The choppy market action continues with Keystone's trading algorithm, Keybot the Quant, flipping long at the opening bell at SPX 2103 since semiconductors, retail stocks and utilities leap into the bull camp. The rally continues unless the bears can push one of the following parameters under the levels listed; SOX 699.90, RTH 76.33 or UTIL 582. Note that the bulls moved UTIL above the critical 50-week MA at 582 a big win for the upside. More information is found at Keybot's site;
Keybot the Quant
Note Added 10:45 AM: Stocks remain in party mode. The SOX is at 703.93, RTH 76.91 and UTIL 585.98. The bulls are in control and popping champagne corks to get an early start on the weekend.
Note Added Sunday, 5/10/15: The bears managed to push UTIL under 582 Friday afternoon creating a lull in the market upside but the bulls pushed UTIL back above 582 creating happiness into the weekend. Watch UTIL 582 like a hawk during the new week of trading. UTIL begins the new week of trading at 584 only two points in the bull camp.
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