Thursday, April 21, 2016

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long. The beat goes on. The algo is idling along without printing any numbers over the last couple days. Market bears need either SOX under 657 and/or JJC under 25.05. The bulls keep cruising along without a care in the world. It is interesting since Keybot is printing uber multi-year highs at +94.

For the SPX starting at 2091 on Friday, the bulls need to push above 2104 to launch price to 2011 in a heartbeat. The bears need to push under 2089 to accelerate the downside. A move through 2090-2103 is sideways action. Watch chips and copper.

4/24/16; 7:00 PM EST =
4/19/16; 9:00 AM EST = +94; signal line is +62

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