Thursday, August 4, 2016


Keybot the Quant remains long but is champing at the bit to go short. The algo number is 12 points below the signal line so Keybot wants to flip short. However, all the internal parameters are not yet fully latched to permit the move to the short side. If the SPX falls under 2153, Keybot will likely flip short. Watch copper since it creates the market weakness. If JJC stays under 24.92, the market bears will keep applying pressure to the stock market to create a selloff. The bulls need to push JJC above 24.92 and if successful, they can relax again as stocks rally.

Bears win big with SPX under 2153. Bulls win big with JJC above 24.92. One or the other will flinch. The beat goes on.

8/7/16; 7:00 PM EST =
8/5/16; 9:00 AM EST =
8/4/16; 9:36 AM EST = +63; signal line is +75 but algorithm remains long
7/31/16; 7:00 PM EST EOM = +79; signal line is +75

Note Added at 11:48 AM EST: As the message was posted, the JJC sits at..... wait for it......24.92. This is the battle today and dictates broad market direction. As copper goes, so goes the markets.

Note Added at 11:59 AM EST: JJC is at 24.89 the bears are holding the line at 24.92, so far.

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