Wednesday, April 6, 2016


Keybot the Quant remains short as the bulls run today boosted by the NYA Index moving above the critical 10140 bull-bear line in the sand. Thursday will be a fight between copper and the NYA. Market bulls need JJC above 25.09 which will create an upside rally and if SPX moves above 2067 in conjunction with higher copper, Keybot will likely flip long. If you see copper trading higher overnight consider the imminent turn notation to be in play since the bulls will likely be running on Thursday. If copper is negative, that will be bear-friendly.

The market bears need to push NYA under 10140 pronto and that will start the market selling off again. The algo is identifying financials as another top tier parameter determining market direction currently.  Watch XLF 22.16; if this level fails, stocks will probably sell off dramatically in force.

For the SPX on Thursday starting at 2067, the bulls need any smidge of green in the overnight S&P futures and bingo, stocks will rally strongly higher after the opening bell for the regular session. The bears need to push under 2043 to accelerate the downside, a formidable task, so instead the bears will focus on pushing NYA and XLF lower. A move through 2044-2066 is sideways action for Thursday. As the NYA Index moves, the broad stock market will move. Watch NYA 10140 like a hawk.

4/10/16; 7:00 PM EST =
4/6/16; 3:11 PM EST = +64; signal line is +72
4/5/16; 9:36 AM EST = +50; signal line is +73

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