Trader Update -data point 19 December 2011-

...the 16 December 2011 buyers shifted the SPX 500 (+14.95) points up before sellers shifted the index (-11.43) down to a *1219.66 Close - the Trin *0.86 registered a bullish bias - trading happened on very light flows -

...cot shows market support of large specs in tune with small specs for the week ending 13 December 2011

...the VIX has worked its way lower to a *24.29 Close - a (-0.24) lower than the 28 October 2011 *24.53 Close

...despite the 14 December 2011 down day and apparent selling into the Close 15/16 December 2011, the growth rate ----FTL(follow the leader/very strong)-stocks continues to develop a positive divergence growing stronger than strong stocks

...as a result, price action supports higher prices above the SPX 500 15 December 2011 Low *1209.47 ( (just below the 50% retrace of the 28 November 2011/7 December 2011 advance) - 50 (%) protection for a fully invested portfolio - reducing at Closes above *1225.60

Kind Regards