Keybot the Quant remains short in these wild and erratic markets. The algo number and signal line keep wrestling for position. UTIL 477.91 opens the trap door for equities and the most important parameter to watch today. So far, the UTIL 477.91 failure creates -18 SPX points today. Bears remain in the drivers seat. Bulls can wrestle back control if they move UTIL above 477.91. Keybot will need to see SPX 1647 today to want to flip long and considering the sell off so far, the imminent turn notation is removed for now. Markets will pivot on the Beige Book at 2 PM one and one-half hour from now.
6/7/13;
9:00 AM EST =
6/4/13; 11:21 AM EST
= +20; signal line is +35
6/4/13; 10:58 AM EST
= +36; signal line is +37
6/4/13; 9:31 AM EST =
+20; signal line is +37
6/4/13; 9:30 AM EST =
+36; signal line is +38
6/4/13;
3:27 PM EST = +52; signal line is +38 but algorithm says stay short
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