Keybot the Quant remains short. The semiconductors broke down today with SOX falling under 473.36 into the bear camp causing market negativity. SOX is now at 471.60. GTX is 4745 remaining well under the 4795 bull-bear line. Copper explodes higher with JJC over 40 firmly bullish. The algo tracks SOX 473.36 and GTX 4795 as the two key influences on market direction now. Bulls need to regain at least one of these two to stop the market selling, otherwise, markets will drift along with a negative bias. The bears need to push VIX above 14.20 to unleash market mayhem. The bears are driving the bus but markets remain erratic, unstable and indecisive.
8/11/13;
7:00 PM EST =
8/8/13; 10:10 AM EST
= +35; signal line is +51
8/7/13;
1:35 PM EST = +51; signal line is +52
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