Keybot the Quant is short into the weekend. The markets suffered significant technical damage today and it gets worse come Monday's opening bell. UTIL closed under 485.67 so the algo will take another dip lower once the Monday bell rings to start a new week of trading. The bears are in full control of the markets. When Keybot takes another step lower at Monday's open, as long as the other sectors such as volatility stays higher, and copper stays lower, the caution flag may be removed since the bears will be on cruise control. The Sunday night futures will be interesting. The road map for next week including sectors and levels of interest can be provided after the Sunday pre-scheduled number prints.
10/21/12; 7:00 PM EST =
10/19/12; 12:15 PM EST = +30; signal line is +53
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