Keybot the Quant remains short. SPX:VIX ratio collapsed under 68 at the open, financials are weak, volatility spikes higher, copper continues the road lower, all are bearish indications. Further, RTH falls thru 41.35-ish at the open showing the retail sector now joining the bears. The market bulls have no hope unless they move the RTH back above 41.38. For the bears, to increase the carnage and lock in extended market weakness moving forward, the NYA needs to drop only about 80 or 90 points, to print under 7630, and the market bears will be growling stronger. NYA is now printing 7719.
5/20/12; 7:00 PM EST =
5/16/12; 9:00 AM EST =
5/14/12; 9:30 AM EST = -16; signal line +15
5/13/12; 7:00 PM EST = +0; signal line +16
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