Tuesday, April 19, 2016


Keybot the Quant remains long moving into the Tuesday trade. The pre-scheduled number prints this week bumping the signal line number up a couple points. Bulls remain in firm control with the algo number 32 points above the signal line. The +94 is an uber overbot level for the stock market but the band plays on and the bullish party continues.

Bears got nothing unless either JJC drops under 24.90 and/or GTX under 2146. For the SPX starting at 2094, any smidge of positivity will accelerate stocks higher and S&P futures are +8 so bulls will pop stocks at the opening bell. The bears would need the SPX to drop under 2074 today to regain their mojo and accelerate the stock market lower.

4/24/16; 7:00 PM EST =
4/19/16; 9:00 AM EST = +94; signal line is +62
4/18/16; 9:54 AM EST = +94; signal line is +60

No comments:

Post a Comment

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