Keybot the Quant remains long. RTH stayed above 41 from the opening bell and never looked back, traveling higher all day long adding bull fuel for the markets, and closing at 41.66. The SPX dropped thru 1313 so this created the downside acceleration to 1307 as projected but with the RTH above 41, the bulls were in control and ran the markets higher the rest of the day. Bulls need to push thru the NYA 40-week MA to push markets another leg higher but fell short of that goal. The potential Spain bailout has long traders salivating over an easy money market pump. The two parameters above remain important for next week. The parameters to watch for Monday will be posted once the standard Sunday print occurs tomorrow.
6/10/12; 7:00 PM EST =
6/6/12; 11:02 AM EST = -14; signal line is -23; go long 1305; (Benchmark SPX for 2012 = +3.7%)(Keybot this trade = +5.6%; Keybot for 2012 = +7.2%)(Actual this trade = +5.4%; Actual for 2012 = +7.4%)
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