Keybot the Quant remains short as the holiday-shortened week is underway. The pre-scheduled number results in no change to the algo number but the signal line ticked one point lower. The RTH is remaining up above 41.15 so this creates the market bullishness today. The NYA, however, is at 7600 remaining short of the 7646 level that will verify a strong bullish rally in progress and sustainable. The 7646 level replaces the 7637 level mentioned in prior posts since this is the 40-week MA and is constantly changing in real-time.
The SPX punched thru 1324 so an upside acceleration was expected and the HOD print is 1331, a critical resistance level now being tested. Keep watching NYA 7646 since this will likely trigger Keybot to go long. Otherwise, Keybot remains short. The markets remain highly unstable.
6/3/12; 7:00 PM EST =
6/1/12; 9:00 AM EST =
5/31/12; 7:00 PM EST EOM =
5/29/12; 10:00 AM EST = -14 signal line -10
5/27/12; 7:00 PM EST = -14 signal line -9
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