Thursday, May 2, 2019

Keybot the Quant Turns Bearish

The Keybot the Quant algorithm flips back to the bear side at SPX 2924 as yesterday's trading session ended. Copper failed bigtime, -4%, and humorously, not one business network was reporting on it. As long as copper remains weak, the topside is capped for the stock market and equities may enter a choppy malaise. Bears need weaker commodities and higher volatility to prove that they have the beans to take stocks lower. Bulls need to boost copper if they want to continue the upside trend in the stock market. More information is found at Keybot's site;

Keybot the Quant

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.