Tuesday, December 6, 2011


Keybot the Quant remains long as the algo logs a second day without printing any numbers. Is this the calm before the storm? The quant is stone cold silent so far this week. The market is behaving itself, traders are walking on egg shells awaiting the ECB rate cut and E.U. Summit.  Utes, semi's, retail, financials, lower volatility and copper remain supportive of the market. Retail is prime for a reversal now. For semi's, financials, volatility and copper, watch SOX 371.00, XLF 12.80, VIX 33 and JJC 45.50, respectively.

For the SPX in the Wednesday session, starting at critical 1258 support, if 1266 is touched, the bulls will accelerate the upside with strong buying. If the 1253 handle is lost, the bears will accelerate the downside with strong selling.  A move thru 1254-1265 is sideways action. For now, the market bulls remain in control.

12/11/11; 7:00 PM EST =
12/9/11; 10:00 AM EST =
12/4/11; 7:00 PM EST = +22; signal line is -27
12/2/11; 9:00 AM EST = +22; signal line is -30
12/1/11; 1:42 PM EST = +22; signal line is -32

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