Tuesday, February 16, 2016


Keybot the Quant remains long as the odd market action continues. The algo did not print any numbers today to begin the holiday-shortened week of trading. The bulls need higher copper and semiconductors and lower volatility to prove they have the beans to take the stock market higher. Watch JJC 23.76, SOX 608 and VIX 19.46. If JJC remains under 23.76, SOX under 608 and VIX above 19.46 the market bears rule.

JJC begins the Wednesday session at 23.61 only pennies below the critical 23.76 bull-bear line in the sand so a lot is riding on copper overnight into tomorrow's opening bell. If copper is positive and moving higher, that hints that the market bulls will likely continue to send the stock market higher. If copper is negative and dropping, the stock market will likely weaken and retrace lower.

For the SPX starting at 1896 on Wednesday, the bulls need any smidge of green in the S&P futures and bingo, the SPX will run several handles higher at the opening bell. The bears need to push under 1871 to accelerate the downside. A move through 1872-1895 is sideways action. Copper is key. Also keep an eye on semiconductors and volatility.

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

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