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