Thursday, March 16, 2017


Keybot the Quant remains short heading into the Friday session. The bears need JJC under 30.40 (now at 30.69) and/or VIX above 12.48 (now at 11.21) to send the stock market lower. The bulls need to push GTX above 2345 (now at 2259) to send stocks higher. If the status quo remains, stocks will move sideways with a slight upward bias. One of these three parameters are going to flinch going forward. Copper may be sneaky at that JJC 30.40 level. If price oscillates above and below this key level that is hinting that Keybot may be setting up to flip long. The bears need JJC to fall through 30.40 and to keep on dropping like a rock.

For the SPX starting at 2381, the bulls need to push above 2388 to accelerate the upside. The bears need to push below 2377 to accelerate the downside. A move through 2378-2387 is sideways action. Keybot printed a pre-scheduled number this morning and prints another on Friday morning one-half hour after the opening bell.

3/19/17; 7:00 PM EST =
3/17/17; 10:00 AM EST =
3/16/17; 9:00 AM EST = +86; signal line is +87
3/15/17; 11:31 AM EST = +86; signal line is +87

No comments:

Post a Comment

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