SPX Daily Chart Showing Keybot the Quant Algorithm Turns for 2013

Keybot the Quant, continues to navigate through a difficult trading environment. The chart shows the algo turns for 2013 thus far.  Markets have been moving sideways through 1590-1670, an 80-point range, for two months. Stocks have wiped out all gains in May and June and are back to April levels. The sideways choppiness is created by the higher volatility. The algo moves from short to long and back to short over the last month clearly illustrate the ongoing market indecision. For now, the bears are driving the bus but time will tell how long this direction remains. Pay attention to RTH 51.46 and XLF 19.27 to determine market direction in the near-term. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here.  Consult your financial advisor before making any investment decision.