Wednesday, May 11, 2016


Keybot the Quant remains bearish as stocks take a roller coaster ride this week; sideways choppy slop. The algo prints three numbers during the Wednesday session. The bears have the upper hand but stocks remain elevated; which is odd. Retail stocks took the pipe with RTH collapsing under 76.00 to 75.78. Market bears will send the stock market lower unless RTH rises above 76.00. Retail earnings will likely set the tone before the opening bell.

For the SPX starting at 2064 on Thursday, any smidge of negativity in the S&P futures and the SPX will accelerate lower into the 2050's. The bulls need to push above 2083 to accelerate the upside. A move through 2065-2082 is sideways action for Thursday. The bears are in the driver's seat even though stock prices remain elevated. Watch the retail stocks the RTH 76.00 will dictate broad market direction.

5/13/16; 10:00 AM EST =
5/11/16; 2:49 PM EST = +44; signal line is +72
5/11/16; 12:00 PM EST = +60; signal line is +73
5/11/16; 11:42 AM EST = +44; signal line is +74
5/8/16; 7:00 PM EST = +60; signal line is +74

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