Trader Update -data point 8 April 2011-

Trading Environment:
                                                                                                                           

 

-Institutional selling action _'selling limits' expanded_downtrend weakened
-SPX 500 'buy' trigger March 25_C-RSI 30 +7.11 strength

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

-VIX 17.11_below 20 stress level_long-term resistance 32.70_D/Vol inside range_4 New Lows

-New Lows: 4_below danger 26-zone_below panic zone 50 (+)

 

-New Highs_potential for new uptrend
-NYSE_(= hft-zone)_positive strength_< C-RSI +5.00

-Leadership stock ratio: +2.14 bullish advantage                                                                                                                             

 

 

 

 

 

 

 

 

 

 

 

Confirming weakness:

                                                                                                                                                                                                                                                    

 

 

-Short term liquidity trend_higher risk for a corrective move

                                                                                                                          

 

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Stocktiming.com recommend:

mixed to negative intraday bias with short term liquidity expanded_downtick

Conservative: hold long position

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Today's Session:

• bullish: > *1322 on track to take out February Peak *1344_view to *1372
• Close < *1322_consolidating range *1309/*1338
• Close <*1309_high risk for bearish reversal to *1275 minimum

Kind Regards