Saturday, October 13, 2012

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short into the weekend.  UTIL fell on its sword as the day progressed and closed under the 478.43 number which is important all thru next week. Bears should maintain market control as long as UTIL is under 478.43. The utilities and semiconductor sectors is what created the move down from the market top over the last month. The retail sector may be rolling over next. Retail Sales data is released on Monday.  RTH 44.40 will have to be watched closely. Volatilty and copper will also be important. Next week's areas and levels of interest that most greatly affect market direction can be indentified tomorrow after the pre-scheduled number prints.

10/14/12; 7:00 PM EST =
10/12/12; 10:00 AM EST = +44; signal line is +56

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