Sunday, March 26, 2017


Keybot the Quant remains bearish heading into the new week of trading. Copper and volatility remain the key drivers of broad stock market direction currently. If JJC moves above 30.45 (now at 30.24) and/or VIX below 11.92 (now at 12.96), a firm bottom will be placed in the stock market and prices will recover. If both turn bullish the relief recovery will be stronger. Overall, the bears remain in full control with the algo number 52 points below the signal line.

For the SPX starting at 2344, the bulls need to push above 2356 to accelerate the way higher. The bears need to push below 2336 to accelerate prices lower. A move through 2337-2355 is sideways action for stocks to begin the week.

Keybot prints two pre-scheduled numbers this week one on Tuesday morning and one on Friday morning. The EOM and EOQ1 occurs on Friday at 4 PM EST. The final monthly and quarterly number is registered by the Sunday, 4/2/17, pre-scheduled number. Bears are cheering for lower copper and higher volatility while bulls cheer for higher copper and lower volatility; both can be monitored in the overnight futures into Monday's opening bell.

4/2/17; 7:00 PM EST EOM EOQ1 =
3/31/17; 10:00 AM EST =
3/28/17; 10:00 AM EST =
3/26/17; 7:00 PM EST = +24; signal line is +76
3/21/17; 11:10 AM EST = +24; signal line is +78

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