Keybot the Quant remains short as the odd market action continues. Stocks selloff this week but the algorithm remained quiet. Then today, Keybot starts printing numbers like a madman 8 numbers today including the 2 pre-scheduled numbers. Note there is only 1 point difference between the algo number and signal line so the stock market is a coin flip.
The market bulls are jogging copper back and forth across its bull-bear line in the sand at JJC 36.17 trying to get the algo to flip long. Keybot the Quant has oddly remained short for all of January as the stock market rallied. This is extremely rare behavior. Stocks retreat off the highs this week but remain elevated on the year.
As stocks sell off, copper does not remain negative which means the bulls may win the battle. Bears must push JJC under 36.17 to prove they can take the stock market lower. JJC is at 36.32 so the bears need another 17 pennies. If copper remains bullish the bulls are going to likely rally the stock market. Watch JJC 36.17 closely. The strange market action continues.
2/4/18;
7:00 PM EST =
2/2/18; 11:44 AM EST = +54;
signal line is +55
2/2/18; 11:24 AM EST = +38;
signal line is +55
2/2/18; 11:13 AM EST = +54;
signal line is +56
2/2/18; 10:40 AM EST = +38;
signal line is +56
2/2/18; 10:25 AM EST = +54;
signal line is +57
2/2/18; 10:13 AM EST = +38;
signal line is +57
2/2/18; 10:00 AM EST = +54;
signal line is +58
2/2/18; 9:00 AM EST = +54; signal line is +58
1/31/18; 7:00 PM EST EOM
= +54; signal line is +59
1/30/18;
10:00 AM EST = +54; signal line is +60
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