Keybot the Quant is short, kicking off a number before the open today to take the model futher to the bear side. CRB is now fighting at the 312 level. UTIL has a 460 handle not near that critical 463 that the bulls need. Copper, JJC, is flatish at 50.34, but bullish traders are keeping it buoyant since they believe in a global recovery as well as further QE. SOX is at 436 ten points above the 426 level that would increase market selling. Watch the CRB 312 drama right now as well as UTIL 463. Markets remain unstable. The caution flag remains out this time until further downside confirmation occurs. The bulls need CRB 312 and UTIL 463 or they got nothing.
4/8/12; 7:00 PM EST =
4/6/12; 9:00 AM EST =
4/3/12; 8:00 AM EST = +46; signal line is +64
4/2/12; 2:13 PM EST = +60; signal line is +64
4/2/12; 9:37 AM EST = +46; signal line is +65
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