STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short to start the new week of trading. Futures are up at this writing on happy debt ceiling talk. For the SPX for Monday, the market bulls need to get up and over 1304, if so, that will trigger upside acceleration to test 1307, 1312, perhaps 1314. If the bulls cannot attain 1304+ tomorrow, then the day should have a sideways texture to it, SPX moving thru 1283-1303. Should the debt ceiling talk grow sour overnight, the market bears need to lose the 1283 handle during the Monday session. As soon as a 1282 handle would print, the sellers will move in to the markets in force, driving the indexes much lower in short order, creating fear.

For now, Sunday evening, the bulls are favored for Monday and that 1304+ number is key; this 1304+ level will decide the outcome between an upwards acceleration day versus an up and flatish day.  The algorithm prints out a pre-scheduled number on Friday morning. Monday's session should be active. Markets remain unstable and at the mercy of the news wires.

8/21/11; 7:00 PM EST =

8/16/11; 9:00 AM EST =

8/14/11; 7:00 PM EST =

8/12/11; 10:00 AM EST =

8/7/11; 7:00 PM EST =

8/5/11; 9:00 AM EST =

7/31/11; 7:00 PM EST EOM = -26; signal line is +9

7/29/11; 10:00 AM EST = -26

7/28/11; 3:21 PM EST = -26