Keybot the Quant remains long as the Friday session is underway. The bears are applying pressure but copper is holding up. Watch JJC 23.89. Price is at 24.11. Market weakness would be confirmed if JJC drops under 23.89, if it stays above, the door is open for the stock market to rise.
The algorithm is quiet this week printing a number on Wednesday and the pre-scheduled number before this morning's opening bell. Stocks remain very choppy and erratic as volatility remains elevated but the broad stock market will likely go as copper goes.
2/7/16;
7:00 PM EST =
2/5/16; 9:00 AM EST =
-7; signal line is -33
2/3/16; 9:36 AM EST =
-7; signal line is -35
1/31/16;
7:00 PM EST EOM = -23; signal line is -36
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