Keybot the Quant remains long. The battle of financials and volatility continues. Bulls need VIX under 13.93. Bears need XLF under 21.44. One side or the other will flinch and this will dictate the firm direction forward for a few days.
For the SPX, starting at a new closing high at 1854, the bulls need any amount of positivity and this will create an upside acceleration of a few handles, testing 1859 immediately. The bears need to push under 1841 to accelerate the downside. A move through 1842-1853 is sideways action. S&P futures are -2 about three hours before the opening bell. The imminent turn notation is removed but if XLF drops under 21.44 consider it to be fully restored with the algo in position to flip short. If XLF moves sub 21.44, and the SPX sub 1841, Keybot will likely flip short. Bulls will run strongly higher into the weekend if they receive the VIX sub 13.93 rocket fuel.
2/28/14;
10:00 AM EST =
2/27/14; 10:41 AM EST
= +48; signal line is +44
2/27/14; 10:13 AM EST
= +32; signal line is +44 but algorithm remains long
2/26/14;
1:09 PM EST = +48; signal line is +44
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