Thursday, June 2, 2016


Keybot the Quant remains long and is motoring through the holiday-shortened trading week without a peep. Keybot prints a pre-scheduled number tomorrow morning. The bulls are in control. Bulls still need higher copper, JJC above 24.54, to prove that they can print new all-time high in the stock market. The bears need lower commodities and higher volatility to stop the upside rally.

For the SPX for Friday starting at 2105, the bulls need any smidge of green in the S&P futures overnight and stocks will accelerate higher after the opening bell. The bears need to push under 2089 to accelerate the downside. A move through 2090-2104 is sideways action for Friday.

6/5/16; 7:00 PM EST =
6/3/16; 9:00 AM EST =
5/31/16; 7:00 PM EST EOM = +80; signal line is +60

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