Thursday, August 4, 2011

STOCK MARKET BEARISH -- SHORT

Keybot remains short as the markets tumble.  Copper turned bearish this morning as measured by the algorithm; this helped usher in the broad market negativity.  Yesteray's LOD at 1235 failed so this helps the bulls drive the indexes several handles lower, the SPX now has a 1227 handle.  Markets are highly unstable. Utilities, although red, have not broken down yet, they remain bullish as measured by the algorithm.

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 =
8/4/11; 9:30 AM EST = -56
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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