Keystone's trading algorithm, Keybot the Quant, flips long after the opening bell at SPX 3288. The bulls are pumping chips, banks and retail stocks to create the market joy. Bears remain in control of volatility. If the VIX remains above 13.93, the stock market rally will die in the day or days ahead and the selling will resume. If the VIX drops below 13.93, the bulls will be throwing confetti, singing and dancing amazed at how the stock market will go up forever. The VIX is at 16.03 and the SPX is at 3296 printing a HOD at 3301. Watch out for a whipsaw. As always, more information is found at Keybot's site:
Keybot the Quant
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