Keybot the Quant remains long. The algo is active on Friday printing four numbers. The bulls remain in control and the model remains in nosebleed territory at overbot levels at +94 (+100 is the maximum possible reading). Copper remains key to broad stock market direction. Watch JJC 24.80; now at 24.86 in the bull camp creating uplift in stocks.
Bears will benefit from JJC under 24.80, GTX under 2268 and/or UTIL under 665.34.
For the SPX starting the week at 2184, the bulls need to push above 2185 and bingo, 2190+ will occur quickly. The bears need to push below 2175 to accelerate the downside. A move through 2176-2184 is sideways action to begin the week. Keybot prints one pre-scheduled number this week on Friday.
8/28/16;
7:00 PM EST =
8/26/16;
10:00 AM EST =
8/21/16; 7:00 PM EST
= +94; signal line is +77
8/19/16; 1:31 PM EST
= +94; signal line is +77
8/19/16; 1:02 PM EST
= +78; signal line is +76
8/19/16; 11:09 AM EST
= +94; signal line is +77
8/19/16; 9:36 AM EST
= +78; signal line is +76
8/18/16;
11:19 AM EST = +94; signal line is +76
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