Friday, December 2, 2011


Keybot the Quant remains bullish.  The pre-scheduled number just clicked off with no change to the algo number but the signal line increased two ticks. The algo number remains 52 points above the signal line which is very strongly bullish for markets.

Watch XLF 12.73, SOX 370.50 and JJC 45.25 to gauge broad market direction, especially XLF at the opening bell.  For the SPX, starting at 1245, if the 1251 handle is touched, the indexes will run up several more handles in short order. The futures currently indicate this move to be on tap. Market bears need to push the SPX down to lose the 1240 handle, if so, the indexes will drop several more handles in short order as the bears usher in increased selling.  For now, the market bulls remain in firm control.

12/11/11; 7:00 PM EST =
12/9/11; 10:00 AM EST =
12/4/11; 7:00 PM EST =
12/2/11; 9:00 AM EST = +22; signal line is -30
12/1/11; 1:42 PM EST = +22; signal line is -32
12/1/11; 10:35 AM EST = +6; signal line is -35
11/30/11; 7:00 PM EST EOM = +22; signal line is -37

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