Keybot the Quant remains long but is champing at the bit to go short again. Looks like last week's action is being repeated again this week. XLF fails through the critical 23.55 level so bearishness enters into stocks that drift lower into the closing bell. The weakness, however, is not enough for Keybot's internal parameters to all latch to permit the move to the bear side, so the drama will continue tomorrow.
If SPX drops under 2434 tomorrow (Tuesday), Keybot will likely flip short. Market bulls need stronger banks and must push XLF back above 23.55 pronto or they will be in trouble. It's all about the banks. The beat goes on.
6/11/17;
7:00 PM EST =
6/5/17; 3:03 PM EST =
+54; signal line is +70 but algorithm remains long
6/5/17;
10:08 AM EST = +70; signal line is +69
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