Trader Update -data point 29 April 2011-

Trading Environment:

                                                                                                                           

-SPX 500 'buy' trigger March 25_C-RSI 30 +11.21 strength

-Institutional selling action_trending lower_smaller downticks
-Long Term Trending Fed- and Foreign net- Liquidity Inflows _ 'uptick'_ in high expansion territory

-Short term liquidity trend_positive_risk of mild short term profit taking 

-VIX 14.62_below 15.23 support_below 20 stress level_long-term resistance 32.70_D/Vol inside range_11 New Lows

-New Lows: 11_danger 26-zone_below panic zone 50 (+)
-Leadership stock ratio: +2.32 bullish advantage
-NYSE_(= hft-zone)_C-RSI 30 +10.46 strength_positive NYA-Momentum
-New Highs Trending Indicator: 298 > 180 minimum target

                                                                                                                             

Confirming weakness

                                                                                                                            

                                                                                                                           

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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 *1381 (+)_*1412 upper resistance
• risk of profit taking down to *1331
• weakness Close < *1331

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

Kind Regards