Friday, August 12, 2016


Keybot the Quant remains long as the market theatrics and drama continues. Copper popped yesterday so you knew the bulls were in charge. JJC is at 25.05 above the critical 24.89 line in the sand identified by Keybot so the bulls move stocks higher. Bears need JJC under 24.89 and if this occurs, and the SPX drops under 2178, Keybot will likely flip short. The bulls need to push GTX, commodities, above 2263 to signal more upside and the SPX heading above 2200. So it is a battle between copper and the broader commodity complex. Copper is dropping overnight.

For the SPX beginning Friday at 2186, the bulls need to push above 2188, only 2 points higher, and price will accelerate into the mid 2190's. The bears need to push under 2178 to accelerate the downside. A move through 2179-2187 is sideways action. The bulls keep slapping the bears around like a kitten batting around a ball of string, however, the bears can take the throne with JJC under 24.89 and SPX under 2178. Keybot prints a pre-scheduled number one-half hour after the opening bell.

8/14/16; 7:00 PM EST =
8/12/16; 10:00 AM EST =
8/11/16; 9:48 AM EST = +79; signal line is +77
8/10/16; 12:37 PM EST = +63; signal line is +76 but algorithm remains long

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.