Keybot the Quant remains short with the bears beginning to put some meat on the bones. The algo number is 23 points below the signal line so the bears are clawing and lashing-down at the bulls drawing blood on Wall Street.
Chips failed. Banks also failed but recovered. These parameters tell you the stock market direction story to start next week.
Bulls need SOX above 3034 pronto or they are toast. Bears need XLF below 33.10 if they want to create mayhem and carnage in the stock market. One of them will flinch. If not, stocks will stumble and stagger sideways until one of the two parameters blinks.
For now, the caution flag remains out but if the banks/financials (XLF) turn negative, the caution will be dropped from the title line and the bears will be cruising lower.
4/30/23;
7:00 PM EST EOM =
4/28/23;
10:00 AM EST =
4/25/23;
10:00 AM EST =
4/23/23;
7:00 PM EST =
4/21/23;
9:53 AM EST = +12; signal line is +35
4/21/23;
9:44 AM EST = -4; signal line is +35
4/21/23;
9:36 AM EST = +12; signal line is +36
4/20/23; 3:16 PM EST = +28; signal
line is +36; go short 4118; (Benchmark SPX for 2023 = +7.2%)(Keybot algo
this trade = +3.4%; Keybot algo for 2023 = +1.3%)(Actual results this trade = +6.5%;
Actual results for 2023 = +4.2%)
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