Wednesday, December 26, 2012


Keybot the Quant is short as the holiday ends and the Wednesday session is set to resume trading. Watch RTH 43.65, now at 43.82, on the bull side. Markets will weaken if RTH drops under 43.65. Markets will remain buoyant if the RTH stays above 43.65. The algo is also tracking VIX 16.05, UTIL 465.87 and XLF 15.88.  Volatility and utilites are bearish while financials are bullish. For the SPX today, starting at 1427, the bulls need to push above 1430, only three points higher, to create an upside acceleration. The bears need to push under 1425, only two points lower, to create a downside acceleration. Markets remain erratic and unstable.

12/30/12; 7:00 PM EST =
12/27/12; 10:00 AM EST =
12/24/12; 12:24 PM EST = +1; signal line is +14
12/24/12; 9:30 AM EST = -15; signal line is +13

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