Trader Update -data point 13 April 2011-

Trading Environment:

                                                                                                                           

-SPX 500 'buy' trigger March 25_C-RSI 30 weak +2.53 strength

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

-VIX 17.09_below 20 stress level_long-term resistance 32.70_D/Vol inside range_21 New Lows

-New Lows: 21_below danger 26-zone_below panic zone 50 (+)
-NYSE_(= hft-zone)_weak positive strength_C-RSI below +5.00

-Leadership stock ratio: +0.13 bullish advantage                                                                                                                              

Confirming weakness

                                                                                                                            

 

-Institutional selling action _'selling limits' expanded_crossover to nascent uptrend_risk of high volatility

-Short term liquidity trend_potential rebound_high volatility

-New Highs_negative 24

-VIX > 15.23 support = negative for sustaining bull market

 

                                                                                                                           

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Stocktiming.com recommend:

-negative intraday bias with initial strong Open

-Conservative: higher risk holding long position

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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/*1300/ *1280 minimum 

• Strategy: expecting a successful defense -buy *1282 -stop *1267 -target *1375

Kind Regards