Keybot the Quant is long but the markets are changing quickly. The bulls are giving up the ghost. The algo is very active this morning and note that the algo number is now within 3 points of the signal line which would indicate a preference for Keybot to flip to the short side. If watching today, you see the failures in NYA, VIX and SOX mentioned in this mornings missive. Right now, the financials, XLF, are holding up the ship, barely. XLF is printing 14.36. The quant is focused on 14.35 only a penny lower. If the XLF remains under the 14.35 for seven to ten minutes continuously, Keybot will be on the verge of going short the markets, so watch this closely. The caution flag is out again, the bull fun is over. The bulls and bears are fighting it out right now. Moody's is anticipated to release news on bank downgrades today which may determine the fate of the markets since XLF will immediately react. Stay alert, a market turn may be imminent.
6/24/12; 7:00 PM EST =
6/21/12; 12:21 PM EST = +2 signal line -1
6/21/12; 12:03 PM EST = +16 signal line -2
6/21/12; 11:53 AM EST = +30 signal line -3
6/21/12; 11:34 AM EST = +16 signal line -5
6/21/12; 9:42 AM EST = +30 signal line -6
6/20/12; 12:44 PM EST = +46 signal line -8
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