Tuesday, April 26, 2016


Keybot the Quant remains long as the bulls maintain their advantage in the stock market. The algo idles along without printing any numbers on Monday. Bears need weaker chips and copper to confirm any move lower. Watch SOX 659 and JJC 25.25 as two bull-bear lines in the sand. If the stock market sells off but these two parameters remain bullish, the bears got nothing.

For the SPX starting at 2088, the bulls only need one point of upside to create a several-handle acceleration and S&P futures are +3. The bears need to push below 2078 to accelerate the downside. The bulls remain in control. There is weak news concerning chips out of Korea and Europe overnight so SOX may be interesting today. Keybot prints a pre-scheduled number this morning shortly after the opening bell.

4/29/16; 10:00 AM EST =
4/26/16; 10:00 AM EST =
4/24/16; 7:00 PM EST = +94; signal line is +63

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