Thursday, February 23, 2017


Keybot the Quant is long going into the Friday session after another day of not printing any numbers. The quant has not printed any numbers at all this week. Note how copper dropped like a stone testing the level called out by the algo at JJC 30.33 (now at 30.48). Copper is the most important parameter impacting broad stock market direction currently. Market bears need JJC under 30.33 which will cap the top in stocks. Bulls need to push JJC higher to keep the stock market party going.

Bears will also benefit from VIX moving above 13.07 (now at 11.71) and/or GTX dropping under 2366 (now at 2395). If 1 of the 3 parameters, JJC, VIX or GTX, turns bearish, the caution flag will be out. If 2 of the 3 flip bearish, and the SPX drops under 2355, Keybot will  likely flip short.

For the SPX starting Friday at 2364, the bulls need 4 points higher, to push above 2368, and bingo, price will be in the 2370's so fast your head will spin. The bears need to push under 2355 to regain their mojo. A move through 2356-2367 is sideways action to finish the week. The bulls remain in control. Keybot prints a pre-scheduled number Friday morning. Watch JJC 30.33 like a hawk since it will tell you what you need to know about stock market direction to end the week.

2/26/17; 7:00 PM EST =
2/24/17; 10:00 AM EST =
2/19/17; 7:00 PM EST = +100 signal line is +79

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