Sunday, October 25, 2015

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long moving into the new week of trading. Keybot did not print any numbers last Friday. Stocks leaped higher after the PBOC promises more QE easy money. The bulls are beating the bears with the central banker baseball bat.

Bulls need higher copper prices to keep pushing the stock market higher so watch JJC 28.06 (a bull-bear line in the sand identified by the algorithm). The bears need either the SPX under 2051 and/or UTIL under 589.23 to firmly stop the stock rally and reverse equities to a downside trend. If the three parameters remain status quo, stocks will drift along sideways with an upward bias.

For the SPX starting at 2075 on Monday, the bulls need to touch the 2080 handle and bingo, price will jump well into the 2080's. The bears need to push under 2058, a formidable task, so instead bears will focus on sending copper and utilities lower. A move through 2059-2079 is sideways action to begin the week.

The bulls continue to drive the bus with the algo number 23 points above the signal line. Keybot prints two pre-scheduled numbers this week one on Tuesday morning and one on Friday morning. Friday is the EOM and October began at SPX 1920.

11/1/15; 7:00 PM EST EOM =
10/3015; 10:00 AM EST =
10/2715; 10:00 AM EST =
10/25/15; 7:00 PM EST = +54; signal line is +31
10/22/15; 2:59 PM EST = +54; signal line is +30

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