Sunday, July 24, 2016


Keybot the Quant remains long heading into the new week of trading. The algo did not print any numbers last week except for the pre-scheduled number a very rare occurrence. Market behavior is very strange the last few weeks and months. Keybot prints two pre-scheduled numbers this week one on Tuesday morning and one on Friday morning. The month ends, EOM, on Friday.

Market bulls need to push commodities higher, GTX above 2300, to prove that they have the beans to take the stock market ever higher. Bears need to push the VIX above 15.10 and/or JJC under 24.75 to prove that the stock market will begin trailing lower. If the status quo remains, stocks stumble sideways with a slight upward bias.

For Monday for the SPX starting at 2175, the bulls need any smidge of green in the overnight S&P futures and bingo, the S&P 500 will accelerate several handles higher towards 2181. The market bears need to push under 2163 to accelerate the downside. A move through 2164-2174 is sideways action to begin the week. The bulls are in control but higher volatility and/or lower copper will send the stock market lower.

7/31/16; 7:00 PM EST EOM =
7/29/16; 10:00 AM EST =
7/26/16; 10:00 AM EST =
7/24/16; 7:00 PM EST = +82; signal line is +74
7/19/16; 9:00 AM EST = +82; signal line is +75
7/17/16; 7:00 PM EST = +82; signal line is +75

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