Keybot the Quant remains short and prints a number to begin the day. Retail stocks weaken creating broad market weakness. Watch RTH 75.77 now at 75.53 in the bear camp; bulls got nothing unless they can push RTH above 75.77. Watch SOX 649 now at 645. Bulls got nothing unless they can push SOX above 649. The longer that price remains under these two targets the more likely that the stock market will roll over to the downside.
Watch the retail stocks and semi's; bulls need both if they want to begin a new rally higher for the stock market. Bears win if both remain bearish. The LOD for SPX thus far is 2056. The beat goes on.
Watch the retail stocks and semi's; bulls need both if they want to begin a new rally higher for the stock market. Bears win if both remain bearish. The LOD for SPX thus far is 2056. The beat goes on.
5/22/16;
7:00 PM EST =
5/17/16; 9:49 AM EST
= +47; signal line is +66
5/17/16;
9:00 AM EST = +63; signal line is +67
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