Tuesday, February 24, 2015

STOCK MARKET BULLISH -- LONG

Keybot the Quant remains long as the bulls are on cruise control. Financials run higher and volatility drops like a stone creating new all-time stock market highs. Copper is adding further strength producing a dramatic turnaround ot the upside. JJC is up to 31.82 and the algo identifies the 31.97 level as a critical bull-bear line in the sand. If JJC moves above 31.97, the SPX will launch above 3120 and higher. So the battle ground is copper, at JJC 31.97, which will tell you if the upside stock market rally has far stronger legs, or, if the bulls are ready to run out of gas.

2/27/15; 10:00 AM EST =
2/24/15; 10:00 AM EST = +68; signal line is +52
2/23/15; 9:36 AM EST = +70; signal line is +51

No comments:

Post a Comment

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