Tuesday, October 23, 2012

STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short. The algo is increasing in activity printing two numbers in the afternoon.  Watch RTH 44.47. This is a two-penny change from yesterday's level of interest. RTH closed at 44.46 only one penny on the bear side. Markets will rally if RTH moves above 44.47 but will remain weak below 44.47.  Watch GTX 4895.  The bulls will move markets higher if GTX regains 4895. For the SPX at 1413, the bulls need to touch the 1434 handle to create an upside thrust.  The bears need to push the SPX under 1408 to accelerate the downside.   A move thru 1409-1432 is sideways action. The bears are in full control with no worries. 

10/28/12; 7:00 PM EST =
10/26/12; 10:00 AM EST =
10/23/12; 3:31 PM EST = -16; signal line is +41
10/23/12; 2:39 PM EST = +0; signal line is +44
10/23/12; 9:30 AM EST = -16; signal line is +46

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