Keybot the Quant remains long. You see the buoyancy in copper and commodities taking stocks higher. JJC and GTX join the bull camp and the algorithm is at epic and historic levels at +98. The +100 level is the maximum possible! The bullish euphoria is off the charts. Aunt Edna just invested her entire life savings in dividend stocks. There is something special that is going to happen in the markets.
The bulls are running the show with the algo number 26 points above the signal line. Bears will only be able to stop the stock market rally if GTX drops under 2306, JJC under 24.52 and/or XLF under 22.84. Bank earnings are on tap that will directly impact XLF. If one of these parameters turn bearish consider the caution flag out. If two turn bearish and the SPX drops under 2140, Keybot will likely flip short.
It is remarkable to see a +98 print. These are special times. Watch commodities, copper and financials.
7/15/16;
10:00 AM EST =
7/12/16; 11:42 AM EST
= +98; signal line is +72
7/12/16; 9:36 AM EST
= +84; signal line is +70
7/10/16;
7:00 PM EST = +68; signal line is +68 but algorithm remains long
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