Friday, March 25, 2011

Trader Update -data point 25 March 2011-

Trading Environment:
 -SPX 500  'buy' trigger pending_ C-RSI 30 +3.37 strength
-Institutional selling action _'selling limits' expanded_downtrend
-Long Term Trending Fed- and Foreign net- Liquidity Inflows _ 'uptick' _ mid expansion
-VIX 18_below 20 stress level_long-term resistance 32.70_D/Vol sideways range_13 New Lows
-New Lows: 13_below danger 26-zone_below panic zone 50 (+)
-NYSE_(= hft-zone)_positive strength
-Leadership stock ratio: +0.55 bullish advantage recommend:

positive intraday bias
11am: SPX 500 'buy' Alert

Today's Session:

...the SPX 500 pushing higher again today breaking above above the *1305/*1316 congestion intraday suggesting potential upside extension into the March Peak current *1332_the February Peak *1344 on track

... looking ahead,  the current March Peak *1332_the February Peak *1344 resistance will be a formidable barrier from where an overbought sell-off will force the index to correct into the current *1254/*1265 zone  minimum

Kind Regards

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