Tuesday, April 8, 2014

TWTR Twitter Daily Chart Descending Triangle

Twitter has been slapped silly lately steadily dropping day after day for the last couple months and more. The descending triangle targets the 40-ish level. The stochastics, histogram and RSI are positively diverged wanting to see a quick bounce. After the bounce, the money flow and MACD line want to see another low. The weekly chart shows possie d for the money flow and stochastics are oversold favorable to the bounce scenario. Overall the weekly chart hints at continued sideways with a lower bias probably for a couple more months but much of the selling may have already occurred.

The 39 support is important and leads to bad things if it fails. The projection is for a bounce due to the positive divergence described above but it will require nimble trading to exit on the bounce, and then reload on another low that prints in this area. Keystone bot TWTR today opening a new long position. Twitter would be expected to base moving forward. A drop from 75 to 40 is quite a beating, -47%. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

SPX Daily Chart Sideways Channel Fibonacci Retracements Outside Reversal Top

The market drama continues. The pink standard deviation bands squeezed in forcing a move discussed a few days ago. The price action did turn out to be a mirror-image move as compared to the tight band move from mid-December. Back then, note how the tight bands started to send price lower, the bears appeared in great shape, but the bulls slapped the bears in the teeth and rocket launched for a squeeze move higher for the back half of December. Over the last few days the tight bands start to squeeze price higher, the bulls appeared in great shape ready to launch above 1900, but the bears slapped the bulls in the teeth and crushed price from the 1890's to the high 1830's in a heartbeat. A mirror image of the tight band action in mid-December.

Although price has teased the lower bands a touch has not yet occurred so the expectation is for price to move lower to violate the lower pink band and then mount a recovery move. Once the lower band is violated a move back to the center band, the 20-day MA at 1863.40, would be projected, at a minimum where a bounce or die decision would occur for the future path. The blue lines show the Fibonacci retracements for the move up from 1740-ish to 1897-ish. The 32% Fib is 1836 essentially where price bounced today from 1837-ish. LOD 1837.49. The 50-day MA is 1840.57 also serving as support helping create today's bounce. The lower standard deviation band is 1836 so there is a confluence of support in this 1836-1841 area. In addition, the long over two-month sideways channel through 1840-1880 has yet to commit to one side of the other. Bulls win above 1880. Bears win below 1840.

The 100-day MA is 1826.68. The 20-week MA is 1831.15. The 1828 level is strong support so the 1827-1831 level is another strong confluence. Price is deciding to bounce or die from this 1848-1851 S/R area. If failure, a test of the 1836-1841 area is next which is the critical 50-day MA. If this fails the 1827-1831 test is next. Note the lackluster buying volume today compared to the two days of selling volume. The lower low in price over the last couple weeks comes with lower lows with indicators but the money flow and histogram near-term positive divergence did create today's bounce. The indicators are lining out sideways. The stochastics should dip into oversold territory and the RSI is under 50% indicating that some further weakness is anticipated. If bulls push higher, 1859 is the first strong resistance then the 20-day MA at 1863.40.

Note the red candlestick off the top on Friday. Price printed a higher high, an all-time high at 1897.28, then a lower low and closed under the prior day's low, an outside reversal day, which typically leads to bearishness moving forward. Adding all this mumbo jumbo together, what does it all mean? Projection is sideways to sideways lower moving forward. Near-term, perhaps a test at the 1836-1840 area again, violating the standard deviation band, perhaps a quick collapse to 1827-1831, but then a recovery bounce back to the 20-day MA currently at 1863, then roll over to the downside moving forward for the days and weeks to come. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

BPSPX Bullish Percent Index Issues Market Sell Signal -- Tentatively

For the BPSPX, the six-percentage point reversals are key as well as the 70% level. Bears receive the market sell signal in January with the drop from 84-ish to 78-ish. Then the double-whammy sell signal hits when price loses 70 in late January. The bulls right the ship in February receiving a market sell signal with the 62 to 68 reversal then the double whammy buy signal above 70 ushering in the continuing market strength.

The BPSPX peaks at 76 and change and now at 70 dead even a market sell signal is issued albeit by a hair. The double whammy sell signal occurs if price drops under the 70 level so Wednesday's trading action is very important. A major bull-bear direction commitment likely occurs tomorrow. Either bulls recover and take command for a few days or week or two ahead, or, BPSPX collapses under 70 ushering extended, sustainable and ugly downside selling ahead.

