Keybot the Quant remains long but utilities have failed both the UTIL 481.39 and 481.00 levels signaling trouble ahead. The anticipation is that markets should start to accelerate lower but the bulls are hanging on. The SPX LOD is 1624.24 not under 1623 as yet. Keybot wants to flip short but the internal programming rules are not yet lined up properly. Flip a coin, markets are at an inflection point right now. If UTIL stays under 481, the broad indexes should sell off. The turn may be imminent; watch to see if SPX sub 1623 occurs.
6/14/13;
10:00 AM EST =
6/12/13; 10:45 AM EST
= +4; signal line is +29 but algorithm says stay long
6/12/13; 10:40 AM EST
= +20; signal line is +29 but algorithm says stay long
6/9/13;
7:00 PM EST = +36; signal line is +30
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