Keybot the Quant remains long. SOX came up to the 3018-3019 the robot called out ahead of time and died. Utilities recover with price in the middle of the two key levels called out by the robot. Retail stocks rally so the bears had nothing.
Same dealio. Utes, chips and retail stocks (Scamazon) are all that matter. Bulls continue winning and pushing stocks higher if UTIL moves above 967.82 and SOX above 3019.
Bears will stop the rally if UTIL drops below 959.40 and stocks will slide south if RTH loses 163.30.
Watch for jog moves with the utes (UTIL price moving back and forth across the key 959.40 level) since that hints that the quant is getting close to wanting to flip short. The robot is incrementally pushing that way if utes jog.
5/14/23;
7:00 PM EST =
5/12/23;
10:00 AM EST =
5/10/23;
2:08 PM EST = -5; signal line is -24
5/10/23;
1:04 PM EST = -21; signal line is -26
5/10/23;
9:36 AM EST = -5; signal line is -27
5/9/23;
3:59 PM EST = -21; signal line is -29
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