Thursday, May 25, 2023

Keybot the Quant Turns Bearish

Keystone's trading robot, Keybot the Quant flips to the short side yesterday at SPX 4128. Watch volatility, the NYA, retail stocks and chips. VIX 19.25 is a key bull/bear line in the sand right now with VIX trading in real-time at 19.38 only pennies away. If stocks rally today due to the NVDA AI hype, and the VIX does not drop below 19.25, the rally is phony-baloney and will roll over to the downside. Bulls must send NYA back above 15138, otherwise the stock market will fall apart.

Keybot the Quant

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