Friday, June 3, 2011

Trader Update -data point 03 June 2011-

Trading Environment:

                                                                                                                        
-Long Term Trending Fed- /Foreign net- Liquidity Inflows_'downtick' in low expansion territory
 -Institutional selling action_'uptick' in downtrend_high risk for reversal
                                                                                                                         

Confirming weakness:

                                                                                                                           
-SPX 500 May 23 'Sell' Alert
-SPX 500 C-RSI 9 < C-RSI 30


-Short term liquidity trend: 'downtick' in negative_daily inflows 'downtick' in negative
-VIX 18.08 > 15.23 support < 20 stress level_long-term resistance 32.70_D/Vol 'sidewaystick'
-New Highs Trending Indicator: 82 < 180 minimum target
-New Lows: 45 > 28 danger zone < panic zone 50
-NYSE_(= hft-zone)_C-RSI 30 -2.57_negative NYA-Momentum
-Leadership stock ratio: +0.04 neutral 
                                                                                                                             

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


  •   mixed intraday bias
  • Conservative: May 16_upside potential < downside risk = 'go to cash'_May 23 'Sell' Alert
-----------------------------------

Today's Session:

hedged *1378

...the SPX 500 extended losses today but ticked up off the April 18 Low *1295 - uptick power remains unconvincing so far into the session - high risk of further slippage to affirm the March 21 Low *1282 -

...a successful defense in the support would be the start of a consolidation period in the *1282/*1295_*1371 range that would eventually lead the index higher into the *1400 (+) current upper resistance level

Kind Regards

No comments:

Post a Comment