STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains long after the low key Monday session. The algorithm did not click off any numbers yesterday.  Greece lingers in limbo so the markets do as well.  Watch retail and copper sectors closely, and volatility.  If the bulls come to play, then they will probably try to push these areas higher.  Utilities moved up yesterday so that is a feather in the bulls cap.  NYA stays below the 40 weeek MA which is a feather in the bears cap.

For today for the SPX, the bulls only have to push higher a couple of points, to 1280.42, if they achieve that, and it's looking that way from the futures, then the buying will accelerate a few more handles higher.  Resistance at 1282, 1286, 1289, 1293. The bears would need to push the SPX 11 points lower to get under 1268.  If the bears cannot do this, they got nothing today.

Markets remain unstable and are very much at the mercy of the Europe decisions coming.

7/3/11; 7:00 PM EST =

7/1/11; 10:00 AM EST =

6/30/11; 7:00 PM EST EOM =

6/28/11; 10:00 AM EST =

6/26/11; 7:00 PM EST =

6/19/11; 7:00 PM EST = -42; signal line is -28

6/17/11; 12:17 AM EST = -42

6/17/11; 11:12 AM EST = -28; signal line is -27

6/17/11; 11:02 AM EST = -42

6/17/11; 10:47 AM EST = -28; signal line is -26

6/17/11; 10:23 AM EST = -42

6/17/11; 10:00 AM EST = -28; signal line is -25

6/17/11; 9:32 AM EST = -28

6/16/11; 9:00 AM EST = -42

6/15/11; 11:38 AM EST = -42

6/15/11; 11:31 AM EST = -28

6/15/11; 11:20 AM EST = -12; signal line is -23 but algorithm says stay short

6/14/11; 9:30 AM EST = -28; signal line is -24

6/13/11; 3:35 PM EST = -42

6/13/11; 1:59 PM EST = -28; signal line is -23

6/13/11; 11:51 AM EST = -42

6/12/11; 7:00 PM EST = -28

6/10/11; 1:54 PM EST = -28; signal line is -21

6/10/11; 1:45 PM EST = -42

6/10/11; 10:06 AM EST = -28; signal line is -18; go short 1277; (Benchmark SPX for 2011=+1.5%)(Keybot this trade=-1.0%; Keybot for 2011=+5.4%)(Actual this trade via DIA=-1.1%; Actual for 2011=-0.1%)