Thursday, April 3, 2014

STOCK MARKET BULLISH -- LONG -- CAUTION --TURN MAY BE IMMINENT

Keybot the Quant remains long and did not print any numbers today. Equities are idling ahead of the Monthly Jobs Report at 8:30 AM EST. The same parameters and levels are in play as stated in the previous post. Bulls need higher copper. Bears need lower commodities and retail and higher volatility.

For the SPX starting at 1889, the bulls need to touch the 1894 handle and bingo, price will be above 1900 in a blink of an eye. The bears need to push under 1883 to accelerate the downside. A move through 1884-1893 is sideways action. Keybot prints a pre-scheduled number before the opening bell tomorrow. If GTX drops under 4879, or if VIX moves above 14.47, any one of the two, and the SPX drops under 1883, Keybot will likely flip short.

4/6/14; 7:00 PM EST =
4/4/14; 9:00 AM EST =
4/2/14; 2:32 PM EST = +63; signal line is +49

No comments:

Post a Comment

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