Wednesday, May 9, 2012

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short. RTH lost the 41.35 at the opening bell but has now regained this important level.  The SPX fell thru 1348 to accelerate lower to 1343 but is bouncing strongly with the stronger retail sector. Keep watching RTH 41.35, SPX:VIX 68 and XLF 15.18. The markets are receiving a recovery bounce right now but remain bearish under the surface.

5/13/12; 7:00 PM EST =
5/11/12; 10:00 AM EST =
5/9/12; 10:47 AM EST = +0 signal line +19
5/9/12; 9:30 AM EST = -16 signal line +19
5/8/12; 1:20 PM EST = +0; signal line +20
5/8/12; 10:00 AM EST = -16; signal line +21

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