STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short as the Monday session moves along. The algorithm clicked off a lower number at 10 AM reinforcing the broad market downside.  Markets remain unstable so continue to expect wild moves in the markets.

The NYA 40 week MA cross failed this morning indicating a move by the indexes towards secular bear markets.  This occurred last month only to recover so simply watch this cross moving forward for hints on market direction. Retail, RTH, is maintaining price above 109 which is the level Keybot is scanning currently. As long as RTH remains above 109, this broad market selling should be limited. If RTH 109 fails then further broad market downside would be expected.

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 =

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)