Tuesday, April 12, 2011

Trader Update -data point 12 April 2011-

Trading Environment:
-Institutional selling action _'selling limits' expanded_downtrend at inflection point_higher risk of trend reversal
-SPX 500 'buy' trigger March 25_C-RSI 30 +4.95 strength
-Long Term Trending Fed- and Foreign net- Liquidity Inflows _ 'downtick'_ in high expansion territory
-VIX 16.95_below 20 stress level_long-term resistance 32.70_D/Vol inside range_16 New Lows
-New Lows: 16_below danger 26-zone_below panic zone 50 (+)
-New Highs_low +103
-NYSE_(= hft-zone)_positive strength_< C-RSI +5.00
-Leadership stock ratio: +0.66 bullish advantage                                                                                                                              

Confirming weakness

-Short term liquidity trend_inflection point_higher risk for more downside
-VIX > 15.23 support = negative for sustaining bull market
Stocktiming.com recommend:

negative intraday bias
Conservative: higher risk holding long position

Today's Session:
  • bullish: > *1324 on track to take out February Peak *1344_view to *1379
  • Close < *1324_consolidating range *1313/*1338
  • Close <*1313_high risk for bearish reversal to *1303/ *1280 minimum
Kind Regards

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