Keybot the Quant remains short. Minutes ago, retail failed. The algo is constantly recalculating so the RTH level of interest moved up this morning from 109.40 to 109.62. This level failed and the RTH is now printing 109.50. Watch to see if the weakness stays for ten minutes. If so, the markets will weaken considerably. If RTH can move back above 109.62, broad markets will bounce. The SPX 1215 level failed this morning leading the way lower to test 1209 as projected in the previous post.
Note Added 12/19/11 at 1:55 PM: As the message above was typed, RTH popped back above 109.62 and is now printing 109.85. The bulls saved the day--for now. Keep watching RTH 109.62 the remainder of the day since it will determine broad market direction.
Note Added 12/19/11 at 1:55 PM: As the message above was typed, RTH popped back above 109.62 and is now printing 109.85. The bulls saved the day--for now. Keep watching RTH 109.62 the remainder of the day since it will determine broad market direction.
1/1/12; 7:00 PM EST EOM EOQ4 EOY2011 =
12/27/11; 10:00 AM EST =
12/25/11; 7:00 PM EST =
12/22/11; 10:00 AM EST =
12/20/11; 9:00 AM EST =
12/19/11; 1:38 PM EST = -42; signal line is -5
12/18/11; 7:00 PM EST = -26; signal line is -4
12/15/11; 9:30 AM EST = -26; signal line is -3
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