The quant is idling along the last couple days not printing any numbers except for the pre-scheduled number this morning. The bulls are in charge but the algo number is only 8 points above the signal line.
Bears need a weaker NYA index and higher volatility to take stocks lower. The VIX has a 13-handle so the bulls are winning in today's ongoing tape.
Bulls need stronger copper and commodities to take equities higher. Bulls need CPER above 16.39 and/or GTX above 2424.05, respectively, to create euphoric upside in stocks. Prices are teasing these levels right now so the bulls must put-up, or shut-up. Watch copper very closely going forward.
Bulls need stronger copper and commodities to take equities higher. Bulls need CPER above 16.39 and/or GTX above 2424.05, respectively, to create euphoric upside in stocks. Prices are teasing these levels right now so the bulls must put-up, or shut-up. Watch copper very closely going forward.
10/20/19;
7:00 PM EST =
10/17/19;
9:00 AM EST = +58; signal line is +50
10/15/19;
11:55 AM EST = +58; signal line is +48
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