Keybot the Quant is short to start the day. The pre-scheduled number results in no change to the algo number but the signal line moves lower by two ticks. TGT reported strong earnings and guidance which will help counteract the JCP bearish news. Watch RTH 41.38 and NYA 7628. S&P futures were down about seven four hours ago, now up eight, a 15 point move higher this morning. The bulls need 14 higher, however, to touch 1345, to accelerate the upside. Tech is not leading the broad market higher this morning so the upside should be limited.
5/20/12; 7:00 PM EST =
5/16/12; 9:00 AM EST = -16 signal line +1
5/15/12; 2:29 PM EST = -16 signal line +3
5/15/12; 11:39 AM EST = +0 signal line +5
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