Monday, June 19, 2017

STOCK MARKET BULLISH -- LONG -- CAUTION -- TURN MAY BE IMMINENT

Keybot the Quant remains long. The euphoric bull party continues. Keybot has been champing at the bit to go short but the parameters will not latch to allow the move, hence, the robot remains long and stocks float higher.

Retail stocks and copper are controlling stock market direction currently. Watch JJC 29.43 and RTH 81.51 as the bull-bear lines in the sand. Both are playing cat and mouse games today oscillating above and below their key levels. JJC price sits exactly on the 29.43 level that the algo calls out. Isn't that something? Obviously, as copper goes, so goes the stock market.

The RTH slips below 81.51 but it is a game of pennies. Bulls win big with RTH above 81.51 and JJC above 29.43. Bears win big with RTH below 81.51 (which it is as this is typed on Monday afternoon 2 PM EST 6/19/17) and JJC under 29.43 (this battle is in progress).

If you want markets to sell off, you need to see copper moving lower. If you are bullish, you want copper and retail stocks to move higher. The imminent turn notation remains in the title line because JJC slipping under 29.43 would place the algo in position to go short again.

6/25/17; 7:00 PM EST =
6/19/17; 1:19 PM EST = +70; signal line is +67
6/19/17; 12:58 PM EST = +86; signal line is +67
6/19/17; 10:58 PM EST = +70; signal line is +66
6/19/17; 10:36 PM EST = +54; signal line is +66 but algorithm remains long
6/19/17; 10:07 PM EST = +70; signal line is +66
6/18/17; 7:00 PM EST = +54; signal line is +66 but algorithm remains long
6/16/17; 10:00 AM EST =+54; signal line is +67 but algorithm remains long
6/16/17; 9:00 AM EST = +54; signal line is +68 but algorithm remains long
6/15/17; 3:57 PM EST = +54; signal line is +69 but algorithm remains long
6/15/17; 12:27 PM EST = +70; signal line is +71 but algorithm remains long
6/15/17; 10:37 AM EST = +54; signal line is +71 but algorithm remains long
6/14/17; 9:36 AM EST = +70; signal line is +72 but algorithm remains long

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