Tuesday, September 15, 2015


Keybot the Quant remains short. The algo prints three numbers in the Monday session with the bears in control. Copper dropped with JJC under 28.43 which ushered in the stock market weakness. Copper drove stocks higher last week. Thus, watch the key pivot at JJC 28.43. Price is below at 28.25 which causes broad market weakness but if JJC moves above 28.43 it confirms an upside rally in stocks. If the bulls then move RTH above 76.10 and/or UTIL above 563, a more substantive upside stock market rally will occur.

For the SPX starting at 1953, the bulls need 10 points, to push above 1963 to create an upside acceleration. The bears need to push under 1948 to create a multi-handle downside acceleration. A move through 1949-1962 is sideways action for Tuesday. S&P futures are up 1 points and copper is trading flat two hours before the opening bell. If JJC moves above 28.43, the caution flag will come out since the model may be moving towards a potential flip to the long side. If copper remains weak then the stock market will remain weak.

9/17/15; 9:00 AM EST =
9/14/15; 10:51 AM EST = -58; signal line is -30
9/14/15; 10:37 AM EST = -42; signal line is -26
9/14/15; 9:42 AM EST = -58; signal line is -24
9/13/15; 7:00 PM EST = -42; signal line is -21

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