Friday, April 24, 2015

STOCK MARKET BULLISH -- LONG -- CAUTION

Keybot the Quant remains long. The algo prints three numbers out of the gate this morning. Semiconductors and commodities weaken while copper strengthens. Financials are soft. Keybot is tracking four parameters as the most influential concerning market direction; SOX 700, GTX 3212, JJC 32.59 and XLF 24.17. Market bears need to push XLF under 24.17 and/or JJC under 32.59 to develop downside energy. Bulls need to push SOX above 700 and/or GTX above 3212 to gain upside juice. If all four parameters remains status quo, stocks will slide sideways into the weekend with a slight upward bias.

The algo number is only one point away from the signal line highlighting the ongoing bull-bear struggle. Further, the algo hit +84 after the opening bell which is essentially an overbot condition since the algorithm, at its heart, is an oscillator. Flip a coin; stocks can go either way. If one of the parameters listed above turn bearish, and the SPX drops under 2103, Keybot will likely flip short. If one of the two parameters above turn bearish consider the imminent turn status to be in play.

GTX pushes above 3212 as this is typed supplying bull juice so focus on this parameter as the most important for now. Bulls win with GTX above 3212 and bears win with GTX under 3212. Before the editing is finished on this message, GTX is back under 3212 to 3210. Keep an eye on it.

4/26/15; 7:00 PM EST =
4/24/15; 10:07 AM EST = +54; signal line is +53
4/24/15; 9:43 AM EST = +68; signal line is +53
4/24/15; 9:36 AM EST = +84; signal line is +53
4/23/15; 10:42 AM EST = +68; signal line is +52

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