Friday, February 27, 2015

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long the market. The bulls receive upside strength from stronger copper. The algo is tracking JJC 31.98 and the weakness after the bell occurs with copper dropping under this key level. Use this as the main rudder for market direction to end the week. Stocks move higher with JJC above 31.98 and equities move lower with JJC under 31.98.  JJC is currently printing........ wait for it......... 31.98. So this pivot tells you which direction stocks go today.

Note that utilities drift lower. The UTIL 596 level is key for all of next week so watch to see where price closes today. If UTIL is under 596, stocks will be weaker come Monday Morning. If UTIL finishes above 596, the market bulls will have a big party next week. Keybot prints one number yesterday and today prints two numbers thus far with one hour of trading completed. The bulls remain in control with the algo number 11 points above the signal line. As copper goes, so goes the markets.

3/1/15; 7:00 PM EST EOM =
2/27/15; 10:00 AM EST = +68; signal line is +57
2/27/15; 9:48 AM EST = +68; signal line is +56
2/26/15; 9:36 AM EST = +84; signal line is +54
2/24/15; 10:00 AM EST = +68; signal line is +52

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