Keybot the Quant is bullish going into the Wednesday session. The bulls retake control with stronger semiconductors and financials, and lower volatility. The bulls need to push the SPX higher to touch the 1697 handle and the upside will accelerate to immediately test the critical 1699-1700 resistance, and then onward to 1707-1710. The bears need to push either the SOX under 473.15 (now above 479 creating bullishness) and/or the XLF under 20.12 (now at 20.44 creating market bullishness). Otherwise, the bears got nothing. If either the SOX or XLF fails, and the SPX drops under 1683, Keybot would likely whipsaw short. The bulls are driving the bus.
8/16/13;
9:00 AM EST =
8/13/13;
12:50 PM EST = +65; signal line is +54; go long 1694; (Benchmark SPX for
2013 = +18.8%)(Keybot this trade = -0.2%; Keybot for 2013 = +12.9%)(Actual this
trade = -0.6%; Actual for 2013 = +7.6%)
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