Tuesday, October 20, 2015


Keybot the Quant remains long moving into the Tuesday session. The algo prints one number yesterday and the pre-scheduled number a few minutes ago. Bulls will win with either higher copper, JJC above 28.04, and/or the SPX above 2048. Either one will guarantee a further upside rally. Bears need lower financials and retail stocks; XLF under 23.35 and/or RTH under 75.70, otherwise the bears got nothing. If financials or retail move into the bear camp, caution is required since the algo may be in position to flip short.

For the SPX starting at 2034, the bulls need any positive print and bingo, the upside will accelerate several handles. S&P futures are down -4 shortly before the opening bell. The bears need to push under 2022 to accelerate lower towards 2011. A move through 2023-2033 is sideways action for Tuesday. Watch the banks and copper. Copper is trading marginally lower.

10/25/15; 7:00 PM EST =
10/20/15; 9:00 AM EST = +40; signal line is +23
10/19/15; 9:36 AM EST = +40; signal line is +22
10/18/15; 7:00 PM EST = +56; signal line is +21

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