Keybot the Quant remains long after the pre-scheduled number shows no change in the algo number and a one tick higher bump in the signal line. The Jobs Report was released minutes ago causing a spike up in futures markets but the numbers are settling back towards the flat line.
Watch to see if the market bulls can push above SPX 1283 to start the rally party again. Also, SOX 367.85, RTH 110.25, JJC 44.75 and CRB 314.26 will dictate broad market direction today. Semi's and retail support the markets on the bullish side while copper and commodities support the bears. One of these characters will make a move. The dollar is bouyant which shouild keep copper and the commodities in check. The SPX 12-month MA at 1280.33 is very important today, see if today's close is above or below.
1/8/12; 7:00 PM EST =
1/6/12; 9:00 AM EST = +20; signal line is +7
1/5/12; 3:40 PM EST = +20; signal line is +6
1/5/12; 2:27 PM EST = +6; signal line is +5
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