Keybot the Quant remains long as copper remains elevated. Market bears got nothing unless they push JJC under 24.90 (now at 25.00) so watch to see if copper is trading lower, or not. Bears will receive further downside fuel with GTX under 2146 (now at 2197). The +94 algo number is pegged to the ceiling (the maximum is +100). The coming days and weeks should prove very interesting. Bulls simply need to keep JJC above 24.90 and stocks will keep floating higher.
For Friday for the SPX starting at 2083, the bulls need to touch the 2088 handle and the upside will accelerate above 2090 in a flash. The bears need to push under 2078 to accelerate the downside. A move through 2079-2087 is sideways action to end the week. Watch the US dollar since if it starts to ramp higher it will knock copper and commodities lower. Keybot prints a pre-scheduled number shortly after the opening bell tomorrow. All you have to do is watch JJC 24.90; that is when stocks would start to retreat.
4/17/16;
7:00 PM EST =
4/15/16;
10:00 AM EST =
4/13/16; 9:36 AM EST
= +94; signal line is +61
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.