STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short. Volatility exploded upwards in the final 45 minutes slapping the indexes south. Today is a large feather in the bears cap.  For the bears to push lower another sector will have to turn bearish and the two candidates are retail, RTH, and semiconductors, SOX. Keybot clicks off a number at 9 AM so the Thursday session can be set up at that time. Interestingly, the algo turned short at SPX 1247 and watched price head upwards to 1264, 17 handles in the wrong direction, before price came back down and is now at 1237, 10 handles below. Markets remain highly unstable.

11/30/11; 7:00 PM EST EOM =

11/29/11; 10:00 AM EST =

11/27/11; 7:00 PM EST =

11/25/11; 10:00 AM EST =

11/20/11; 7:00 PM EST =

11/17/11; 9:00 AM EST =

11/16/11; 3:11 PM EST = -24; signal line is -12

11/16/11; 1:26 PM EST = -10; signal line is -12 but algorithm says stay short

11/16/11; 9:30 AM EST = -24; signal line is -12

11/15/11; 3:58 PM EST = -10; signal line is -12 but algorithm says stay short

11/15/11; 1:36 PM EST = +6; signal line is -10 but algorithm says stay short

11/15/11; 12:35 PM EST = -10; signal line is -10 but algorithm says stay short

11/15/11; 11:27 AM EST = -24; signal line is -9; go short 1247; (Benchmark SPX for 2011=-0.9%)(Keybot this trade=-0.3%; Keybot for 2011=+24.0%)(Actual this trade via SPY=-0.7%; Actual for 2011=+28.2%)