Keybot the Quant remains long. The algo prints a number to begin the day sending the bulls 31 points above the signal line and cruising higher. Watch the XLF 22.89 bull-bear line in the sand. XLF moves above this morning creating the strong bull fuel enabling equities to print at the highs today. The day will finish strong if XLF moves higher above 23 and higher. If XLF leaks lower and drops back under 22.89, the stock market will leak lower. The bulls are in charge. XLF is 22.97 now eight cents above the 22.89 bull-bear level so the bears are getting slapped around. The SPX should run to the 1958 resistance and if that gives way the 1960-1961 R level is next.
10/26/14;
7:00 PM EST =
10/23/14; 10:20 AM
EST = +9; signal line is -22
10/22/14;
12:21 PM EST = -7; signal line is -22
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