Keybot the Quant remains long. The algo finally resolves last week's drama with the bull's winning by driving the banks higher. XLF rises to 23.59 above the key bull-bear line in the sand at 23.55 so the stock market remains buoyant and the bears are slapped in the face. Slap, slap.
Copper continues to sag lower which is bear friendly but the banks are running the show. The VIX remains under 10 rewarding the bulls. XLF 23.55 is the key to market direction. If XLF drops under 23.55 and the SPX drops under 2428, Keybot will likely flip short, hence the imminent turn notation remains in the title line. The bulls win going forward if they keep the XLF above 23.55. The beat goes on.
6/11/17;
7:00 PM EST =
6/5/17; 10:08 AM EST
= +70; signal line is +69
6/4/17;
7:00 PM EST = +54; signal line is +68 but algorithm remains long
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.