Tuesday, February 9, 2016


Keybot the Quant remains long as the wild and crazy market action continues. The algo prints one number so far this week. The algo number is nine points above the signal line. Copper failed at the opening bell which helped the bears create a melancholy day. Watch JJC 23.85; price is at 23.34 creating market negativity. The market bulls need JJC above 23.85 tomorrow morning or they will be in trouble. Watch copper in overnight trading.

For the SPX starting at 1852, the bulls need to push above 1868 to regain their mojo. The bears need to push under 1835 to accelerate the downside. A move through 1836-1867 is sideways action. The bears keep slapping the bulls around each day despite the algo remaining on the long side. The stock market action is very strange. Watch copper.

2/12/16; 10:00 AM EST =
2/9/16; 9:36 AM EST = -23; signal line is -32
2/7/16; 7:00 PM EST = -7; signal line is -32

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