Wednesday, October 7, 2015

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

Keybot the Quant remains long after another active day for the algo. Copper and retail stocks are controlling market direction currently. Watch JJC 27.95 and RTH 75.57; both are below the levels shown creating negativity in the stock market. Bulls need one or both to turn bullish to prove that the upside has legs.

If the SOX falls under 618.40 and the SPX under 1976, Keybot will likely flip short. For the SPX starting at 1996, the bulls need to move above 1999 and the upside will accelerate. The bears need to move under 1976 to accelerate the downside. A move through 1977-1998 is sideways action for Thursday.

10/11/15; 7:00 PM EST =
10/7/15; 10:40 AM EST = -27; signal line is -34
10/7/15; 10:22 AM EST = -11; signal line is -36
10/7/15; 10:12 AM EST = +5; signal line is -37
10/7/15; 10:02 AM EST = -11; signal line is -39
10/7/15; 9:52 AM EST = +5; signal line is -40
10/7/15; 9:36 AM EST = -11; signal line is -42
10/6/15; 2:11 PM EST = -27; signal line is -43

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