Friday, May 16, 2014

Keybot the Quant Turns Bearish

Keystone's proprietary trading algorithm, Keybot the Quant, flips to the short side at SPX 1880 yesterday. The break down in financials clearly foretold the negative action. Semiconductors create market weakness so pay attention to SOX 569.90 at the opening bell. Bulls will stop the market bleeding if they keep SOX above (now only pennies above) 569.90 but bears will create another leg lower for the broad indexes if SOX 569.90 fails. More information is found at Keybot's site;

Keybot the Quant

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