Monday, June 13, 2016

Keybot the Quant Turns Bearish

Keystone's proprietary trading algorithm, Keybot the Quant, flips to the bear side today at about 3 in the afternoon at SPX 2084. Weakness in the financials and higher volatility created the push lower in stocks. Market bears need RTH under 76.14 (now at 76.18) and another leg lower will occur for the stock market. Market bulls need XLF above 23.12 (now at 23.00) to stop the market selling and create stability and begin a relief rally. Watch the banks and retail stocks; one of them will flinch and provide the market direction answer ahead. As always, more information is found at Keybot's site;

Keybot the Quant

No comments:

Post a Comment

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