Exactly at 70.00 there is no wiggle room. Caesar will rise from his stone throne at the Coliseum tomorrow, stick out his arm and either provide the thumbs up, or down, for markets moving forward. Check the BPSPX after the closing bell tomorrow to see which side wins. The bears are favored but the bulls can turn the table if they eat their Wheaties and show up with their game face in the morning. If BPSPX drops under 70, the bulls will lose control of the markets. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

Monday, April 7, 2014

Keystone's Morning Wake-Up 4/7/14

RTH 59.53 and VIX 14.50 provide the market answer today. Keybot the Quant is short but the markets remain a sideways circus. The RTH dropping uncer 59.53 created Friday's weakness so the bulls can stop the downside selling if RTH moves above 59.53. Despite the strong equity selling, the VIX did not move above the important 14.50, identified by Keybot the Quant algo, so the selling is not yet impressive. Futures will send the SPX lower to begin the new week of trading but if the VIX remains under 14.50, the bears got nothing. Market trouble and selling pressure increases if VIX moves above 14.50.

For today with the SPX starting at 1865, the bulls need to regain the 1897 level to regain their mojo, a formidable task, so instead bulls will focus on stopping the downside bleeding by pushing the SPX above the strong 1868 resistance and pushing RTH above 59.53. The bulls must recover the 20-day MA at 1865.79 or they got nothing. The bears need to push under the strong 1863 support to accelerate the downside. The 200 EMA on the 60-minute chart is 1862.31 which determines the near term market direction so watch this number closely. Ditto the strong 1859 support since a failure leads to a test of the 1848-1851 support gauntlet.

Note Added 9:33 AM: Markets trade mixed to begin the session. SPX falls to a LOD at 1859.97 and pops. The 1859 support is strong. Price is fighting at the 200 EMA discussed above to determine the fate of markets. VIX is 14.90 so the bears place a feather in their caps, however, watch the VIX 14.50-14.60 to see if the bears can remain happy, or not. Copper recovers higher off this morning's weakness which will help bulls.

Note Added 9:37 AM: VIX 15.01. SPX 1859 support is violated. Bears are making a push. As long as VIX stays above 14.50, bears will have a happy day. Dollar/yen 103.06 down from 103.30 a few hours ago so stronger yen creates selling pressure.

Note Added 9:49 AM:  Price bounces off the 1855 support. Reference this morning's SPX S/R missive to monitor the support and resistance levels. The SPX will likely explore the 1855-1859 range for the minutes ahead. Bulls win above 1859; bears win below 1855. VIX 15.40. The SPX is under the 200 EMA on the 60-minute chart signaling bearish markets for the hours and days ahead. Watch to see if the bears can maintain the negative cross all day long. The 8 MA is under the 34 MA on the SPX 30-minute chart signaling bearish markets for the hours ahead. TRIN is 0.90 on the bull side (under 1.00) which should help the bulls create some market lift. Bears need to push the TRIN above one to lock in firm downside all day long.

Note Added 2:27 PM: The bears keep pushing. VIX 15.86. Dollar/yen 103.06 so lower but holding on to the 103 level; this is why equities have not flushed today. If dollar/yen loses 103, the broad indexes should take a strong leg lower. Financials are breaking down and will cause another leg lower in markets if they do not recover. Watch XLF 21.87; now at 21.84, failure, which will usher in more market negativity. If XLF recovers above 21.87, equities will recover into the closing bell. Bulls got nothing unless they push XLF above 21.87. TRIN is 1.18 representing orderly and continued selling. No panic at all; simply traders weeding out longs from the portfolio as the day moves along. SPX is nearing the 50-day MA at 1839.12. The SPX 1855 failed which led to the test of 1848-1851 a strong support gauntlet. Bad things happen under SPX 1848. Bulls must hold the line at 1848 but they could not. LOD 1841.57 so price already sliced through and bounced off the very strong 1841 support. With the 50-day in here, the 1839-1841 level is strong support. Big trouble is ahead if the 50-day MA fails. Keystone bot ARO opening a new long position. This is the beaten down retailer where the positive divergence bounce was ridden higher seven days ago then the trade exited three days ago. Keystone gives Aeropostale another whirl on the long side. ARO is a dangerous and speculative trade. It displays attractive positive divergence in place or developing. There may be a better entry 10 or 20 cents lower over the next couple hours but the anticipation is that ARO will receive a boost from positive divergence again and start higher.

