Tuesday, January 17, 2012

Trader Update -data pint 18 January 2911-

...the SPX 500 pushed into the *1300 Psych barrier_strong overhead resistance ranging up to the 28 July 2011 High *1316.32  'Red Zone' with an intraday High *1303 -  failing the 29 July 2011 High *1304.16 into the *1293.67 Close
...short term intra-day liquidity flows - short term institutional shift of direction - new Highs market internals as well as a bearish Trin today *1.43 remain as negative divergences
...strong stocks and FTL(follow the leader/very strong)-stocks below zero in negative territory and below support
...the VIX continuous to fail the bullish inspired *19.63 level
..the DXYO rally off the 27 October 2011 Low *74.86 remains supported *80.55 trendline support

...the bull/bear face-off remains in full swing with Closes below the *1300 Psych level - as a result, 75% fully invested portfolio protection in place *1301

Kind Regards

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