Trader Update -data point 20 June 2011-

Confirming Strength:

Confirming Weakness:

-SPX 500 May 23 'Sell' Alert

-SPX 500 C-RSI 9 < C-RSI 30
-Long Term Trending Fed- /Foreign net- Liquidity Inflows_'uptick' in contraction

-Institutional selling action_sideways' consolidation_awaiting critical data for market direction

-Short term liquidity trend: 'uptick' in negative_daily inflows 'uptick' in negative

-VIX 21.85 > 15.23 support > 20 stress level_long-term resistance 32.70_D/Vol 'downtick'

-New Lows: 48 > 28 danger zone  < panic zone 50
-New Highs Trending Indicator: 19 < 180 minimum target

-NYSE_(= hft-zone)_C-RSI 30 -7.67_negative NYA-Momentum
-Leadership stock ratio: -2.42 bearish advantage

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Stocktiming.com recommend:

• negative to mixed_oversold intraday bias

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

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Today's Session:

hedged *1378 - adding long positions slowy

...the SPX 500 reversing losses at the Open - extending the short cover off the 200-day MA *1258 - heading towards the 15 June congestion *1281 second time - further strength expected above *1281 to challenge the June 14 High *1292/current *1299 resistance

...below *1281 or failing *1292/*1299 suggests high risks for more downside to challenge current *1233 support - including the November 2010 High *1227 on the downside

...a successful defense in the support range *1233/*1227 would be the basis for an immediate recovery with the June 1 High *1348 an initial target

Kind Regards