Daily S&P 500 INDEX TRACKER

[ananda77]

www.stocktiming.com: -data point 19 April 2009-

...Institutional Core Holding ...testing primary support in likely 'confirmation mode'

Trader Update -data point 19 April 2010:

...the SPX 500 holding above the *1175/*1181 Congestion support range and the market appears ready to start another (final) push up into the current *1228/*1232/*1272 range (possibly Hoop's *1330 level, although this level has not appeared on my screen just yet) with a potential large corrective drive (20 - 30%) that features the 200 MA *1075 as an initial target, opening at the rally topping range

...an early indication of the Apr 8 Low *1175 would signal that a shakeout is getting underway

Long Term: THE BEAR

Kind Regards

[ananda77]

www.stocktiming.com: -data point 20 April 2009-

...Institutional Core Holding ...testing primary support in likely 'confirmation mode'

Trader Update -data point 20 April 2010:

...as expected, the SPX 500 moved up decisively from the *1175/*1181 Congestion range and curently challenges the April 16 Break-Down point *1207

...above the *1207 barrier, the index will continue to slowly grind higher into the current *1213/*1225/ultimate *1278 range with a potential large corrective drive (20 - 30%) that features the 200 MA *1075 as an initial target, opening at the rally topping range

Caution: institutional selling is trending at uncomfortably high levels

...an early indication of the Apr 8 Low *1175 would signal that a shakeout is getting underway

Long Term: THE BEAR

Kind Regards

[ananda77]

www.stocktiming.com: -data point 21 April 2009-

...Institutional Core Holding ...testing primary support in likely 'confirmation mode'/closing slightly above support line but no clear committmen into either direction

Trader Update -data point 21 April 2010:

...with institutional selling only slowly dissipating from uncomfortably high levels and market internals today with a slight bearish tinge, the SPX 500 so far, has been unable to take out the April 16 Break-Down point *1207 and appears to test the *1200 threshhold once more

...above the *1207 barrier, the index will continue to slowly grind higher into the current *1213/*1225/ultimate *1278 range with a potential large corrective drive (20 - 30%) that features the 200 MA *1075 as an initial target, opening at the rally topping range

...on the flipside, a break-down of the Apr 8 Low *1175 would signal that a shakeout is getting underway possibly to challenge the current *1156 level

[JP Morgan: bullish...but: “Although the SEC fraud case does not have direct implications outside Financials, the rise in uncertainty is negative for equities at a time when equity markets are overbought. Technicals have been pointing to overbought equity markets for some time now and Friday’s correction has the potential to drag the S&P 500 down toward 1175 in the near term. But our technical strategists see very little chance of the S&P 500 falling below 1150, i.e., the January high, over the coming weeks.” http://pragcap.com/jpm-correction-co...e-short-lived]

Long Term: THE BEAR

Kind Regards

[ananda77]

www.stocktiming.com: -data point 22 April 2009-

...Institutional Core Holding ...testing primary support in likely 'confirmation mode'/closing slightly above support line but no clear committmen into either direction

Trader Update -data point 22 April 2010:

...the SPX 500 dived early into short term support to intraday Low *1190 before recovering; an expected Close above the April 16 Break-Down Point *1207 bodes well for further gains with the *1228/*1240 as a next potential target ahead

...as a consequence, any short term weakness trading above the *1175/*1190 range would present a accumulation opportunity

...institutional investors remain in low level accumulation with selling trending uncomfortably high suggesting a continuous 'sell into strength' strategy

Long Term: THE BEAR

Kind Regards

[ananda77]

www.stocktiming.com: -data point 23 April 2009-

...Institutional Core Holding ...testing primary support in likely 'confirmation mode'/closing slightly above support line but no clear committmen into either direction

Trader Update -data point 23 April 2010:

...the SPX 500 appears ready for a Break-Out of the current April 19 Low *1214 and April 15 High *1184 range to tackle the next challenges ahead; the immediate view shows the *1224/*1228 level, with a medium term *1240 and ultimate *1279/*1302 to boot

...institutional investors remain in low level accumulation with selling trending uncomfortably high suggesting a continuous 'sell into strength' strategy; market internals mixed >volume levels<

