Keybot the Quant remains short going into Thursday. The algo motored along all day today without printing any numbers during the session. With UTIL under 478.48 this week, the broad indexes should remain weak. UTIL 462.20 represents a hard fall for the markets. UTIL closed at 468.59. The semiconductors drifted lower today. Watch SOX 395.50 which will usher in broad market weakness. SOX closed at 398.53, only three points away. For the SPX, starting at 1461, the bulls need to touch 1465, only four points higher, and it will be off to the races to the upside. The bears need to push under 1458, only three points lower, and the markets will accelerate downward. A move thru 1459-1464 is sideways action. The bears are driving the bus but the fight contininues for control. The algo number is only two points away from the signal line. Stay alert and cautious. Bulls want to see UTIL 478.48. Bears want to see SOX 395.50.
9/23/12; 7:00 PM EST =
9/19/12; 9:00 AM EST = +60; signal line is +62
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