Monday, April 1, 2024

Keybot the Quant Turns Bearish

Keybot the Quant whipsaws back to the short side at SPX 5254 this Monday, Monday, morning. Volatility and utilities sh*t the bed reversing the joy they created on Thursday before the weekend parties. However, the robot is already champing at the bit to whipsaw back to the long side.

Bulls would win and likely flip the algo back to the long side at SPX 5264. Bulls need UTIL above 879 and VIX below 13.21 to signal the all-clear for lots of upside in stocks, otherwise they got buptkis.

Bears need weaker utilities and UTIL to drop below 873 heading lower which will confirm the downside for stocks ahead. Of course, bears must keep VIX above 13.21 or they will fold like a cheap suit and the bulls will take over control.

Keybot the Quant

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