Trader Update -data point 20 April 2011-

Trading Environment:

                                                                                                                           

-SPX 500 'buy' trigger March 25_C-RSI 30 weak +1.87 strength

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

-Short term liquidity trend_positive divergence_potential for trend reversal

-VIX 15.83_below 20 stress level_long-term resistance 32.70_D/Vol inside range_24 New Lows

-New Lows: 24_danger 26-zone_below panic zone 50 (+)
-NYSE_(= hft-zone)_C-RSI 30 +1.93 strength_positive NYA-Momentum
                                                                                                                             

Confirming weakness

                                                                                                                            

-Institutional selling action_'downtick'_in uptrend
-Leadership stock ratio: +0.50 neutral/bullish advantage

-New Highs Trending Indicator: 52_below 180 minimum target

-VIX > 15.23 support = negative for sustaining bull market 

                                                                                                                           

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Stocktiming.com recommend:

-mixed intraday bias_C-RSI 30 < +5 strength_high risk bullish reversal

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

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Today's Session:

• (Higher Risk) Trading > *1313/(Low Risk) Close > *1324_confirms April 18 Low *1294 as bottom_*1338/*1352 next upside targets
• Violation *1311_weakness_high risk to test *1302
• Violation *1302_high risk to test *1294 minimum_view to trade into 'target buy level' *1284

...Strategy: -buy a Close > *1324 -stop *1310 -target *1378 (+)

Kind Regards