Keystone's trading robot, Keybot the Quant, flips back to the short side yesterday at SPX 4777. The quant logs another successful year and will be rezeroed for 2024 tomorrow. Utilities and commodities are running the show currently.
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.
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Saturday, December 30, 2023
Saturday, December 23, 2023
Keybot the Quant Turns Bullish
Keybot the Quant flips back to the long side at SPX 4769. The whipsaw choppy slop that is the hallmark of 2023 continues into year end. Bulls need stronger utilities and commodities to continue the rally. Utilities are currently set up to fail out of the gate on Tuesday.
Wednesday, December 20, 2023
Keybot the Quant Turns Bearish
The Keystone Speculator's proprietary trading robot, Keybot the Quant, flips to the short side at the end of today's session at SPX 4705. Bears remain in control if UTIL remains below 871 and will create more selling pressure for stocks if copper falls apart.
Bulls can redeem themselves if they push UTIL above 871. If they cannot turn utilities bullish by the end of the week, stocks are likely in for a world of hurt.