line is +74
7/13/16; 10:36 AM EST
= +84; signal line is +72
7/12/16;
11:42 AM EST = +98; signal line is +72
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