Keybot the Quant remains short and note that after these many weeks of sideways action, the caution flag is now removed. The bears are cruising. The utilities sector moves lower; UTIL at 480.75 well under 485.67. Copper remains lower and volatility higher. The algo is now locking on to retail, the RTH, and tracking 44.45. RTH is now printing 44.57 only 12 pennies away. The broad indexes will take a strong leg lower if the RTH 44.45 is lost. The commodities sector is coming back in play as well. The SPX is testing the 1430 level right now, failure would lead to a test of 1424 in short order.
10/28/12; 7:00 PM EST =
10/26/12; 10:00 AM EST =
10/22/12; 9:30 AM EST = +14; signal line is +49
10/21/12; 7:00 PM EST = +30; signal line is +52
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