Tuesday, February 2, 2016


Keybot the Quant remains long. The model is idling along all week long without printing any numbers thus far. Interestingly, stocks sell off but utilities are buoyant. Bears will receive more negative juice if utes drop. UTIL will need to fall through 594.41 to help the bears but is far higher. The market bulls need either JJC above 23.83 and/or VIX under 19.17 to prove that a sustainable rally is in place. Watch copper closely overnight into tomorrow for a sign on market direction.

For the SPX on Wednesday starting at 1903, the bulls need to push above 1935 to regain their mojo, a formidable task, so instead the bulls will focus on pushing utes and copper higher and volatility lower. The bears need to push the SPX under 1897, only 5 or 6 points lower, and boom, the SPX will quickly fall several more handles towards 1890. A move through 1898-1934 is sideways action.

2/5/16; 9:00 AM EST =
1/31/16; 7:00 PM EST EOM = -23; signal line is -36
1/29/16; 10:00 AM EST = -23; signal line is -37

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