Note Added 2:42 PM: VIX tagged 16.01 a few minutes ago. The 10-year yield drops under 2.70% and it was at 2.80% on Friday morning. Lower yields is in line with disinflationary and deflationary effects. The Friday jobs number shows flat to falling wages. Inflation will not exist without wages increasing. Economies do not recover if people do not have money to spend. No one shows respect to the disinflationary and deflationary scenario's for the economy moving forward. Everyone expects the 10-year yield to jump above 3% and head to 4% lickity-split in an inflation scenario. The consensus typically gets it wrong. The obscene money printing will guarantee inflation if not hyper inflation but the big up in yields may be more in line timing-wise with the end of the secular bear cycle 2000-2018 so inflationists may have to be patient for another two to four years.

Note Added 2:50 PM: SPX is 1847.06 bouncing off the lows. A new LOD printed at 1841.48. XLF 21.89. Say no more. Bulls know they must maintain strong financials or they will lose the game so they pushed XLF above 21.87, albeit two pennies, creating equity buoyancy. It is enough to send equities higher and stop the bleeding. Bears will try to push XLF back under 21.87, if so, the markets will flush lower into the closing bell. VIX drops to 15.53 continuing to cause negativity but the downward action intraday provides market lift.

Note Added 2:57 PM: The SPX is back testing the strong 1848 resistance, remember, it was support on the way down now turned resistance. This 1848-1851 is a sturdy gauntlet so treat the whole three-point range as resistance. Time for a bounce or die decision. Bulls will recover and dance to happy hour if SPX moves above 1851. Bears will accelerate the market selling if price fails from here at 1848-1851. If the bears win with a successful back kiss and collapse from 1848, price will set its sights on the 50-day MA at 1839.23. Simply watch XLF 21.87. Price is now 21.90 so the market bulls receive the nod. Dollar/yen 103.13.

Note Added 3:47 PM:  XLF 21.86. "Houston, we have a problem." The fight continues; now XLF 21.87 smack-dab on top of the bull-bear line in the sand. Dollar/yen maintains above 103. VIX 15.33. SPX was playing around the 1848-1851 gauntlet; price is now under 1848. XLF 21.86.

Note Added 3:54 PM: XLF 21.84. "Houston, the problem is getting worse." SPX 1845. Dollar/yen 103.08.

Note Added 4:01 PM: XLF 21.83. Financials will be the key tomorrow. If XLF recovers back above 21.87 a relief rally will occur for equities. If XLF remains under 21.87 and moves lower, equities will collapse another leg lower with the SPX likely testing the 50-day MA at 1839.16. The SPX fails the 200 EMA on the 60-minute chart at 1861.51 (reference this mornings chart) signaling bearish markets for the hours and days ahead. If bears can make this cross stick through tomorrow, sustainable downside is ahead for markets. TRIN finishes at 1.47, at its high, but by no means a big spike to 2, 3, 4 or higher which would signal panic selling. The selling is very orderly and steady which hints that continued steady selling and downside pressure would be expected moving forward (a panic move with TRIN of 2, 3, 4 or higher typically creates a bounce since the selling is overdone but steady-eddy selling, like today, at a TRIN of 1.47, can continue indefinitely). The SPX is under 1848 now negative on the year. Watch XLF 21.87 as described above since it dictates market direction.

SPX 60-Minute Chart 200 EMA Cross Tweezer Top

You know the drill with this important market metric by now. The SPX is above the 200 EMA on the 60-minute at 1862.31 signaling bullish markets for the hours and days ahead, however, price is only a hair away from failing. Bears need to push under 1862.31, and remain under, or they got nothing. The indicators are all negatively sloped showing weak and bleak behavior so lower lows in price are expected even after any bounce occurs. The 2-hour, 1-hour above and 30-minute charts all exhibit the same weakness. On Friday, the 2-hour chart negative divergence created the spank down so scroll back to that chart for further study.

