Tuesday, April 19, 2011

Trader Update - data point 19 April 2011 -

Trading Environment:
-SPX 500 'buy' trigger March 25_C-RSI 30 weak +0.15 strength
-Long Term Trending Fed- and Foreign net- Liquidity Inflows _ 'downtick'_ into mid expansion territory
-Short term liquidity trend_positive divergence_potential for trend reversal
-VIX 16.95_below 20 stress level_long-term resistance 32.70_D/Vol inside range_26 New Lows
-New Lows: 26_danger 26-zone_below panic zone 50 (+)
-NYSE_(= hft-zone)_C-RSI 30 +0.127 strength_positive NYA-Momentum

Confirming weakness
-Institutional selling action_'uptrend' resumes
-Leadership stock ratio: +0.04 neutral/bullish advantage
-New Highs Trending Indicator: 50_below 180 minimum target
-VIX > 15.23 support = negative for sustaining bull market 
Stocktiming.com recommend:

-mixed to negative intraday bias_'market must hold' elevated risk level
-Conservative: high risk holding long position_C-RSI 30 < +5 strength

Today's Session:
  • Close <*1315_high risk for bearish reversal to *1303/*1300/ *1284 minimum 
  • Strategy: -buy *1285 -stop *1266 -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

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