Keybot the Quant remains short with a big week ahead for stocks. The bears are in charge but there is only 6 points between the algo number and signal line.
Utes and banks will tell the story. Bulls need UTIL above 960-962 pronto to help ignite an upside rally and potentially force Keybot the Quant to flip long.
Bears need XLF below 33.11 to send the stock market south. One of the two will flinch.
In the pre-market, XLF is at 33.23 so the bulls are cheering keeping the financials in their camp. Utes are not yet tipping their hand. Keybot prints one pre-scheduled number this week on Friday morning. Today is the first day of May trading. It is May and everyone loves the flower girl.
5/7/23;
7:00 PM EST =
5/5/23;
9:00 AM EST =
4/30/23;
7:00 PM EST EOM = -5; signal line is +1
4/28/23;
3:12 PM EST = -5; signal line is +3
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