Monday, August 8, 2011

STOCK MARKET BEARISH -- SHORT

Keybot remains short, idling along calmly thru the chaos. A weaker number clicked off this morning and there were no other changes all day long. The algorithm has now gained over 200 handles from the SPX 1324 short entry 22 trading days ago. It will be interesting to see where the algo locks in the short side and flips long.  There is no sign of that yet, however, considering the -88 number is far below the signal line number.

Since the SPX closed at the lows, 1119, the bears are in full control and can simply accelerate the selling after the bell tomorrow with red futures.  The bulls need green futures overnight and will look to the China economic data for help. The bulls have to defend the 1119 level at all costs tomorrow, if it fails, then the market selling will accelerate lower once again.

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 =
8/8/11: 9:30 AM EST = -88
8/7/11; 7:00 PM EST = -72; signal line is -32

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