Trader Update - data 22 March 2011 -

Trading Environment:

-Institutional selling action _'selling limits' expanded _downtick in uptrend

-Long Term Trending Fed- and Foreign net-Liquidity Inflows _ 'uptick' _now in mid expansion

-VIX 20.61_long-term resistance 32.70_D/Vol sideways range_9 New Lows

-New Lows: 9_below danger 26-zone_below panic zone 50 (+)

-Leadership stock ratio: +o.29 bullish advantage

Confirming weakness:

-SPX 500  'sell' trigger March 15

-NYSE_(= hft-zone)_negative strength

Intraday: positive_mixed bias

Conservative: cash


Today's Session:


...the SPX 500 consolidated gains above the March 15 High *1288 to intraday *1293. Uptick power above the intraday Low so far subdued and further downside is possible to re-test the break-out zone *1281/*1288

...a successful defense of *1281/*1288 support keeps the index on track into the *1305/*1316 congestion with possible extensions reaching into the March Peak so far *1332_the February Peak *1344

Kind Regards