Keybot the Quant remains short into the Thursday session. Keybot wants to go long (algo number is above the signal line) but the internals did not allow the move, thus, tomorrow will have to tell the tale. SOX leaked lower into the close but remains well above 372.80. XLF is also contributing bullishly staying above 15.68. The interesting aspect of today was that Keybot came within seconds of flipping long five different times this afternoon, but did not. Very interesting market behavior. For Thursday, for the SPX, starting at 1409, the bulls need to touch 1416 to create an upside acceleration. If the SPX touches 1416, Keybot will likely flip long. The bears need to move under 1398 to create a downside acceleration. A move thru 1399-1414 is sideways action. In a nutshell, watch SOX 372.80, XLF 15.68 and SPX 1416 to determine market direction.
12/7/12;
9:00 AM EST =
12/5/12; 11:34 AM EST
= +19; signal line is +6 but algorithm says stay short
12/5/12;
10:40 AM EST = +3; signal line is +5
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