Keybot the Quant remains short. The algo did not print any additional numbers today after the opening bell number. Keybot is tracking six sectors currently. Utilities, semiconductors, copper and volatility are in the bear camp causing negativity. Retail and commodities are in the bull camp causing positivity. Semi's and copper are firmly bearish so set them on the back burner. Watch UTIL 485.67, VIX 16.10, RTH 44.45 and GTX 4899. $GTX is the GS Commodities Index. The bulls need UTIL to move above 485.67 or VIX to move under 16.10. The bears need RTH to move below 44.45 or GTX below 4899. If all four remain as is, the markets will move sideways, otherwise, the broad indexes will move in the direction as dictated by any change to the four parameters listed.
For the SPX starting at 1434, the 50-day MA, the bulls need less than two points higher, to punch up thru 1435.50 and it will be off to the races higher, a test of 1440-1442 occurring in short order. The bears need to drop under 1422 to accelerate the downside into the 1403-1419 support zone. A move thru 1423-1434 is sideways action. The bears are in control. VIX 16.10 and RTH 44.45 are especially important on Tuesday. AAPL kept the bulls in the game today. The iPad Mini announcement is tomorrow. Watch AAPL closely.
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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