Thursday, February 9, 2017

Keybot the Quant Turns Bullish

Keystone's algo, Keybot the Quant is back on the long side as the sideways chop continues this year. Watch UTIL 666 and 662 (price is at 664). The stock market upside stalls if UTIL remains under 666. If UTIL falls under 662, stocks will retreat. If UTIL moves back above 666, stocks will continue floating higher and printing more new record highs. Markets remain erratic and unstable with very odd price action. More information is found at Keybot's site;

Keybot the Quant

Note Added 2:40 PM EST: The machines are driving the utilities up to create more record highs in stocks. UTIL is up in a straight line from exactly 2 PM when the programs began. UTIL was at 662.8 and now at 664.8 gaining 2 points in exactly 40 minutes. The bulls are ratcheting up utilities at a pace of one-half point every 10 minutes. Very interesting. The SPX prints a new all-time record high at 2311.08.

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