Keybot the Quant is long moving into the Thursday session. Semiconductors slip negative again with the SOX dropping under 473.07. Bulls need the semi's to recover but tech may take a hit today due to lackluster CSCO earnings last evening. Bears need to push financials lower, the XLF under 20.12, to create strong market negativity. If the bears can push the SPX only one point lower after the opening bell, under 1685, and hold price under, Keybot will likely flip to the short side. The bulls need to push the SPX above 1695 to regain their mojo. A move through 1686-1694 is sideways action. The algo is also tracking VIX 14.20, RTH 54.15 and UTIL 483 with interest. All three parameters are creating market bullishness currently.
8/16/13;
9:00 AM EST =
8/14/13; 2:10 PM EST
= +49; signal line is +54 but algorithm says stay long
8/14/13;
11:34 AM EST = +65; signal line is +54
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