Trader Update -data point 26 April 2011-

Trading Environment:

                                                                                                                           

-SPX 500 'buy' trigger March 25_C-RSI 30 +6.61 strength

  

-Institutional selling action_trending lower
-Long Term Trending Fed- and Foreign net- Liquidity Inflows _ 'downtick'_ into high expansion territory

-Short term liquidity trend_positive

-VIX 15.77_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: +1.04 bullish advantage
-NYSE_(= hft-zone)_C-RSI 30 +6.30 strength_positive NYA-Momentum
                                                                                                                             

Confirming weakness

                                                                                                                            

-New Highs Trending Indicator: 175_below 180 minimum target

                                                                                                                           

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Stocktiming.com recommend:

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

-Conservative: holding long position

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Today's Session:

• on track to challenge April High *1339_March High *1344
• expecting trading > *1344 to *1356 into target *1379 (+)_*1409 upper resistance
• weakness < *1329

...Strategy: long > *1324 -stop *1316 -target *1378 (+) 

Kind Regards