Keybot the Quant remains short to start the Thursday session. The pre-scheduled EOM print last evening reslts in a one point lower move for the signal line. Market bears remain in control with a 24 point spread in place between the algo number and signal line. The retail sector was active yesterday. Watch RTH 44.44, now bullish at 44.56. Watch GTX 4920 (commodities), now bearish at 4849. Watch XLF 15.60 (financials), now bullish at 15.90. Any changes to these three will push the broad indexes in that respective direction. For the SPX today starting at 1412, the bulls need to touch the 1419 handle and it will be off to the races higher with an immediate test of 1424. The bears need to push under 1406. If you see a 1405 handle the downside will dramatically accelerate lower and the critical 1403 support level will likely fail quickly leading to sub 1400 numbers. A move thru 1407-1418 is sideways action. Keybot will print a pre-scheduled number at 10 AM EST so the action can be updated at that time.
11/2/12; 9:00 AM EST =
11/1/12; 10:00 AM EST =
10/31/12; 7:00 PM EST EOM = +1; signal line is +25
10/31/12; 2:04 PM EST = +1; signal line is +26
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