Tuesday, April 26, 2016


Keybot the Quant remains long. The algo prints the pre-scheduled number but no additional numbers. The algo number is 29 points above the signal line showing that the bulls remain on easy street. Bears need either SOX under 659 or JJC under 25.23 to create market weakness and Keybot would likely set up to go short if both parameters fail. AAPL laid an egg with earnings after the closing bell this evening which will hurt chip stocks tomorrow and send SOX lower but time will tell how low.

For the SPX starting at 2092, the bulls need to touch the 2097 handle and bingo, price will run to 2102-2103 in a heartbeat. The bears need to push under 2086 to accelerate the downside that will seek the 2070's. A move through 2087-2091 is sideways action for hump day and a tight range so price is going to pick a direction. The Fed rate decision is Wednesday afternoon so price is going to commit one way or the other from 2 PM EST forward.

4/29/16; 10:00 AM EST =
4/26/16; 10:00 AM EST = +93; signal line is +64
4/24/16; 7:00 PM EST = +94; signal line is +63

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