The bears get slapped in the face time and time again as the red and green circles show. Market bears are never allowed to shine but markets always revert to the mean; the question is only the timing. Perhaps this time the bears will plot a more sustainable downside move once the 200 EMA fails, or will they?

From one to four 1-hour and 2-hour candlesticks are likely needed before the bulls can create a recovery move so that places markets into this afternoon or tomorrow. Thus, if equities bounce mid-morning, as typically happens much of the time due to Fed easy money printing, the SPX will likely re-weweaken and print lower lows at least into the mid to late afternoon. The stochastics are oversold and will positively diverge likely creating a bounce shortly after the opening bell. The Tweezer Top (blue circle) pattern printed identifying the top in this time frame. Look for a potential tweezer bottom moving forward like late March. Watch the 200 EMA cross since it provides the market direction answer going forward. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

SPX Support, Resistance (S/R), Moving Averages and Other Important Levels for Trading the Week of 4/7/14

SPX support, resistance (S/R), moving averages and other important levels are provided for trading the week of 4/7/14. The SPX sits between the April starting number at 1872.34 and the 1848.36 that began the year. Friday was wild with an over 30-handle intraday reversal printing for the SPX. A new all-time high at 1897.28 was printed resulting in price collapse. The all-time closing high is 1890.90 from 4/2/14. Note how the SPX fell below the 20-day MA at 1865.79 so keep an eye on this critical moving average to note bull versus bear market direction.

For Monday, the bulls need to regain the 1897 level to regain their mojo, a formidable task, so instead bulls will focus on stopping the downside bleeding by pushing price above the strong 1868 resistance. The bears need to push under the strong 1863 support to accelerate the downside. The 200 EMA on the 60-minute chart is 1862.31 so write this number down and pay attention. Bulls win moving forward if they stay above 1862. Bears win under 1862. The 1859 is very strong support and is likely the last stop before 1848-1851. The 1848 is uber strong support and where the year began so obviously a failure there leads to sustainable downside ahead. Futures are weak overnight and the S&P's are -5 about one-half hour before the open recovering off the -9 lows a short time ago. Price likely wants to drop for an immediate showdown at 1859 support where a bounce or die decision will occur to begin the week.

1897 (4/4/14 All-Time Intraday High: 1897.28) (4/4/14 Intraday High for 2014: 1897.28)
1894
1891 (4/2/14 All-Time Closing High: 1890.90) (4/2/14 Closing High for 2014: 1890.90)
1890
1889
1886
1884 (3/21/14 Intraday Top: 1883.97) (3/7/14 Intraday Top: 1883.57)
1897.28 Previous Week’s High
1897.28 Friday HOD
1883
1882
1879
1878 (3/7/14 Closing High: 1878.04)
1877
1876
1875
1874
1872.34 April Begins Here
1872
1871
1868
1867
1865.79 (20-day MA)
1865.09 Friday Close – Monday Starts Here
1863.26 Friday LOD
1863
1862.31 (200 EMA on 60-Minute Chart a Keystone Market Turn Signal)
1859.16 Previous Week’s Low
1859
1855
1853
1851 (1/15/14 Intraday Top: 1850.84)
1849 (12/31/13 Intraday High Top for 2013: 1849.44)
1848.36 Trading for 2014 Begins Here
1848 (1/15/14 Closing High: 1848.38) (12/31/13 Closing High for 2013: 1848.36)
1846
1845
1844
1843
1842
1841
1840
1839
1838.07 (50-day MA)
1838
1837
1835
1832
1830
1829
1828.79 (20-week MA)
1828
1827
1825.11 (100-day MA)
1824
1820
1819
1815
1814 (11/29/13 Intraday Top: 1813.55)
1812 (12/9/13 Intraday Top: 1811.52)
1811
1810
1809 (12/9/13 Closing Top: 1808.37)
1808
1807 (11/27/13 Closing Top: 1807.23)
1806
1803
1801
1800
1799 (11/18/13 Intraday Top: 1798.82)
1798 (11/15/13 Closing Top: 1798.18)
1796
1793
1791
1788
1786.86 (150-day MA; the Slope is a Keystone Cyclical Signal)
1785
1783
1782
1781
1779.04 (10-month MA; a major market warning signal)
1777
1775 (10/30/13 Intraday Top: 1775.22)
1772 (10/29/13 Closing Top: 1771.95)
1770
1768
1763
1762
1759
1756
1755.07 (200-day MA; not tested for 1 year extremely odd behavior)
1752.29 (12-month MA; a Keystone Cyclical Signal) (the cliff)
1752
1748
1747
1745
1740
1737
1736.90 (50-week MA)
1733 (10/17/13 and 1018/13 Gap-Up: 1733.15-1736.72)
1730 (9/19/13 Intraday Top: 1729.86)
1726 (9/18/13 Closing Top: 1725.52)
1722
1720
1711
1710 (8/2/13 Intraday Top: 1709.67)
1708
1706
1703
1700
1698
1697
1696
1693
1692
1691
1689

