Monday, July 9, 2012

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains on the short side as the algo prints seven numbers today. The NYA failure at 7738 (the level of interest at the start was 7717 but this immediately increased to 7738) created the market negativity. NYA closed only one single point under 7738 so watch this like a hawk at the opening bell Tuesday morning. Bears need to keep it under while bulls need to move it above.  Lots of drama with XLF at the 14.40 level all day long.  How does Keybot know these numbers to watch in advance? The bulls are holding onto XLF overnight but watch 14.40 again tomorrow. The quant is now also interested in the CRB which moved up strongly today.  If the CRB moves above 295.50, only a couple points above the current level, the bulls may cause Keybot to flip back to the long side.

For the SPX starting at 1352, the bulls need to touch the 1355 handle and the upside will accelerate.  The bears need to push under 1347 and the downside will accelerate.  A move thru 1348-1353 is sideways action. In a nutshell, NYA 7738, XLF 14.40 and CRB 295 will tell the market story for Tuesday. Caution is required.

7/15/12; 7:00 PM EST =
7/13/12; 10:00 AM EST =
7/9/12; 2:59 PM EST = +16; signal line is +38
7/9/12; 2:40 PM EST = +0; signal line is +38
7/9/12; 1:20 PM EST = +16; signal line is +39
7/9/12; 1:07 PM EST = +0; signal line is +40
7/9/12; 12:10 PM EST = +16; signal line is +39
7/9/12; 11:55 AM EST = +0; signal line is +38
7/9/12; 9:30 AM EST = +16; signal line is +37
7/8/12; 7:00 PM EST = +30; signal line is +35

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