Keybot the Quant remains short as another strong selling session continues. Semiconductors fail today adding bear fuel to markets. Watch SOX 457.00, now at 450.22. Bulls need to regain the SOX 457 level. Moving forward, the algo is now tracking NYA 8786. Current NYA print is 8847 only about 60 points above. If NYA 8786 fails, the broad indexes will take yet another leg lower with the SPX heading towards the 1550's. The bears are driving the bus with the algo number 60 points under the signal line; firmly bearish.
6/25/13;
10:00 AM EST =
6/24/13; 9:31 AM EST
= -45; signal line is +15
6/23/13;
7:00 PM EST = -29; signal line is +18
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.