Tuesday, August 2, 2011

STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short, clicking off a lower number a short time ago.  The 1275-1276 support gave way a short time ago ushering in broad market negativity, dropping the SPX several handles to 1271 before a bounce occurred.  The only way the bulls can stop the bleeding today is if they can get back above 1274.73 at a minimum. If not, the broad indexes will weaken further as the day progresses. Thus, watch closely as price comes up to test that 1274.73 level from the underside. Last print SPX 1274.06.

8/21/11; 7:00 PM EST =
8/16/11; 9:00 AM EST =
8/14/11; 7:00 PM EST =
8/12/11; 10:00 AM EST =
8/7/11; 7:00 PM EST =
8/5/11; 9:00 AM EST =
8/2/11; 11:09 AM EST = -40
7/31/11; 7:00 PM EST EOM = -26; signal line is +9
7/29/11; 10:00 AM EST = -26
7/28/11; 3:21 PM EST = -26

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.