Keybot the Quant remains long but the bears are pushing hard. Both retail stocks and financials fell to their bull-bear levels identified by the algorithm and bounced. The market bears need either XLF under 23.12, only five pennies away now, and/or RTH under 76.14 (now at 76.28). Either would send stocks strongly lower; if both fail equities will collapse down the rabbit hole. Bulls need lower volatility to push VIX under 16.44 but instead it is moving higher helping bears.
Watch XLF 23.11-23.12 because it will tell you who wins today. Price is barely above. Stocks are toast if XLF fails but if it holds, bulls will recover.
Watch XLF 23.11-23.12 because it will tell you who wins today. Price is barely above. Stocks are toast if XLF fails but if it holds, bulls will recover.
6/17/16;
9:00 AM EST =
6/12/16; 7:00 PM EST
= +66; signal line is +63
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