STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant flips back to the bear side this morning. The benchmark SPX index is dead flat on the year. The algo program is down -1.3% on the year and actual trading is off -4.1% in 2015.

4/5//15; 7:00 PM EST =

4/3/15; 9:00 AM EST =

4/1/15; 12:29 PM EST = +36; signal line is +39

4/1/15; 12:06 PM EST = +22; signal line is +40

4/1/15; 10:26 AM EST = +36; signal line is +41

4/1/15; 9:46 AM EST = +22; signal line is +42

4/1/15; 9:30 AM EST = +36; signal line is +43; go short 2064; (Benchmark SPX for 2015 = +0.2%)(Keybot algo this trade = -0.9%; Keybot algo for 2015 = -1.3%)(Actual results this trade = -1.1%; Actual results for 2015 = -4.1%)

3/31/15; 7:00 PM EST EOM = +36; signal line is +43 but algorithm remains long

3/31/15; 3:10 PM EST = +36; signal line is +44 but algorithm remains long

3/31/15; 12:42 PM EST = +52; signal line is +44

3/31/15; 12:06 PM EST = +36; signal line is +43 but algorithm remains long

3/31/15; 10:36 AM EST = +52; signal line is +43

3/31/15; 10:00 AM EST = +36; signal line is +42 but algorithm remains long

3/31/15; 9:54 AM EST = +34; signal line is +42 but algorithm remains long

3/31/15; 9:47 AM EST = +50; signal line is +43

3/30/15; 11:16 AM EST = +66; signal line is +43

3/30/15; 10:11 AM EST = +50; signal line is +42

3/30/15; 10:01 AM EST = +66; signal line is +42

3/30/15; 9:46 AM EST = +50; signal line is +41; go long 2082; (Benchmark SPX for 2015 = +1.1%)(Keybot algo this trade = +0.0%; Keybot algo for 2015 = -0.4%)(Actual results this trade = -0.4%; Actual results for 2015 = -3.0%)