Friday, June 1, 2012

STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant remains short to start this last day of trading for the week.  The Monthly Jobs Report laid an egg; a disasterous report showing that there is no economic recovery occurring.  Futures markets are down large with the S&P's slated to tumble about 27 points.  This will easily slice thru the SPX 1299 highlighted last evening to accelerate the selling, and price will next likely fail the critical 1292-1293 area that represents the SPX 12-month MA and the edge of the cliff for markets. Obviously, very market bearish. Keybot is motoring along on the short side.

6/3/12; 7:00 PM EST =
6/1/12; 9:00 AM EST = -30 signal line -19
5/31/12; 7:00 PM EST EOM = -30 signal line -19

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