Keybot the Quant remains short as another day of market antics are underway. The algo prints two numbers today thus far. Markets remain a toss-up as evidenced by the algo number only 3 points from the signal line. Flip a coin. XLF drops under 20.01 helping bears. UTIL drops under 483.53 helping bears. GTX is above 4889 helping bulls. JJC remains above 20.13 helping bulls. These parameters remain on the ragged edge and each can go either way. Watch XLF 20.01, GTX 4889 and JJC 40.13. If copper turns negative with JJC dropping under 40.13, this would create substantive market negativity.
The SPX is currently printing 1685 as this message is typed. If the bulls can push XLF over 20.01 and the SPX above 1694, the aglo will likely flip long. GTX below 4889 and JJC under 40.13 would create further market negativity.
10/4/13;
9:00 AM EST =
10/3/13; 9:43 AM EST
= +32; signal line is +35
10/3/13; 9:37 AM EST
= +48; signal line is +36 but algorithm remains short
10/2/13;
3:58 PM EST = +50; signal line is +36 but algorithm remains short
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