Tuesday, May 8, 2012

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short.  XLF failure at 15.18 at the open.  JJC tumbles lower, copper receiving a beating.  VIX jumps higher over 19.5.  RTH is 41.52 above the 41.35 so the bulls are hanging on by a thread with the retail sector.  Utility weakness helps bears. Semiconductors continue to collapse. SPX:VIX ratio is 69.52, above 68, so the bulls are hanging on.  The SPX fell thru the 1364 which accelerated the downside, price now printing 1359. Bears are pushing lower to start the day, watch XLF 15.18, RTH 41.35 and SPX:VIX ratio 68.

5/13/12; 7:00 PM EST =
5/11/12; 10:00 AM EST =
5/8/12; 9:30 AM EST = +0; signal line +22
5/7/12; 1:22 PM EST = +16; signal line +24
5/7/12; 12:45 PM EST = +32; signal line +25 but algorithm says stay short
5/7/12; 12:39 PM EST = +16; signal line +25

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