STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short moving into the Friday session. The market bears are performing damage on the broad markets. The break down of the financials yesterday, XLF though the 17.95 level, is very negative moving forward. Therefore, watch this closely today to see if the bulls show signs of life by moving XLF back above 17.95. The markets will trend lower as long as XLF stays under 17.95. For the SPX today, starting at 1542, with the bulls saving the markets yesterday preventing failure at 1540, for now, the bulls need to punch up through 1554 and it will be smooth sailing for the upside. The bears need to send the SPX under 1536 and price will be in the 1520's quickly. A move through 1537-1553 is sideways action. Markets remain unstable.

4/21/13; 7:00 PM EST =

4/18/13; 9:51 AM EST = +0; signal line is +33

4/17/13; 1:38 PM EST = +16; signal line is +34