Monday, December 28, 2015


Keybot the Quant remains long with the algo logging an active day printing two more numbers in the afternoon. The algo number is 37 points above the signal line showing that the bulls are on easy street. Bears need either UTIL under 580.50, XLF under 23.85 and/or SPX under 2053. The algo probably wants all three to turn bearish for Keybot to flip short but if all three do turn bearish, the algo will probably flip short immediately. If one or two parameters remain bullish, stocks will likely float higher.

The bulls need higher copper to prove that they mean business to the upside. Bulls need JJC above 24.87 now at 24.00. For the SPX on Tuesday starting at 2057, the bulls only need one point in the overnight S&P futures and bingo, the SPX will accelerate higher at the opening bell into the 2060's. The bears need to push the SPX under 2044 to create an acceleration lower with market carnage on tap. In addition, bears will be fighting overnight to keep the S&P futures negative. A move through 2045-2056 is sideways action for Tuesday. Keybot prints a pre-scheduled number tomorrow morning shortly after the opening bell. The bulls are in charge. Bears need weaker utilities and financials.

12/29/15; 10:00 AM EST =
12/28/15; 2:27 PM EST = +49; signal line is +12
12/28/15; 1:59 PM EST = +35; signal line is +11
12/28/15; 1:21 PM EST = +49; signal line is +11

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