Keybot the Quant remains short as the new week of trading begins, however, the bulls are fighting back by sending SOX above 473.10 (use this number as the bull-bear line rather than the 473.36) and volatility lower. If the bulls can drive the SPX back above the 1699-1700 level and hold above, Keybot will likely flip back to the long side. Bears need to push semiconductors lower and the VIX higher. Keybot is now tracking financials, XLF, that may be falling into trouble. Watch XLF 20.15, now at 20.39 causing market bullishness. Bears will drive equity markets lower if XLF 20.15 fails.
8/16/13;
9:00 AM EST =
8/12/13; 10:10 AM EST
= +65; signal line is +53 but algorithm says stay short
8/11/13;
7:00 PM EST = +49; signal line is +52
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