Thursday, December 24, 2015

Keybot the Quant Turns Bullish but Whipsaw Action Continues

Keystone's algo, Keybot the Quant, flips back to the long side at SPX 2031. The site has not been updated since early Tuesday. Low volatility and higher financials are pumping markets higher. Currently, utilities are key with price fighting at the important UTIL 581.70 bull-bear line in the sand. In this immediate time frame, as utilities go, so go the markets. Bears need SPX under 2053 and XLF under 23.86 to prove they have the strength to crater stocks. Bulls need UTIL above 581.70 to take the stock market higher. Pay attention to the current pivot from UTIL 581.70 since it will tell you broad market direction. More information is found at Keybot's site;

Keybot the Quant

Note Added 1:27 PM EST:  Markets are closed until Monday. UTIL ends at 581.02 in the bear camp by 68 cents. The fight for UTIL 581.70 will resume on Monday morning. As utes go, so go the markets.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.