1688

Bitcoin Daily Chart Descending Triangle

Bitcoin is showing a nasty descending triangle pattern that has failed technically. The down move once the triangle base fails is typically equal to the vertical side of the triangle, however, this would wipe the bitcoin out to zero. The descending triangle points lower but more realistic targets are provided by the consolidation areas (blue circles) at 330-ish and 200. Bitcoin will need to back kiss the base line of the triangle at 550 at some point forward. When this occurs a critical bounce or die decision will result. Price will either recover above 550 and point to blue skies and rainbows ahead, or, collapse likely pointing to a potential demise of this flamboyant virtual currency at least down to the 330 then 200 levels.

Bitcoin bulls need price above 550 as soon as possible. Bitcoin bears need the recent lows to be taken out, call it 420, and that would send price down to the 330-ish support test. If price comes up for the back test at 550 it may represent the last best chance to exit the troubled virtual currency. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

Special thanks to Bitcoin Charts for providing the chart above which was annotated by Keystone.

Financial Services Deaths Total 12

Another banker shows up dead. This time Jan Peter Schmittman, 57, that ran ABN Amro, a Dutch bank, until 2007, is found dead by an older daughter. His wife, 57, and younger daughter, 22, are also dead at their home. Authorities label the tragedy as a family disturbance gone bad but will not supply any details just like prior banker deaths and suicides. Schmittman orchestrated the split of ABN Amro into smaller units during the 2008-2009 financial crisis that were absorbed by Fortis, Santander and Royal Bank of Scotland. The banker deaths now total one dozen over the last 3-1/2 months.

The financial services deaths are occurring at a pace faster than one death per week this year. There are 12 deaths (excluding the wife and daughter above) in the last 3-1/2 months. Omitting the Wilson suicide, there are 11 deaths in the last 10 weeks, a pace of about one death per week. If you work in the financial services industries, start looking over your shoulder. Many deaths are labeled suicides but suspicious circumstances surround all of the deaths.

The previous victim was pretty and intelligent Autumn Radtke, 28-years young, found dead in her Singapore home. Radtke was the CEO of First Meta, a Singapore-based bitcoin exchange. Her death is stated unofficially as suicide.

Folks must lose their soul to work in the shadowy areas of the financial industry. Insider trading occurs daily but is rarely enforced. Occasionally, high profile people such as Martha Stewart are thrown to the wolves to create the illusion that regulators and prosecutors are doing their job. Big money may be involved in world-wide drug running, money laundering, organized crime, black-op government operations and many other nefarious activities. The bankers always know where the bodies are buried.

The following 12 deaths have occurred in the financial industry over the last 14 weeks; 11 deaths in the last 10 weeks. Each death occurs under suspicious and mysterious circumstances;

12/24/13; Robert F. Wilson, 87 years old, a retired hedge-fund founder jumped from the 16th floor of his Central Park West apartment building in New York. A suicide note was found.

1/22/14 (estimated); Tim Dickenson, a communications director with Swiss Re, died in the UK. Details surrounding his death are kept under wraps by authorities and not available.

1/26/14; Karl Slym, 51 years old, an executive with Tata Motors, climbs through a small window and jumps to his death falling from the 22nd floor of the Shangri-La Hotel in Bangkok. His wife may have wrote a suicide note. He may have been asleep when he fell. The situation is sketchy and confusing with limited details available.

1/26/14; William Broeksmit, 58 years old, an executive officer and risk manager with Deutsche Bank AG, is found dead from hanging at his London home. He was highly regarded by coworkers.

