Thursday, January 22, 2015

Keybot the Quant Turns Bullish

Keystone's trading algo, Keybot the Quant, flips to the bull side this afternoon at SPX 2054. The NYA Index exploded above 10805 sending equities on a rocket ride. The bulls will receive additional upside juice if XLF moves above 24.11 and/or the VIX drops under 15.85. More information is found at Keybot's site;

Keybot the Quant

Note Added 3:51 PM: A few minutes in front of the closing bell the SPX is at 2062. NYA is 10851 well above the 10805 line in the sand. XLF is 24.01 under the 24.11 in the bear camp causing market negativity. VIX is 16.58 above the 15.85 line in the sand in the bear camp. Bears need NYA 10805 or they got nothing. XLF and/or VIX need to turn bullish to keep the stock market moving higher. If all three parameters remain status quo, stocks will stagger sideways. One of those three parameters will flinch and tell you the market direction ahead.

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