Keystone's algorithm, Keybot the Quant, flipped long at SPX 1446 after the opening bell. UTIL popped above 478.43. Semi's are the only remaining major sector that is in the bear camp. Do not take the bullish move for granted. Remain extremely cautious and stay alert for a whipsaw over the next day or so. Keep watching UTIL 478.43 this week. More information can be found at Keybot's site;
http://www.keybotthequant.blogspot.com
For what basis would keybot turn bullish?
ReplyDeleteKeybot turned bullish today. If you mean bearish, the bears need to push UTIL under 478.43 again. Watch UTIL 478.43 and SOX 386. SOX 386 will send markets higher and substantiate the upside. Otherwise, UTIL over 478.43 and SOX under 386 will float makrets sideways with an upward bias.
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