Monday, April 18, 2011

Trader Update - data point 18 April 2011 -

Trading Environment:
                                                                                                                           
-SPX 500 'buy' trigger March 25_C-RSI 30 weak +3.82 strength
-Long Term Trending Fed- and Foreign net- Liquidity Inflows _ 'uptick'_ in high expansion territory
-VIX 15.32_below 20 stress level_long-term resistance 32.70_D/Vol inside range_13 New Lows
-New Lows: 13_below danger 26-zone_below panic zone 50 (+)
-NYSE_(= hft-zone)_C-RSI 30 < +5.00 strength_positive NYA-Momentum
                                                                                                                             

Confirming weakness
                                                                                                                            
-Institutional selling action_stalling uptrend_risk of high volatility
-Short term liquidity trend_'uptick'_in contraction territory_high volatility
-Leadership stock ratio: +43 neutral/bullish advantage
-New Highs Trending Indicator: 81 < 180 minimum target
-VIX > 15.23 support = negative for sustaining bull market 
                                                                                                                           
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Stocktiming.com recommend:

-mixed intraday bias
-Conservative: higher risk holding long position_C-RSI 30 < +5 strength
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Today's Session:
  • bullish: > *1323 on track to take out February Peak *1344_view to *1379/*1410
  • Close < *1323_consolidating range *1315/*1338
  • Close <*1315_high risk for bearish reversal to *1303/*1300/ *1284 minimum 
  • Strategy: -buy *1320 -stop *1300 -target *1378 (+)
 ...chances are, the index will test *1284; a successful defense in that level will set the index back on track to take out February Peak *1344_view to reach out to *1379/*1410

Kind Regards

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