Keybot the Quant is short moving into the Friday session. Today was a circus for equities with technical damage occurring. Semiconductors, retail, financials and volatility sectors all leaped into the bear camp creating market negativity. For Friday, the bears need to push the SPX under 1659, and hold it under, and the downside will accelerate. The bulls need to stop the bleeding and this can be accomplished if any of the following three levels can be regained; RTH 54.08, XLF 20.13, VIX 14.21. Bulls are in serious trouble if they cannot regain at least one of the three parameters. Keybot prints two pre-scheduled numbers tomorrow so the action can be updated in the morning. UTIL has a 486 handle and if 483 fails, a trap-door would open for equities and take markets sharply and quickly lower.
8/18/13;
7:00 PM EST =
8/16/13;
10:00 AM EST =
8/16/13;
9:00 AM EST =
8/15/13; 1:05 PM EST
= +3; signal line is +48
8/15/13;
11:29 AM EST = +17; signal line is +50
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