Thursday, April 23, 2015

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. The algo prints one number today. The bulls run higher fueled by stronger commodities and a rise in copper. The battle on Friday will be between commodities and copper. Watch the GTX 3212 bull-bear line in the sand. The GTX ran above this level creating the bullishness today so the bears must send it back under. Watch JJC 32.58. JJC is under at 32.31 causing market bearishness so bulls need JJC above 32.58 to light the way higher. The stock market will likely move in the same direction as copper tomorrow so watch how it trades overnight.

For the SPX at 2113, the bulls need to push above 2020 to accelerate the upside. The bears need to push under 2103 to accelerate the downside. A move through 2104-2019 is sideways action to end the week. Bears need GTX under 3212 and XLF under 24.17 or they got nothing.

4/26/15; 7:00 PM EST =
4/23/15; 10:42 AM EST = +68; signal line is +52
4/22/15; 10:33 AM EST = +54; signal line is +52

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