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.

Keybot the Quant

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