Keystone's proprietary trading algorithm, Keybot the Quant, flips long at SPX 2054 shortly after Friday's opening bell. The chips, SOX, catapulted above its key 649 level which sent stocks wildly higher. The algorithm is tracking three key parameters currently controlling stock market direction; retail stocks, chips and financials. Market bulls need stronger retail stocks to prove they got the beans to take stocks higher. Market bears need weaker semiconductors and banks to mount a charge lower for equities. As always, remain alert for a potential whipsaw move back to the short side early next week. More information is found at Keybot's site;
Keybot the Quant
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