Thursday, August 4, 2011

STOCK MARKET BEARISH -- SHORT

Keybot continues to ride the markets lower. A -72 number now prints, strongly bearish for equities. Major failure today in utilities. Utes have been a bull friend for many months but this changed minutes ago.  UTIL lost the 418.37 level which ushers in a downtrend for utes which casts increased negativity on the broad markets.  The broad market selling will stay in check, however, if the UTIL stops sliding.

The 50 week MA for UTIL is 413.33.  This represents a trap door level for the broad markets.  UTIL last print is 416.72, three points above.  Markets will stablize in here at these low levels but if the 413.33 level fails for UTIL, the broad markets will go into free fall within minutes and most probably double the huge losses you see now.  Stay tuned. If UTIL holds the 50 week MA and drifts back up, watch to see if it can regain that 418.37 level, or not. Watch UTIL 418.37 and 413.33 like a hawk today.

Market instability is obvious to everyone now as a result of today's action.  The algorithm has been showing and commenting on this stability problem for many weeks.

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; 11:45 AM EST = -72
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

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