STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short ahead of the all-important Jobs Report at 8:30 AM EST. Keybot prints a pre-scheduled number at 9 AM so the action can be updated at that time. Today is month-end. The algo was very active today printing a total of six numbers. RTH 41.16 will be important again tomorrow; it is now creating market bearishness at 41.01.

For the SPX starting at 1310, the bulls need to touch 1320 to accelerate the upside and start the weekend party early.  The bears need to push under 1299 to accelerate the downside. A move thru 1300-1319 is sideways action.  The Jobs Report will impact the futures so we can check before the open to see how the landscape looks. For Keybot to go long, the RTH will have to first regain the 41.16 level for starters. Tomorrow morning will provide high drama.

6/3/12; 7:00 PM EST =

6/1/12; 9:00 AM EST =

5/31/12; 7:00 PM EST EOM = -30 signal line -19

5/31/12; 3:49 PM EST = -30 signal line -18

5/31/12; 3:11 PM EST = -14 signal line -17 but algorithm says stay short

5/31/12; 1:25 PM EST = -30 signal line -17

5/31/12; 12:26 PM EST = -14 signal line -15 but algorithm says stay short