Friday, June 22, 2012

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains bearish. Volatility is indecisive today starting out favoring the bulls but now favoring the bears. The RTH started out dropping into the bear camp but is now back in the bull camp.  Keep watching RTH 41.27, now printing 41.30. If 41.27 fails, the markets will take a strong leg lower. The VIX above 19 and moving higher will continue to create broad market negativity. The SPX:VIX ratio is printing 68.68. If 68 fails, the broad markets will make a strong move lower. If the ratio stays above 68, the markets will continue to experience buoyancy today.

6/24/12; 7:00 PM EST =
6/22/12; 10:19 AM EST = -14 signal line +4
6/22/12; 10:00 AM EST = +0 signal line +4
6/22/12; 9:52 AM EST = -16 signal line +3

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