Keybot the Quant remains short as the week finishes with mayhem on Wall Street. Once NYA 15060 failed, the blood was flowing, then copper failed, so it was carnage. Turn out the lights, the party's over.
The bears are in control of stock market direction currently with the algo number 36 points below the signal line. Semiconductors, copper and the NYA Index will dictate the battle for directional control as the new week begins.
The chips are the last major parameter holding up the stock market by the skin of their teeth. Pay attention to chips, copper and the NYA if you want to know where the market is going.
3/12/23;
7:00 PM EST =
3/10/23;
3:59 PM EST = -61; signal line is -25
3/10/23;
3:58 PM EST = -45; signal line is -22
3/10/23;
3:47 PM EST = -61; signal line is -21
3/10/23;
2:11 PM EST = -45; signal line is -19
3/10/23;
1:37 PM EST = -61; signal line is -18
3/10/23;
12:01 PM EST = -45; signal line is -16
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