Thursday, June 2, 2011

STOCK MARKET BEARISH -- SHORT

Quiet day today compared to Wednesday's excitement. Keybot remains short into the all important jobs report tomorrow morning.  The algorithm clicks off a pre-scheduled number at 9 AM.

All major sectors, as measured by Keybot, are in the bear camp except utilities. The jobs data is pivotal so very little matters until then.

For tomorrow, if the market bulls can touch the SPX 1318 handle, they can grab the momo back and accelerate the indexes higher.  If the SPX drops down to a 1305 handle, then the market bears plan on accelerating the selling into the weekend.

7/3/11; 7:00 PM EST =
6/30/11; 7:00 PM EST =
6/28/11; 10:00 AM EST =
6/26/11; 7:00 PM EST =
6/24/11; 10:00 AM EST =
6/19/11; 7:00 PM EST =
6/16/11; 9:00 AM EST =
6/12/11; 7:00 PM EST =
6/10/11; 10:00 AM EST =
6/5/11; 7:00 PM EST =
6/3/11; 9:00 AM EST =
6/2/11; 10:53 AM EST = -28
6/2/11; 10:32 AM EST = -14
6/1/11; 3:23 PM EST = -28
6/1/11; 2:57 PM EST = -14
6/1/11; 2:42 PM EST = -28
6/1/11; 11:34 AM EST = -14
6/1/11; 10:44 AM EST = +2; signal line is +5; go short 1331; (Benchmark SPX for 2011=+5.8%)(Keybot this trade=-0.3%; Keybot for 2011=+3.3%)(Actual this trade via SPY=-0.8%; Actual for 2011=-1.5%)

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