Keystone's trading algorithm, Keybot the Quant, is back on the short side. The choppy and erratic sideways market behavior continues. The algo identifies the following parameters and levels as key bull-bear lines in the sand; NYA 10812, VIX 16.02 (remember; the VIX moves inversely to the stock market), SOX 673.90 and XLF 24.05. The stock market will not recover unless at least one of these return to the bull camp. More information is found at Keybot site;
Keybot the Quant
Note Added 12:36 PM: SPX recovers to 2034. NYA 10784. VIX 17.42. SOX 670.18. XLF 23.67. The NYA is teasing towards 10812 and the SOX towards 673.90 but for now all four parameters remain bearish.
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