Friday, May 11, 2012

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short. The pre-scheduled number results in no change.  Note that the SPX:VIX ratio lost the 68 level at the open but it was regained quickly, especially with the RTH remaining above 41.35 staying in the bull campWatch XLF 15.18, VIX 18.14, RTH 41.35 and SPX:VIX 68 since one of these will flinch and show the broad market direction ahead. RTH 41.35 is key today and right now does not want to join the bears, yet. If XLF and VIX remain bearish and RTH and SPX:VIX remain bullish, markets will travel sideways all day long.

5/13/12; 7:00 PM EST =
5/11/12; 10:00 AM EST = +0 signal line +17
5/9/12; 1:02 PM EST = +0 signal line +17
5/9/12; 12:44 PM EST = -16 signal line +18

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.