Wednesday, December 28, 2016

Keybot the Quant Turns Bearish

Keystone's algo, Keybot the Quant, flips bearish today at SPX 2265. The utilities failed this morning and the SPX has been soggy ever since. Pay attention to UTIL 660.10. Also, the current fight is in retail stocks at RTH 76.60. The downside in stocks will accelerate if the RTH loses 76.60. Bulls will steady the ship if RTH recovers and moves higher. Bulls need UTIL above 660 to regain their mojo. Stay alert for a potential whipsaw back to the long side but for now, the bears are in charge. More information is found at Keybot's site;

Keybot the Quant

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