STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short after the pre-scheduled number printed at 9 AM. After the open, the market bulls ran higher, touching the 1316 handle, thus, accelerated upside would be expected. The 1318 resistance was attacked first and took three tries for price to bust up thru. SPX S/R of 1312, 1314, 1316, 1318, 1321, 1323 and 1326 now in play.

Since the SPX broke up thru 1316 today, the upper levels have a good chance of being tested today; 1321, 1323, 1326. Note that the SPX 20 day MA is now above the 50 day MA and price is above both MA's, which is considered bullish.  RSI at 52% favors bulls while stochastics and money flow under 50% favors bears. Markets remain unstable, stay on guard.

7/31/11; 7:00 PM EST EOM =

7/29/11; 10:00 AM EST =

7/26/11; 10:00 AM EST =

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

7/19/11; 9:00 AM EST = +4; signal line is +19

7/18/11; 3:54 PM EST = +4; signal line is +17

7/18/11; 10:06 AM EST = -10

7/17/11; 7:00 PM EST = +4; signal line +15

7/15/11; 10:00 AM EST = +4

7/11/11; 10:34 AM EST = +4; signal line is +12; go short 1324; (Benchmark SPX for 2011=+5.3%)(Keybot this trade=+3.0%; Keybot for 2011=+7.8%)(Actual this trade via IWM=+3.7%; Actual for 2011=+2.8)