Friday, April 15, 2016


Keybot the Quant remains comfortably long as the bears begin growling pushing JJC under 24.90. Bulls need to push JJC above 24.90 to restart the upside rally. Bears need to push GTX under 2146 (now at 2163) to take the stock market another leg lower. If JJC remains under 24.90, and GTX above 2146, stocks will float along sideways to end the week. If copper drops in the afternoon the bias would be down for the broad stock market but if JJC teases higher to 24.90 stocks will have a positive bias into the closing bell. The algo number is 17 points above the signal line.

4/17/16; 7:00 PM EST =
4/15/16; 10:00 AM EST = +78; signal line is +61
4/15/16; 9:36 AM EST = +78; signal line is +61
4/13/16; 9:36 AM EST = +94; signal line is +61

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.