Keybot the Quant remains short and motored along on Wednesday without printing any numbers. The quant is now tracking VIX 17.70, RTH 44.00 and XLF 15.30. All three are bullish. If any of the three flip to the bear camp the broad indexes will weaken. Utilities are moving up but remain short of the UTIL 483 the bulls need. For the SPX today, starting at 1433, the bears need to push under 1430.50 to accelerate the market downside. The bulls need to push above 1441.50 to accelerate the market upside. A move thru 1432-1440 is sideways action. The futures are up 8 S&P's as this missive is typed so the bulls may make a run higher this morning after the opening bell. With utilities and semiconductors remaining weak, the bears remain in control despite any market rally move. Exercise caution. Volatility is increasing so the intraday market moves will increase in magnitude.
9/30/12; 7:00 PM EST EOM EOQ3 =
9/28/12; 10:00 AM EST =
9/25/12; 10:00 AM EST = +44; signal line is +57
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