Keybot the Quant remains long. Copper gave up the ghost again today, as measured by the JJC 45.40 level, ushering in broad market weakness. The SPX lost the 1245 handle described in this morning's missive so more downside action occurred. SPX 1240 and 1235 are strong support levels especially 1235. Watch, semi's, SOX, the 371 level, as a next potential sector to give up the bull side. For now, bulls remain in control, but the spread between the algo number and signal line is tighter at 26 points difference.
12/11/11; 7:00 PM EST =
12/9/11; 10:00 AM EST =
12/8/11; 10:20 AM EST = +6; signal line is -20
12/7/11; 10:49 AM EST = +22; signal line is -22
12/7/11; 10:34 AM EST = +6; signal line is -25
12/4/11; 7:00 PM EST = +22; signal line is -27
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