Keystone's proprietary algorithm, Keybot the Quant, flipped long at the opening bell at SPX 1349. The financials and retail sectors caused the intial bounce, along with lower volatility, then the semiconductors provided further fuel. Stay alert for a whipsaw today or tomorrow. More information is found at Keybot's site;
http://www.keybotthequant.blogspot.com
Has anyone noticed how KS likes to pad the performance results of his Keybot Quant?
ReplyDeleteFor example, today he says that he got long at 1349, but that was the opening price of the S&P without all the stocks open. The ES futures opened at 1352.75, which implies a S&P cash price of 1358!! That is a lot higher long entry price than the hypothetical "1349" Keybot entry price!
Addressed in the midday market action notes.
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