STOCK MARKET BEARISH -- SHORT -- CAUTION

Keybot the Quant flips to the short side shortly after today's opening bell at SPX 1435. Copper is collapsing over the last couple days, the JJC dropping one buck today. Utilities remain weak, volatility remains high, commodities remain weak, and retail is weakening today. For the last trade, the program gained about one-half percent but the actual trading was flat.  Keybot exited the DIA position and entered DOG. The bears are driving the bus now.  As always, especially in these markets, stay alert for a whipsaw move back to the long side today or tomorrow.

12/23/12; 7:00 PM EST =

12/21/12; 10:00 AM EST =

12/20/12; 9:44 AM EST = +1; signal line is +14; go short 1435; (Benchmark SPX for 2012 = +14.1%)(Keybot this trade = +0.6%; Keybot for 2012 = +20.8%)(Actual this trade = +0.1%; Actual for 2012 = +18.1%)

12/19/12; 11:54 AM EST = +1; signal line is +14 but algorithm says stay long

12/19/12; 11:34 AM EST = +17; signal line is +15

12/19/12; 11:06 AM EST = +1; signal line is +14 but algorithm says stay long

12/19/12; 10:36 AM EST = +17; signal line is +15

12/19/12; 9:53 AM EST = +1; signal line is +16 but algorithm says stay long

12/19/12; 9:31 AM EST = +17; signal line is +16

12/19/12; 9:00 AM EST = +33; signal line is +16

12/18/12; 10:30 AM EST = +33; signal line is +17

12/16/12; 7:00 PM EST = +17; signal line is +16

12/12/12; 3:28 PM EST = +17; signal line is +16

12/12/12; 12:39 AM EST = +33; signal line is +16

12/12/12; 9:54 AM EST = +17; signal line is +13

12/11/12; 3:52 AM EST = +33; signal line is +12

12/11/12; 2:59 PM EST = +17; signal line is +11

12/11/12; 9:52 AM EST = +33; signal line is +11

12/11/12; 9:35 AM EST = +17; signal line is +10; go long 1426; (Benchmark SPX for 2012 = +13.4%)(Keybot this trade = -1.4%; Keybot for 2012 = +20.2%)(Actual this trade = -1.5%; Actual for 2012 = +18.0%)