Trader Update -data point 11 April 2011-

Trading Environment:

                                                                                                                           

 

-Institutional selling action _'selling limits' expanded_downtrend weakened_high risk for increasing institutional selling

-SPX 500 'buy' trigger March 25_C-RSI 30 +5.95 strength

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

-VIX 17.87_below 20 stress level_long-term resistance 32.70_D/Vol inside range_10 New Lows

-New Lows: 10_below danger 26-zone_below panic zone 50 (+)

 

-New Highs_potential for new uptrend

-NYSE_(= hft-zone)_positive strength_< C-RSI +5.00

-Leadership stock ratio: +1.34 bullish advantage                                                                                                                             

Confirming weakness

                                                                                                                                                                                                                                                    

 

-Short term liquidity trend_higher risk for a corrective move

                                                                                                                          

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Stocktiming.com recommend:

negative to mixed intraday bias with short term liquidity expanded_downtick

Conservative: hold long position

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Today's Session:

• bullish: > *1324 on track to take out February Peak *1344_view to *1377
• Close < *1324_consolidating range *1312/*1338
• 1312 Close <*1312_high risk for bearish reversal to *1304/ *1280 minimum

Kind Regards