Wednesday, March 16, 2011

Trader Update - data point 16 March 2011 -

Trading Environment:

-Institutional selling action - at a March High,  'selling limits' during strong bull phase
-VIX 24.32 (current market stress level: 20) _ D/Vol sideways _ 71 New Lows

bear trap risk

Confirming weakness:

-NYSE (=hft-zone) at negative strength
-SPX 500  'sell' trigger_ C-RSI 30 -1.35 strength
-New Lows: 71 - above danger 26-zone - above panic zone 50 (+)
-Long Term Trending Fed- and Foreign net-Liquidity Inflows 'sharp down tick' in mid expansion territory
-Leadership stock ratio: -0.83 bearish advantage

Today's Session:

 unchanged from yesterday. However, a potential lower target to bottom added:

-SPX 500 current *1215

Kind Regards

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