Thursday, September 15, 2016


Keybot the Quant remains short moving into the Thursday session. The algo prints four numbers in yesterday's trade. Note that the algo number came within 5 points of the signal line representing a market that may want to float higher.

Copper catapults higher creating lift in stocks. JJC is above the important 24.25 level identified by Keybot. Financials collapse under Keybot's key level at XLF 23.84 into yesterday's closing bell which creates broad stock market negativity. It is amazing how Keybot can call out the important parameters and specific levels before they occur. If you are not impressed, you should be.

XLF 23.84 tells the market story. Stocks will rally if XLF moves higher. The bears will create market negativity if XLF remains under 23.84 heading lower. Bears will also benefit if JJC drops under 24.25. Bulls will be happy with stocks rallying if copper remains strong and if financials rally.

For the SPX starting at 2126, the bulls need to push above 2141 to accelerate the upside while the bears need to push below 2120 to accelerate the downside. A move through 2121-2140 is sideways action for Thursday. Watch the banks.

9/18/16; 7:00 PM EST =
9/16/16; 10:00 AM EST =
9/14/16; 3:28 PM EST = +20; signal line is +39
9/14/16; 10:16 AM EST = +36; signal line is +41
9/14/16; 10:02 AM EST = +20; signal line is +42
9/14/16; 9:38 AM EST = +36; signal line is +43
9/13/16; 1:18 PM EST = +20; signal line is +44

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