1/28/14; Gabriel Magee, 39 years old, a vice president with JPM, leaps to his death from the roof of the Canary Wharf tower in London, the European headquarters, plummeting 33 stories.

1/31/14; Michael Dueker, 50 years old, chief economist at Russell Investments, is found dead laying on the side of the road in Washington State. Dueker was a former Federal Reserve central bank economist.

2/3/14; Ryan Henry Crane, 37 years old, an executive director with JPM at the New York office, is found dead at his Stamford, Connecticut home. There are very little details available concerning his death.

2/4/14; Richard Talley, 57 years old, founder of American Title Services in Colorado, is found dead at his home apparently from a self-inflicted shooting using a nail gun.

2/18/14; Li Junjie, 33 years old, a finance employee at JPM, flung himself off of JPM's 30-story Hong Kong office building. He told an associate he was under stress but no suicide note was found.

2/19/14; James Stuart, Jr., an Arizona businessman and former CEO of National Bank of Commerce, is found dead in Scottsdale, Arizona. Details are under wraps by authorities with no information made available. Colleagues said he was a very successful banker.

3/5/14; Autumn Radtke, 28 years old, CEO of First Meta bitcoin exchange, is found dead in the bathtub at her Singapore residence. The unofficial cause of death is suicide but details are not available. The circumstances surrounding the death remain mysterious.

4/5/14; Jan Peter Schittmann, 57 years old, that ran ABN Amro, the Dutch Bank, until 2007, is found dead at his home along with his wife and daughter. Tragically, an older daughter found the bodies. Officials label the tragedy as a family disturbance gone bad but details are not provided.

Keystone's April Seasonality for Trading Markets

The largest gains in the stock market typically occur between November and April each year. We are now only four weeks away from "Sell in May and go away." Tech and biotech sectors receive the largest gains in Q4. The broad indexes typically gain about +1.2% for the month of April. April is typically the best month of the year for OTC (over-the-counter stocks).

The first couple days of a month tends to experience new money inflows which creates market buoyancy. April 1 is typically an up day about 70% of the time and was again this year. Markets are typically up on the Monday of OpEx week, 4/14/14, and up from Tuesday into Wednesday during OpEx week which is 4/15/14 into 4/16/14. The third week in April is typically the best week for stocks during Q2. Traders sell stock in early April to pay Uncle Sam's tax bill but typically rebound after the tax deadline day on 4/15/14 passes; so the potential for market weakness exists for the first couple weeks of the month with a recovery during OpEx week heading into the Easter holiday. The FOMC two-day meeting is 4/29/14 and 4/30/14.

Home builders tend to be weak in April. Small caps typically do well in April-May. Beef tends to rally from the first of the year into mid-April so TSN and HRL are viewed as potential shorts. Right on cue, both stocks peak four days ago and begin selling off. There is typically a large biotech conference during April so this may supply go juice for the biotech sector which has been beaten down in recent weeks.

On the esoteric side, markets are typically down moving through the new moon which was 3/30/14 but markets rallied instead this month. The next new moon is 4/28/14 during the last week of the month so market weakness may appear 4/25/14 through 4/29/14. Markets are typically bullish moving through the full moon on 4/15/14 which bolsters the idea of market weakness in the first half of the month then a recovery after tax day. A Bradley turn occurs 4/6/14 and another on 4/27/14. Market trend changes or acceleration moves in the existing direction typically occur at these dates give or take a few days. Bradley turns do not predict direction only that a trend change is likely. Considering the big sell off on Friday, 4/4/14, the Bradley trend change may be down but the early week needs to play out this week to confirm the potential move lower.

Markets are closed for Good Friday on 4/18/14. Easter Sunday is 4/20/14. Markets tend to be bullish moving into a three-day holiday weekend so markets may target bullishness from 4/15/14 through 4/17/14. The EOM is Wednesday, 4/30/14. AA kicks off Q1 earnings season on Tuesday, 4/8/14.

Saturday, April 5, 2014

Keybot the Quant Turns Bearish

Keystone's trading algo, Keybot the Quant, flips back to the bear side at SPX 1875. The weakness in the retail sector creates much of the broad market selling. As always, stay alert for a potential whipsaw on Monday. Volatility and retail will be important at Monday's opening bell. More information is found at Keybot's site;

Keybot the Quant