Keybot the Quant remains short. The algo printed a number at the opening bell and then the pre-scheduled number occurred minutes ago. The algo number is now only eight points away from the signal line so the bulls are pushing to recover market control. RTH moved above 41.15 at the open so watch this closely. RTH above 41.15 will create market buoyancy all day long. If it drops back under, markets will weaken. The VIX remains elevated. The NYA is negative on the day so it is not making a run higher to attack the 40-week MA at 7637. The SPX touched the 1324 level that the bulls need for a strong upwards acceleration, but after a few seconds price fell back down.
Thus, RTH 41.15, NYA 7637 and SPX 1324 and 1310.50 will dictate broad market direction today. If the NYA moves above 7637, Keybot will likely flip to the long side so keep this in mind today. If RTH loses 41.15, markets will weaken today.
5/27/12; 7:00 PM EST =
5/25/12; 10:00 AM EST = -14 signal line -6
5/25/12; 9:30 AM EST = -14 signal line -5
5/20/12; 7:00 PM EST = -30 signal line -3
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