STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short. Despite the big drop in the indexes this morning, the algorithm idled along and did not click off any numbers today.  Keybot clicks off a pre-sheduled number tomorrow at 10 AM.

Keybot's scans continue to focus on the standoff between bullish utilities, retail, commodities and volatility versus bearish semi's, copper and financials. Interestingly, the SPX sits at 1315 exactly where the algorithm flipped short on Tuesday.  Watch the behavior of the sectors mentioned for hints on market direction.

Also, if the SPX hits a 1317 handle the market bulls will accelerate the buying and Keybot may move to the long side.  If the SPX touches a 1302 handle then the bears will accelerate the selling.  Obviously, the bulls are in a better position to wrestle back control of the markets going into tomorrow but several economic data points and China overnight may affect the outcome.  Stay on guard.  Markets remain unstable.

5/1/11; 7:00 PM EST; EOM =

4/29/11; 10:00 AM EST =

4/26/11; 9:00 AM EST =

4/24/11; 7:00 PM EST =

4/19/11; 9:00 AM EST =

4/17/11; 7:00 PM EST =

4/15/11; 10:00 AM EST =

4/13/11; 9:42 AM EST = +28

4/13/11; 9:30 AM EST = +44; signal line is +46

4/12/11; 3:18 PM EST = +28

4/12/11; 2:06 PM EST = +44; signal line is +47

4/12/11; 11:49 AM EST = +28

4/12/11; 10:44 AM EST = +14

4/12/11; 10:26 AM EST = +30

4/12/11; 10:19 AM EST = +14

4/12/11; 10:06 AM EST = +28; signal line is +49

4/12/11; 9:56 AM EST = +44; signal line is +48; go short 1315; (Benchmark SPX for 2011=+4.5%)(Keybot this trade=-0.5%; Keybot for 2011=+1.7%)(Actual this trade via SSO=-1.4%; Actual for 2011=-0.1%)

4/12/11; 9:35 AM EST = +44; signal line is +47 but algorithm says stay long