Tuesday, June 21, 2016


Keybot the Quant remains long. Retail stocks and copper turn bullish today as measured by the algorithm. The bulls are in charge with the algo number 6 points above the signal line. The market bulls need strong financials, XLF above 22.93, or lower volatility, VIX under 16.20, to guarantee a sustainable rally.

The bears need either weaker retail stocks, RTH under 76.04, and/or weaker copper, JJC under 24.11 to creates a solid path lower for stocks. If RTH or JJC turns bearish, consider an imminent turn to be in play, and if the SPX then drops under 2083, it is very likely that Keybot will flip back to the short side.

For the SPX starting at 2089, the bulls need to touch the 2094 handle to accelerate the upside while the bears need to push under 2083 to accelerate the downside. A move through 2084-2093 is sideways action.

6/26/16; 7:00 PM EST =
6/24/16; 10:00 AM EST =
6/21/16; 11:52 AM EST = +66; signal line is +60
6/21/16; 9:42 AM EST = +50; signal line is +60 but algorithm remains long
6/20/16; 3:56 PM EST = +34; signal line is +60 but algorithm remains long

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