Keybot the Quant is short but the algorithm appears poised to flip to the long side at the opening bell. The bears kept the futures negative overnight until the Jobs Report which catapults the S&P's up 7. The SPX likely needs to stay above 1418.18 (higher than the 1414 mentioned last evening) for several minutes for Keybot to lock in the move to the bull side. As the markets bounce at the opening bell, watch to see if the VIX stays above 15.85, or not. If so, then the bears may recover. If the VIX drops like a rock, the bulls will rule into the weekend. There is another pre-scheduled number on tap at 10 AM, so the action can be updated at mid-morning. Looks like the bulls are going to grab back control.
12/9/12;
7:00 PM EST =
12/7/12;
10:00 AM EST =
12/7/12; 9:00 AM EST
= +19; signal line is +6 but algorithm says stay short
12/5/12;
11:34 AM EST = +19; signal line is +6 but algorithm says stay short
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