Trader Update -data point 4 April 2011-

Trading Environment:

-Institutional selling action _'selling limits' expanded_downtrend 

-SPX 500  'buy' trigger March 25_C-RSI 30 +7.05 strength

-Long Term Trending Fed- and Foreign net- Liquidity Inflows _ 'uptick'_high expansion

-VIX 17.40_below 20 stress level_long-term resistance 32.70_D/Vol inside range_11 New Lows

-New Lows: 11_below danger 26-zone_below panic zone 50 (+)

-New Highs_potential for new uptrend
-NYSE_(= hft-zone)_positive strength

-Leadership stock ratio: +2.56 bullish advantage

Confirming weakness:

-Short term liquidity trend_higher risk for a corrective move

----------------------------------
Stocktiming.com recommend:

positive to mixed intraday bias
Conservative_long

---------------------------------

Today's Session:

• bullish: > *1319 on track to take out February Peak *1344_view to *1363
• Close < *1319_consolidating range *1307/*1338
• Close <*1307_high risk for bearish reversal to *1273 minimum

Kind Regards