Keybot the Quant remains short. The bears make an initial run lower under the 1649 but could not hold this support failure so the bulls recover. The pre-scheduled number results in a tightening of the algo number to signal line spread to only five points. JJC remains well below 41.54 and VIX above 13.17 so the bears are happy. UTIL remains above 480.65 so the bulls are happy. Markets stumble sideways since none of these three parameters want to change sides. The beat goes on. SPX 1649 is important today.
6/2/13;
7:00 PM EST EOM =
5/31/13; 10:00 AM EST
= +36; signal line is +41
5/28/13;
10:00 AM EST = +33; signal line is +42
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