Thursday, August 4, 2011

STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short the markets. Two algorithm numbers printed after lunch yesterday but only confirmed the continued bearishness.  For today, the SPX bulls only need one measly point higher to get above 1261 and the buyers will enter in force, but, the futures are red and negative.  The Claims data in minutes may change the futures picture.

Bears need to drive all the way down to 1235 again if they expect to reinitiate a strong down move. Watch copper since it will be key for any further downside potential.  If you see copper green and maintaining buoyancy, the indexes should continue to bottom.  If copper falls today, that will help the bear case out substantially, and, at this writing, copper has turned red this morning.  Watch copper closely today.  A move thru SPX 1236-1260 is sideways indecision.

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 =
8/3/11; 1:15 PM EST = -40
8/3/11; 12:28 PM EST = -56
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

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