Wednesday, August 20, 2014

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long as the bulls send copper higher slapping the bears in the face. The algo is tracking JJC 38.73 as the bull-bear line in the sand. JJC above 38.73 paves the way to new all-time market highs. Price is fighting along this important level now at 38.72 slipping a hair below. The VIX falls under 12 providing upside market fuel.

Pay attention to JJC 38.73 since copper dictates market direction currently.

8/24/14; 7:00 PM EST =
8/20/14; 1:53 PM EST = +69; signal line is +32
8/20/14; 1:26 PM EST = +53; signal line is +29
8/20/14; 12:17 PM EST = +69; signal line is +27
8/19/14; 9:00 AM EST = +53; signal line is +24

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