Wednesday, August 27, 2014

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long as the Wednesday trading is underway and copper fails with JJC under 38.81 and in the bear camp creating a ceiling in equities and ushering in the market weakness. VIX is 11.90 so the bears have to send this above 12.50 to show they mean business. If VIX moves above 12.50 it is likely that Keybot will flip short. Watch JJC 38.81 since it is steering the market direction ship so far. The SPX teased the break under 1998-1999 but recovers. If this level fails, 1991 should be on tap in quick order. Bulls need JJC above 38.81 and the market upside will begin again.

8/29/14; 10:00 AM EST =
8/27/14; 9:39 AM EST = +54; signal line is +45
8/26/14; 10:00 AM EST = +70; signal line is +42

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