Keybot the Quant remains long as the wild market action continues. The algo did not print any numbers today. Copper and utilities remain positive creating more mystery. Watch JJC 23.87 now at 24.02 creating lift in the stock market. Equities will collapse if JJC loses t he 23.87 level so watch copper trading overnight. If JJC remains above 23.87, the bulls can continue to build a base for the stock market and try and stop the bleeding. The ongoing market action is extremely odd. The SPX has moved inside a 90-handle range over the last two days!
For the SPX starting at 1853 on Tuesday, the bulls need to push above 1874 to accelerate the upside while the bears need to push under 1828 to accelerate the downside. A move through 1829-1873 is sideways action for Tuesday. Markets will probably go as copper goes.
2/12/16;
10:00 AM EST =
2/7/16; 7:00 PM EST =
-7; signal line is -32
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