The Keystone Speculator's proprietary trading algorithm, Keybot the Quant, whipsaws back to the short side yesterday at SPX 2815. Utilities were the final linchpin holding the equity market together and the utes took a swan dive off the cliff into the jagged rocks below (placing the crash scenario on the table). Stay alert for a whipsaw back to the long side if ECB President Lagarde delivers stimulus goodies this morning. The huge intraday and day to day price moves will continue because the VIX is above 60. The bears are in control and the beatings will continue until moral improves.
Keybot the Quant
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