Keybot the Quant Turns Bearish

Keystone's proprietary trading algorithm, Keybot the Quant, flips to the short side at SPX 2045 this afternoon. The big 43-handle drop intraday in the SPX occurs after the ECB fails to increases the monthly purchase program. More drama is on tap tomorrow morning with the Monthly Jobs Report. So flip a coin; a whipsaw may occur. Bears will celebrate if the VIX moves above 18.46 and/or the XLF under 24.10. The bulls will celebrate if the SPX moves above 2052.45 only about 3 points higher. One or more of these parameters will flinch tomorrow morning and tell you the broad market direction ahead. More information is found at Keybot's site;

Keybot the Quant