Keybot the Quant remains bearish but the algo continues on a wild printing spree this week with markets very indecisive on which way to run. Copper is stronger, JJC above 40.13, so equities move higher. GTX punched through 4889, but then retreated. XLF is pennies from 20.01. The GTX 4889 and XLF 20.01 levels will launch broad market upside. If one of them turns bullish, and the SPX moves above 1692, and stays above, the algo will likely flip to the long side. Bears need to keep GTX and XLF bearish and push JJC back under 40.13. Utilities are weak. Watch UTIL 485.90 at the closing bell today since this number carries clout all next week. If UTIL stays under 485.90 late afternoon, as well as under the 50-week MA at 483.53-ish, this will create equity weakness for Monday morning's opening bell.
10/6/13;
7:00 PM EST =
10/4/13; 10:06 AM EST
= +18; signal line is +24
10/4/13; 9:55 AM EST
= +32; signal line is +25 but algorithm remains short
10/4/13; 9:30 AM EST
= +18; signal line is +24
10/4/13; 9:00 AM EST
= +2; signal line is +24
10/3/13;
3:55 PM EST = +2; signal line is +25
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