Friday, June 24, 2011

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot remains short; the algorithm clicking off a number a short time ago.  NYA is under the 40 week MA and SPX:VIX is under 68 paving the way for the bears early in the session.  The high TRIN verifies the early selling pressure. If the TRIN continues to use the 1.8-2.0 as a ceiling and falls from here back towards one, then the broad markets will be buoyant the remainder of the session.

RTH fell over a point after the open so the broad market bulls did not come to play today.  Watch RTH 107.34 area today; RTH is now below here favoring the bears.

SPX bounced off 1270 support. SPX 200 day MA at 1263 continues to hold. Markets remain unstable.

7/10/11; 7:00 PM EST =
7/8/11; 10:00 AM EST =
7/3/11; 7:00 PM EST =
6/30/11; 7:00 PM EST EOM =
6/28/11; 10:00 AM EST =
6/26/11; 7:00 PM EST =
6/24/11; 9:45 AM EST = -42
6/23/11; 3:51 PM EST = -28; signal line is -30 but algorithm says stay short
6/23/11; 9:31 AM EST = -42
6/22/11; 2:41 PM EST = -28; signal line is -30 but algorithm says stay short
6/22/11; 1:30 PM EST = -14; signal line is -30 but algorithm says stay short
6/22/11; 1:08 PM EST = -28; signal line is -30 but algorithm says stay short
6/22/11; 12:52 PM EST = -14; signal line is -30 but algorithm says stay short
6/22/11; 12:01 PM EST = -28; signal line is -29 but algorithm says stay short
6/22/11; 11:03 AM EST = -14; signal line is -28 but algorithm says stay short
6/22/11; 9:30 AM EST = -28
6/21/11; 2:44 PM EST = -12; signal line is -28 but algorithm says stay short
6/21/11; 9:30 AM EST = -28; signal line is -28

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