Keybot the Quant is short but on the edge of flipping long. RTH is above 53.74 causing bullishness, ditto SOX above 467.60. JJC is 39.75 on the bear side of 39.93. Copper is weak today but the strength in retail and semi's are pushing equities strongly higher. The algo wants to go long now but the internal programming rules are holding it back. One of the key parameters is the SPX price, now at 1653.58. If the SPX moves above 1655, and stays above, Keybot will likely flip long. Bulls have it in their grasp right now with the Beige Book data release only one hour away. A turn may be imminent.
9/6/13;
9:00 AM EST =
9/4/13; 12:12 PM EST
= +1; signal line is -8 but algorithm remains short
9/4/13;
10:00 AM EST = -15; signal line is -8
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