Keystone's proprietary trading robot, Keybot the Quant, flips to the long side this morning at SPX 4332 as the bulls pump utilities. Bulls need stronger banks and SPX above 4391-4393 to prove that the rally has legs. If the SPX fails at the test of the 4391-4393 resistance and is spanked down, the outcome for the stock market is likely catastrophic going forward. Bears need weaker utes and copper.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.