Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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Monday, November 28, 2011
Keybot the Quant Turns Bullish
Keystone's algorithm, Keybot the Quant, flipped back to the bull side at 9:52 AM EST at SPX 1194. This closes out the short trade from SPX 1247 on 11/15/11 for a 4% gain. Utes, retail and lower volatility are supporting the bullish move. Stay on guard for a whipsaw today or tomorrow, for now, the bulls are enjoying the upside.
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