Trader Update -data point 5 April 2011-

Trading Environment:

-Institutional selling action _'selling limits' expanded_downtrend 

-SPX 500  'buy' trigger March 25_C-RSI 30 +7.25 strength

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

-VIX 17.50_below 20 stress level_long-term resistance 32.70_D/Vol inside range_15 New Lows

-New Lows: 15_below danger 26-zone_below panic zone 50 (+)

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

-Leadership stock ratio: +2.45 bullish advantage

Confirming weakness:

-Short term liquidity trend_higher risk for a corrective move

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Stocktiming.com recommend:

positive intraday bias
Conservative_long

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Today's Session:

• bullish: > *1319 on track to take out February Peak *1344_view to *1368
• Close < *1319_consolidating range *1308/*1338
• Close <*1307_high risk for bearish reversal to *1274 minimum

Kind Regards