Keystone's proprietary algo, Keybot the Quant, flips to the bull side today at SPX 2047. The NYA Index moves above its 40-week MA at 10755 creating the strength after lunch time. This is a critical blow to market bears since the NYA 40-week MA cross is an important cyclical market signal. In other words, the bulls have regained control of the markets on the intermediate and longer term basis. Continue watching NYA 10755 it will remain important through the end of the year. The NYA is currently printing 10771. As always, stay alert for a whipsaw move for Keybot but the bulls appear to be in strong control. More information is found at Keybot's site;
Keybot the Quant
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