Saturday, October 3, 2020

Keybot the Quant Turns Bearish but Wants to Whipsaw as Stock Market Pandemonium Continues

The Keystone Speculator's proprietary trading robot, Keybot the Quant, flips to the bear camp at SPX 3331 after the opening bell on Friday morning. President Trump's illness has markets in a tizzy. Talk of a stimulus deal created lift in stocks during the session but a dark cloud remains, especially with the president carted off to the hospital. Volatility, copper, banks and utilities are controlling stock market direction currently. The quant wants to whipsaw back to the long side right now; the model needs SPX above 3369 to make that happen. The S&P 500 begins trading at 3348 on Monday morning. As always, more information is found at Keybot's site;

Keybot the Quant

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