Sunday, April 24, 2016

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long as the algorithm is pegged to the ceiling at +94 (+100 is the maximum). It is rare for the algo to print this high, a multi-year event, so there may be something important and special occurring in the stock market. For now, Keybot remains comfortably long with all its parameters in the bull camp creating market upside. Bears need weaker semiconductors,  copper and commodities to push stocks lower.

For the SPX starting at 2092, the bulls only need a couple points, to push above 2094, and bingo, price will accelerate above 2100 quickly. The bears need to push below 2081 to accelerate the downside. A move through 2082-2093 is sideways action. Keybot prints two pre-scheduled numbers this week one on Tuesday morning and the other on Friday morning. Friday is EOM; there is only five trading days remaining in April. The bulls remain in control.

5/1/16; 7:00 PM EST EOM =
4/29/16; 10:00 AM EST =
4/26/16; 10:00 AM EST =
4/24/16; 7:00 PM EST = +94; signal line is +63
4/19/16; 9:00 AM EST = +94; signal line is +62

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