Keybot the Quant remains short through the weekend. Weak utilities and commodities, along with higher volatility, create equity weakness. Higher copper and financials are helping the bulls maintain elevated equities. The algo was very active last week as sideways choppiness chews up bulls and bears each day. Note that UTIL closed at 480 under both the 483.53 and 485.90 key levels for next week creating increased market negativity when the bell rings Monday morning. If the bulls would have pushed the SPX above 1692 late yesterday, Keybot would have likely flipped long. The algo wants to go long right now but the internal programming rules are not lined up properly to flip the trigger. The market choppiness will likely continue. Next weeks areas and levels of interest can be identified once the Sunday pre-scheduled number prints tomorrow.
10/6/13;
7:00 PM EST =
10/4/13; 12:42 PM EST
= +34; signal line is +25 but algorithm remains short
10/4/13;
10:06 AM EST = +18; signal line is +24
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