Trader Update -data point 15 April 2011-

Trading Environment:

                                                                                                                           

-SPX 500 'buy' trigger March 25_C-RSI 30 weak +2.73 strength

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

-VIX 16.27_below 20 stress level_long-term resistance 32.70_D/Vol inside range_22 New Lows

-New Lows: 22_below danger 26-zone_below panic zone 50 (+)
-NYSE_(= hft-zone)_C-RSI 30 < weak +5.00 strength_NYA-Momentum (+)
                                                                                                                             

Confirming weakness

                                                                                                                            

-Institutional selling action_uptrend_risk of high volatility

-Short term liquidity trend_'uptick'_in contraction territory
-Leadership stock ratio: -1.84 bearish advantage

-New Highs Trending Indicator: 57 < 180 minimum target

-VIX > 15.23 support = negative for sustaining bull market 

                                                                                                                           

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Stocktiming.com recommend:

-negative to mixed intraday bias

-Conservative: higher risk holding long position_C-RSI 30 < +5 strength

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Today's Session:

• bullish: > *1324 on track to take out February Peak *1344_view to *1379/*1410

• 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 *1378

 ...index needs to clear April 13 High *1321 for today's bounce to grip; otherwise expect more downside into 'target buy' level

...with inflowing liquidity levels upticking, market appears supported around 'target buy' level
...a weekly Close SPX500  > April 13 High *1321 = bullish

Kind Regards