Keybot the Quant continues along on the bullish side. The algo only printed the pre-scheduled number yesterday, the remainder of the day the market bulls were maintaining market control. Futures are currently flat for the Wednesday open but it's early and economic data will hit today effecting markets.
Continue to focus on retail, RTH, and volatility, VIX, to determine market direction. As long as RTH stays above 108.40, now at 109.97 to start the session, the markets will remain buoyant. As long as VIX stays under 32.85, now at 30.64 to start the session, the markets will remain buoyant. If one violates their respective level, that ushers in market bearishness and selling. If both lose the levels shown, the bears will be pushing strongly to the downside. For now, the market bulls remain in control.
12/4/11; 7:00 PM EST =
12/2/11; 9:00 AM EST =
11/30/11; 7:00 PM EST EOM =
11/29/11; 10:00 AM EST = -26; signal line is -45
11/28/11; 3:57 PM EST = -26; signal line is -45
11/28/11; 3:54 PM EST = -40; signal line is -44
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