Trader Update -data point 21 April 2011-

Trading Environment:

                                                                                                                           

-SPX 500 'buy' trigger March 25_C-RSI 30 +5.65 strength

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

-Short term liquidity trend_positive

-VIX 15.07_below 20 stress level_long-term resistance 32.70_D/Vol inside range_14 New Lows

-New Lows: 14_danger 26-zone_below panic zone 50 (+)
-Leadership stock ratio: +0.85 bullish advantage
-NYSE_(= hft-zone)_C-RSI 30 +5.70 strength_positive NYA-Momentum
                                                                                                                             

Confirming weakness

                                                                                                                            

-Institutional selling action_inflection_potential reversal to downtrend next 2 trading days

-New Highs Trending Indicator: 120_below 180 minimum target

                                                                                                                           

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Stocktiming.com recommend:

-mixed to positive intraday bias_bullish sentiment > C-RSI 30 +5.00 strength

-Conservative: holding long position

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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 *1324_weakness_high risk to test *1311

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

Kind Regards