Keybot the Quant remains short and prints the first number for this week yesterday slipping more into the bear camp. Focus on retail stocks specifically the RTH 76.47 bull-bear line in the sand. RTH begins the day at 76.45 two pennies in the bear camp creating broad market negativity. If RTH heads lower the stock market will weaken; if RTH recovers above 76.47 heading higher equities will rally.
For the SPX starting at 2075, the bears only need a smidge of red in the S&P futures and the SPX will accelerate lower after the opening bell. S&P futures are down -2. The bulls need to push the SPX above 2087 to regain their mojo. A move through 2076-2086 is sideways action. The bears are in charge with the algo number 34 points below the signal line.
11/13/15;
10:00 AM EST =
11/11/15; 3:05 PM EST
= +3; signal line is +37
11/8/15;
7:00 PM EST = +19; signal line is +38
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