STOCK MARKET BEARISH -- SHORT

Keybot the Quant remains short through the weekend. The algo number is 47 points under the signal line, firmly bearish. The algo was very active in the Friday session as financials, utilities and volatility pushed the markets to and fro. UTIL lost the 483 trap-door level but the SPX only dropped about 10 handles off its intraday high. With UTIL under the 50-week MA (483), significant and extended market weakness would be expected moving forward. The important areas and levels of interest for next week can be identified once the Sunday pre-scheduled number prints tomorrow. The -15 print for the algo is the lowest number since 6/24/13 and 6/25/13 when -27 and -45 were printing which identified the June market bottom.

8/18/13; 7:00 PM EST =

8/16/13; 12:40 PM EST = -15; signal line is +32

8/16/13; 12:23 PM EST = -1; signal line is +34

8/16/13; 11:56 AM EST = +15; signal line is +35

8/16/13; 11:40 AM EST = +31; signal line is +36

8/16/13; 11:37 AM EST = +15; signal line is +38

8/16/13; 11:08 AM EST = -1; signal line is +39

8/16/13; 10:47 AM EST = +15; signal line is +41

8/16/13; 10:15 AM EST = -1; signal line is +42

8/16/13; 10:00 AM EST = +15; signal line is +44