Wednesday, June 14, 2017


Keybot the Quant remains long as the daily market drama continues. The algo is champing at the bit to go short yesterday but the parameters would not line up to allow the move. Copper is the main parameter controlling broad stock market direction currently.

Watch JJC 29.48 the bull-bear line in the sand. Price is at 29.50 only two pennies on the bull side creating stock market lift. Bulls must send copper higher while bears need to send copper lower. If JJC drops under 29.48 and the SPX drops under 2431, Keybot will likely flip short, hence the imminent turn notation is back in the title line. Copper is down -0.3% in current trading so that would send JJC under 29.48 at the opening bell.

Volatility also remains important. Bulls can maintain buoyancy in the stock market as long as VIX remains under 11.63 now at 10.25. Stocks will collapse lower if the VIX moves above 11.63.

The big Fed decision and press conference is on tap this afternoon so there may be a wild ride in the market ahead. Watch JJC 29.48 and SPX 2431 since these two parameters will tell the market story today.

6/18/17; 7:00 PM EST =
6/16/17; 10:00 AM EST =
6/16/17; 9:00 AM EST =
6/13/17; 1:26 PM EST = +86; signal line is +72
6/13/17; 11:01 AM EST = +70; signal line is +71 but algorithm remains long
6/13/17; 10:11 AM EST = +86; signal line is +71
6/13/17; 9:36 AM EST = +70; signal line is +70 but algorithm remains long
6/12/17; 3:08 PM EST = +86; signal line is +71
6/12/17; 9:45 AM EST = +72; signal line is +71
6/11/17; 7:00 PM EST = +86; signal line is +72

No comments:

Post a Comment

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