Trader Update - data point 23 March 2011 -

Trading Environment:

-Institutional selling action _'selling limits' expanded_uptrend/downtrend decision pending

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

-VIX 20.21_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: +0.27 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 continued consolidating gains above the March 15 High *1288 to intraday *1284 and has managed a successful defense of the *1281/*1288 support so far 

...above *1281/*1288 support, the index remains on track into the *1305/*1316 congestion with possible extensions reaching into the March Peak so far *1332_the February Peak *1344

Kind Regards