Keybot the Quant remains long moving into the Tuesday session. The algo idled along to start the week without printing any numbers. The quant is interested in three areas. Watch SOX 393, UTIL 464.31 and VIX 18.25. If any of these three parameters turn bearish (SOX under 393, or UTIL under 464.31 or VIX over 18.25), Keybot the Quant will likely flip to the bear side. For the SPX starting at 1429, the market bears only need a smidge of red in the futures overnight and the SPX will accelerate lower at the opening bell, falling thru 1427 and moving towards 1424, 1422 and 1419. The bulls must prevent negative futures with all their might and after the opening bell push the SPX upwards to touch the 1439 handle. If so, that will accelerate an upside move, taking out the important 1440.24 resistance and moving towards 1446. A move thru 1430-1438 is sideways action. Markets are erratic and unstable and a turn may be imminent. Focus on SOX 393 which will tell you the answer for Tuesday.
9/16/12; 7:00 PM EST =
9/14/12; 10:00 AM EST =
9/9/12; 7:00 PM EST = +76; signal line is +63
9/7/12; 9:00 AM EST = +76; signal line is +63
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