Trader Update -data point 01 July 2011-

Confirming Strength:

-Institutional selling action_fell lower_trend line down trending

 

-Short term liquidity trend: 'uptick' in positive_daily inflows 'uptick' in positive

-New Lows: 13 < 28 danger zone < panic zone 50

-Long Term Trending Fed- /Foreign net- Liquidity Inflows_'huge uptick' into low expansion

-NYSE_(= hft-zone)_C-RSI 30  +2.33_positive NYA-Momentum

-Leadership stock ratio: +2.33 bullish

Confirming Weakness:

-SPX 500 May 23 'Sell' Alert

-SPX 500 C-RSI 9 < C-RSI 30

-VIX 16.52 > 15.23 support < 20 stress level_long-term resistance 24.65_D/Vol 'downtick'
-New Highs Trending Indicator: 85 < 180 minimum target

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Stocktiming.com recommend:

positive intraday bias_index testing resistance today

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

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Today's Session:

hedged *1378 - reducing

...index testing resistance today

Kind Regards