Wednesday, September 9, 2015


Keybot the Quant remains short the market moving into the Wednesday session. The algo prints one number yesterday but the algo line remains 31 points under the signal line keeping the bears in firm control. Note that copper created the boost in the broad indexes yesterday just as the model predicted on the weekend. Pay attention to JJC 28.39 an important bull-bear level. JJC is at 28.62 on the bull side which creates broad market upside. Bears will not gain downside traction unless copper falls and JJC slips back under 28.39.

Watch RTH 76.10 and SOX 633.50 as two other bull-bear lines in the sand. If these two parameters jump into the bull camp then the model may flip long. If retail stocks and semi's turn bullish the model will be in imminent turn status. So bears need weaker copper and bulls need stronger retail stocks and chips.

For the SPX starting at 1969, the bulls only need one upside point, to poke above 1970, and the upside will accelerate higher. S&P futures are up over +20 about two hours before the opening bell for the SPX. Copper is trading higher. Bulls are going to make a continued run higher so watch RTH 76.10 and SOX 633.50 which will verify that  the bulls have the beans for a sustainable rally, or not.

9/13/15; 7:00 PM EST =
9/11/15; 10:00 AM EST =
9/8/15; 9:46 AM EST = -38; signal line is -7
9/6/15; 7:00 PM EST = -54; signal line is -5

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