Keybot the Quant remains long to begin the new week of trading. The bulls waste no time slapping the bear's in the face. Volatility drops with the VIX under 12.85 and financials jump higher with XLF well above 22.53 so bulls win. The SPX touches the 1964 handle so bingo, the SPX accelerates to a HOD at 1971.51 thus far. The bulls are cruising, unless of course, if a tape bomb hits the news wires. The bulls are in control of all major sectors except for commodities and copper that head south. Market bears need the VIX above 12.85 or they got nothing.
8/19/14;
9:00 AM EST =
8/18/14; 9:36 AM EST
= +53; signal line is +22
8/17/14;
7:00 PM EST = +39; signal line is +20
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