Keybot the Quant is on the long side as of about two hours ago. The chips flip back to the bull camp so stocks remain buoyant. Chips and banks tell you everything you need to know about market direction. Watch SOX 1074.30 (now at 1076) and XLF 24.65 (now 24.67). It is a game of pennies and a couple dollars.
If both parameters remain bullish, stocks should move sideways to sideways higher into the weekend. If either parameter turns bearish, stocks will create a negative bias. If both turn bearish stocks will tumble lower into the closing bell. Easy-peasy.
8/27/17;
7:00 PM EST =
8/20/17;
7:00 PM EST =
8/18/17; 2:18 PM EST
= +70; signal line is +68
8/18/17;
1:49 PM EST = +54; signal line is +69 but algorithm remains long
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