Keybot the Quant remains short. The algorithm did not print any numbers after the pre-scheduled number this morning. The weak utilities and semiconductors create a negative atmosphere in the broad markets. Moving forward, watch VIX 17.65 and JJC 45.80. Both are contributing bullishly to markets now. If price violates either of these levels, the broad markets will continue lower.
For the SPX for Wednesday, starting at 1441, closing at the low, the bears have the easy road to hoe. If the futures are a tiny tinge of red overnight, the SPX will accelerate the move lower at the opening bell. The bulls must keep the futures green with all their might to stop the downside bleeding. In addition, bulls will try to boost the semiconductors and try to right the ship. A move across 1442-1462 is sideways action. The markets remain highly unstable and erratic. Exercise caution.
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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