The Keystone Speculator's trading robot, Keybot the Quant, flips to the long side yesterday afternoon at SPX 5961. The stock market joy is due to chips, retail stocks, commodities and volatility all jumping into the bull camp.
Simplifying today, it is a fight between volatility and banks. Bulls win going forward if they can push XLF above 48.60. Bears win and will start to wrestle back control of the stock market if VIX moves above 16.98. One of them will flinch.
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