Keybot the Quant is long but the turmoil in Egypt Portugal and Greece is rattling global markets. The algo is tracking UTIL 480.75, GTX 4735, XLF 19.26, SOX 459.80 and RTH 51.65. Utilities and commodities are causing market negativity so the bulls need to regain the UTIL and/or GTX levels. Financials, semi's and retail sectors are creating market bullishness so the bears need to push these three parameters under the levels shown. If either XLF, SOX or RTH loses the level above, and the SPX drops under 1607, Keybot will likely flip short so the imminent turn notation is added to the title line above. The S&P futures are -12 at this writing about five hours ahead of the U.S. open.
For the SPX starting at 1614, the bulls need to push above 1624 today to accelerate the upside but this does not appear on tap for the holiday-shortened session. Markets close at 1 PM EST. The bears need to push under 1607 to accelerate the downside and the futures currently point in this direction. A move through 1608-1623 is sideways action. Markets are erratic and unstable.
7/5/13; 9:00 AM EST =
7/2/13; 1:38 PM EST =
+5; signal line is -3
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