Sunday, February 14, 2016


Keybot the Quant is long moving into the new week of trading on Tuesday morning. US markets are closed on Monday, 2/15/16, due to the Presidents Day holiday. The extremely odd market behavior persists. The bulls need higher copper, to push JJC above 23.83 (now at 23.27), to prove they got the beans to take the stock market higher with a recovery rally. The bears simply need to maintain weakness in copper which will continue a dark cloud over markets. Bears need lower utilities which will create further weakness in stocks.

For the SPX starting at 1865 on Tuesday, having closed at the high on Friday, the bulls only need a smidge of positivity in the S&P futures and the SPX will run several handles higher after the opening bell. The bears need to push under 1833 to accelerate the downside. A move through 1834-1864 is sideways action for Tuesday. Keybot prints one pre-scheduled number during the holiday-shortened week on Wednesday morning.

2/21/16; 7:00 PM EST =
2/17/16; 9:00 AM EST =
2/14/16; 7:00 PM EST = -24; signal line is -31
2/12/16; 10:00 AM EST = -24; signal line is -32

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