Keybot the Quant remains long but markets are becoming dicey. UTIL failed at 485.33 which places a lid on any further market upside. Bears will receive further fuel if UTIL 483.55 fails. Also XLF is 20.04 on the ragged edge of the 20.01 bull-bear line in the sand. On the bull side, GTX is now dancing with 4888. A turn may be imminent since if XLF or UTIL fails the numbers listed, and the SPX drops under 1692, Keybot will likely flip short. Bulls must push equities higher right away and prevent any further failure, otherwise, they will lose control. An exciting finish may be on tap. The algo number is only 5 points from the signal line. Watch UTIL 483.55 and XLF 20.01 since either failure signals trouble ahead for equities.
9/27/13;
10:00 AM EST =
9/26/13; 1:33 PM EST
= +48; signal line is +43
9/25/13;
9:48 AM EST = +64; signal line is +42
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.