Monday, October 8, 2018


Keybot the Quant is bearish as the new week of trading is underway. The algo is active off the get-go printing five numbers so far on Monday. The fight for stock market direction is between copper and banks. Market bears need weaker banks and for XLF to drop below 27.98. Bulls need stronger copper and for JJTF to move above 30.41.

The XLF spikes to 28.23 as this message is typed so you see the boost in the stock market. JJCTF is battling at the 30.41-30.42 bull-bear level. So bulls win if they can push copper higher while bears win if they push the banks lower. If JJCTF remains bearish (under 30.41) and XLF bullish (above 27.98), the stock market will likely move choppy sideways.

Keybot prints a pre-scheduled number this week on Friday morning. Bulls are trying to pull copper into their camp so they can begin a relief rally. The bears are in control of the stock market with the algo number 23 points below the signal line.

10/14/18; 7:00 PM EST =
10/12/18; 10:00 AM EST =
10/8/18; 12:16 PM EST = +38; signal line is +61
10/8/18; 11:50 AM EST = +22; signal line is +62
10/8/18; 11:00 AM EST = +38; signal line is +62
10/8/18; 10:39 AM EST = +54; signal line is +63
10/8/18; 9:36 AM EST = +38; signal line is +63
10/7/18; 7:00 PM EST = +54; signal line is +65
10/5/18; 9:00 AM EST = +54; signal line is +66

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