Keybot the Quant remains short as the market drama continues. The markets remain a coin-flip as evidenced by the algo number only 3 ticks from the signal line. Bulls pushed commodities higher to keep markets elevated. Watch GTX 4808.90, now at 4812.20, creating market bullishness. For Wednesday, the bulls need UTIL above 491.20 and/or VIX below 13.94, and the SPX will begin moving higher again. If 1 of these 2 turn bullish, and the SPX moves above 1800, and stays above, Keybot will likely flip long. The bears need GTX under 4808.90, UTIL under 482.94 and/or XLF under 20.91 to lock in more downside.
For the SPX starting at 1795, the bulls need to move above 1800 to accelerate the upside. The bears need to push under 1788 to accelerate the downside. A move through 1789-1799 is sideways action. GTX 4808.90, VIX 13.94, UTIL 491.20 and 482.94, XLF 20.91 and SPX 1800 and 1788, will dictate market direction forward. The imminent turn notation is back in the title line. Markets continue dancing on a knife edge and must decide on a firm direction. Watch GTX 4808.90 at the opening bell.
12/6/13;
9:00 AM EST =
12/3/13; 1:22 PM EST
= +30; signal line is +33
12/2/13;
3:32 PM EST = +16; signal line is +34
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