STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains on the short side.  The pre-scheduled number leaves the algo unchanged. Markets are jumpy this morning so Keybot should print out some numbers in the early going.  A snap back rally would be expected now; we will see if the jobs report better-than-expected number helps.

The market bears only need to push the SPX a half point lower to accelerate the selling again. The bulls will be content with a sideways move today.  The utilties failed yesterday at UTIL 418.37, as an initial warning, then, at the 50 week MA, which represented the trap door for the broad markets, which occurred. Watch the 50 week MA for UTIL, now at 413.21, this is an extremely important number.  UTIL begins the day with a 410 handle. Staying below and the broad market bears maintain control on the indexes; above 413.21, and the bulls will start a snap back rally. Markets remain highly unstable.

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 = -88

8/4/11; 3:29 PM EST = -88

8/4/11; 2:34 PM EST = -72

8/4/11; 2:25 PM EST = -88

8/4/11; 11:45 AM EST = -72

8/4/11; 9:30 AM EST = -56

8/3/11; 1:15 PM EST = -40

8/3/11; 12:28 PM EST = -56

8/2/11; 11:09 AM EST = -40