Friday, April 1, 2011

Trader Update -data point 1 April 2011-

Trading Environment:
-Institutional selling action _'selling limits' expanded_downtrend 
-SPX 500  'buy' trigger March 25_C-RSI 30 +6.09 strength
-Long Term Trending Fed- and Foreign net- Liquidity Inflows _ 'sideways tick'_high expansion
-VIX 17.74_below 20 stress level_long-term resistance 32.70_D/Vol inside range_13 New Lows
-New Lows: 13_below danger 26-zone_below panic zone 50 (+)
-NYSE_(= hft-zone)_positive strength
-Leadership stock ratio: +2.02 bullish advantage

Confirming weakness:
-New Highs downtrend suggesting market fatique

---------------------------------- recommend:

positive intraday bias

Today's Session:
  • bullish: > *1319 on track to take out February Peak *1344_view to *1358
  • Close < *1319_consolidating range *1305/*1332
  • Close <*1305_bearish reversal to *1275 minimum
Kind Regards

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