Long Term: THE BEAR

Kind Regards

[ananda77]

www.stocktiming.com: -data point 26 April 2009-

...Institutional Core Holding ...testing primary support in likely 'confirmation mode'/closing slightly above support line but no clear committmen into either direction

Trader Update -data point 26 April 2010:

...maybe its the GS-farce, maybe its the SUPERBULLS waiting for the Wednesday-Word from Bernanke-Mommy which makes the SPX 500 stall at intraday *1219 after Friday's break-out of the the April 15 High *1214...

anyway, as long as *1214 holds as support, the index has further upside potential to tackle the next challenges ahead:
-the immediate view shows the *1224/*1228 level, with a medium term *1240 and ultimate *1279/*1302 to boot for later in 2010

...market internals mixed and unconvincing again today; institutional selling appears to take a breather but could be up again today; the NYSE hitting hard against the upper level of an expanding wedge formation

...as a consequence: portfolio near 50% protection completed

Long Term: THE BEAR

Kind Regards

[ananda77]

THE WORLD OF HIGH FREQUENCY TRADING - SIX TRADING STARTEGIES

...and

Computerized Front Running and Financial Fraud

How a Computer Program Designed to Save the Free Market Turned Into a Monster
by Ellen Brown http://www.globalresearch.ca/index.p...t=va&aid=18809

Kind Regards

[ananda77]

www.stocktiming.com: -data point 27April 2009-

...Institutional Core Holding ...testing primary support in likely 'confirmation mode'/closing slightly above support line but no clear committment into either direction

Trader Update -data point 27 April 2010:

...so the Greeks buried their national debt in hocus-pocus derivative contracts to remain a EU-member and they will not be the only ones who have been found out...

...yesterday, the SPX pulled back from its April 26 High *1219, closed below the April 15 High *1214 and subsequently reversed into negative weekly territory so far; further more, on its way down, the index severed trendline support *1199 and would produce a second negative weekly Close below *1187; but

...as long as the index manages trading above *1183, further upside potential still remain in play to tackle the next challenges ahead:
-the immediate view shows the *1224/*1228 level, with a medium term *1240 and ultimate *1279/*1302 to boot for later in 2010; however, a Close below the March 25 High *1180 or its confirmation point, the April 19 Low *1183 is needed for a high probability reversal

...as expexted, institutional selling ticked up and risk is for the up-trend to resume
the NYSE hitting hard against the upper level of an expanding wedge formation
the VIX also in an expanding wedge formation expected to conclude anytime before May 17

...as a consequence, portfolio protection increase to 75% from 50% completed

Long Term: THE BEAR

Kind Regards

[ananda77]

Once again the markets take a dive based on Greek and Portugese debt woes. Once again I get the feeling its an over reaction driven by big players talking up the risks and/or a ploy by the euro zone to pull down the currency. Big forces at work here. Two options: bail and go with the flow or sit tight and buy more at the reversal. Currently the former has more appeal.

Belgarion: NEWS DO NOT MAKE MARKETS - MARKETS MAKE NEWS

...equity markets are extremely overextended and trading close to top of their longer term channels, so it is only to be expected that some sort of pull-back will take place

...the SPX 500 closed above pivotal *1183; either the *1183 goes on a Close basis or a recovery to new Highs will take hold from here in which case you need to wait for a bearish reversal at a higher level -the internals WILL tell the story...anyway...

-anything in between here and somewhere up higher is HIGH RISK or in other words 'INTERESTINGLY NOWHERE'

>belgarion, what I am saying here is that, you need to rely on a 'trading system' which has a high probability to get you out near a top, since risk levels for a decision now or at the SPX 500 level *1220 are comparably the same...(actually, as far as I am concerned, making a decision now carries a LOT MORE RISK than earlier)

...LAGGING TRADING SYSTEMS = WASTE OF TIME (in terms of risk levels, because there is NO SUCH THING AS A SURE THING)

Kind Regards

[beacon]

NEWS DO NOT MAKE MARKETS - MARKETS MAKE NEWS

Well said. Today will be interesting. Agree with belg re overreaction, but also with ananda that currently the risk is high ... until the german election anyway. Expecting 21000 breached in HK, and 5200 in India, so that will put further pressure on World markets ...