Keybot the Quant remains short through the weekend. The algo idled along on Friday without printing any numbers after the 10 AM pre-scheduled number. A wild week of trading action occurs with a big down Wednesday, big up and recovery Thursday, then big down on Friday again. The algo was a hair away from whipsawing back to the long side at the Thursday close at 1638+ but the internal programming rules would not trigger the move and then on Friday the bears growl again. Commodities, GTX, is 4775, above the 4763 bull-bear line so this helps the bull case next week. UTIL finished at 485.33 between the two critical bull-bear levels, one at 481.00 and the other at 488.48. The move in UTIL at Monday's opening bell will provide a direct gauge on market direction depending on which direction it chooses. The imminent turn notation remains in place since Keybot wants to go long but is held back by internal programming rules. If market bullish, you want to see the SPX move above 1641 and higher to signal the all-clear for upside. If bearish, you want to see UTIL and GTX weaken to increase the market selling pressure. Next week's areas and levels of interest can be provided tomorrow once the Sunday pre-scheduled number prints.
6/16/13;
7:00 PM EST =
6/14/13; 10:00 AM EST
= +49; signal line is +30 but algorithm says stay short
6/14/13;
9:30 AM EST = +50; signal line is +28 but algorithm says stay short
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