Additional information is found at Keybot's site;
Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
Pages
▼
Wednesday, April 15, 2020
Keybot the Quant Turns Bullish
The Keystone Speculator's proprietary trading algorithm, Keybot the Quant, flips to the long side yesterday afternoon at SPX 2845. Bulls pump retail stocks (think AMZN) and chips to create the strength in the broad stock market. Stay alert for a whipsaw back to the short side. S&P futures are down -50 ahead of the hump day opening bell. Watch SOX 1610. If SOX 1610 fails, the downside for equities has legs. If stocks sell off, but SOX remains above 1610, bears got nothing and stocks should recover and resume the rally.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.