Daily S&P 500 INDEX TRACKER

[ananda77]

Trader Update -data point 20 April 2011-

Trading Environment:

-SPX 500 'buy' trigger March 25_C-RSI 30 weak +1.87 strength
-Long Term Trending Fed- and Foreign net- Liquidity Inflows _ 'uptick'_ in mid expansion territory
-Short term liquidity trend_positive divergence_potential for trend reversal (chart: http://www.spx500dailyindextracker.blogspot.com)
-VIX 15.83_below 20 stress level_long-term resistance 32.70_D/Vol inside range_24 New Lows
-New Lows: 24_danger 26-zone_below panic zone 50 (+)
-NYSE_(= hft-zone)_C-RSI 30 +1.93 strength_positive NYA-Momentum

Confirming weakness

-Institutional selling action_'downtick'_in uptrend (chart: http://www.spx500dailyindextracker.blogspot.com)
-Leadership stock ratio: +0.50 neutral/bullish advantage
-New Highs Trending Indicator: 52_below 180 minimum target
-VIX > 15.23 support = negative for sustaining bull market

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Stocktiming.com recommend:

-mixed intraday bias_C-RSI 30 < +5 strength_high risk bullish reversal
-Conservative: high risk holding long position_C-RSI 30 < +5 strength
---------------------------------
Today's Session:

* (Higher Risk) Trading > *1313/(Low Risk) Close > *1324_confirms April 18 Low *1294 as bottom_*1338/*1352 next upside targets
* Violation *1311_weakness_high risk to test *1302
* Violation *1302_high risk to test *1294 minimum_view to trade into 'target buy level' *1284

...Strategy: -buy a Close > *1324 -stop *1310 -target *1378 (+)

Kind Regards

[ananda77]

Trader Update -data point 26 April 2011-

Trading Environment:

-SPX 500 'buy' trigger March 25_C-RSI 30 +6.61 strength
-Institutional selling action_trending lower (chart: http://www.spx500dailyindextracker.blogspot.com)
-Long Term Trending Fed- and Foreign net- Liquidity Inflows _ 'downtick'_ into high expansion territory
-Short term liquidity trend_positive (chart: http://www.spx500dailyindextracker.blogspot.com)
-VIX 15.77_below 20 stress level_long-term resistance 32.70_D/Vol inside range_14 New Lows
-New Lows: 14_danger 26-zone_below panic zone 50 (+)
-Leadership stock ratio: +1.04 bullish advantage
-NYSE_(= hft-zone)_C-RSI 30 +6.30 strength_positive NYA-Momentum

Confirming weakness

-New Highs Trending Indicator: 175_below 180 minimum target

----------------------------------
Stocktiming.com recommend:

-positive intraday bias_bullish sentiment > C-RSI 30 +5.00 strength
-Conservative: holding long position
---------------------------------

Today's Session:

* on track to challenge April High *1339_March High *1344
* expecting trading > *1344 to *1356 into target *1379 (+)_*1409 upper resistance
* weakness < *1329

...Strategy: long > *1324 -stop *1316 -target *1378 (+)

Kind Regards

[winner69]

S&P currently - "overvalued, overbought, overbullish, rising-yields syndrome"

Mostly ends in tears

http://www.hussmanfunds.com/wmc/wmc110502.htm

[ananda77]

Trader Update -data point 4 May 2011-

Trading Environment:

-SPX 500 'buy' trigger March 25_C-RSI 30 +9.79 strength
-Long Term Trending Fed- and Foreign net- Liquidity Inflows _ 'downtick'_ in high expansion territory
-New Lows: 22_danger 26-zone_below panic zone 50 (+)
-Leadership stock ratio: +0.90 bullish advantage
-NYSE_(= hft-zone)_C-RSI 30 +7.81 strength_positive NYA-Momentum
-New Highs Trending Indicator: 225 > 180 minimum target

Confirming weakness

-Institutional selling action_reversal into uptrend (chart: http://www.spx500dailyindextracker.blogspot.com)
-Short term liquidity trend_slightly negative (chart: http://www.spx500dailyindextracker.blogspot.com)
-VIX 16.70_ > 15.23 support_below 20 stress level_long-term resistance 32.70_D/Vol 'uptick'_22 New Lows

----------------------------------
Stocktiming.com recommend:

-weakening bullish sentiment_uptrend under stress > C-RSI 30 +5.00 strength
-Conservative: holding long position
---------------------------------

Today's Session:

* expecting trading > *1344 to *1356 into target *1381 (+)_*1412 upper resistance
* reaching into target zone_ risk of corrective shake out into *1344/*1331 congestion
* weakness trading Close < *1331

...Strategy: long > *1324 -stop *1316 -target *1378 (+) -hedged *1378-

...a successful defense of the *1344/*1331 congestion level will set up the index up into the *1400 (+) upper resistance level

Kind Regards

[ananda77]

Trading Environment:

-SPX 500 'buy' trigger March 25_C-RSI 30 +7.23 strength
-Long Term Trending Fed- and Foreign net- Liquidity Inflows _ 'downtick'_ in high expansion territory
-New Lows: 22_danger 26-zone_below panic zone 50 (+)
-Leadership stock ratio: +0.20 bullish advantage
-NYSE_(= hft-zone)_C-RSI 30 +4.09 strength_neutral NYA-Momentum

Confirming weakness

-Institutional selling action_reversal into uptrend (chart: http://www.spx500dailyindextracker.blogspot.com)
-Short term liquidity trend_negative_intraday corrective rebound potential (chart: http://www.spx500dailyindextracker.blogspot.com)
-C-RSI 9 < C-RSI 30
-VIX 17.08_ > 15.23 support_< 20 stress level_long-term resistance 32.70_D/Vol 'uptick'_28 New Lows
-New Highs Trending Indicator: 154 < 180 minimum target

----------------------------------
Stocktiming.com recommend:

* weakening bullish sentiment_uptrend under stress_C-RSI 30 > +5.00 strength

* Conservative: holding long position

---------------------------------
Today's Session:

* expecting trading > *1344 to *1356 into target *1381 (+)_*1412 upper resistance
* reaching into target zone_ risk of corrective shake out into *1344/*1331 congestion
* weakness trading Close < *1331

...Strategy: long > *1324 -stop *1316 -target *1378 (+) -hedged *1378-

* a successful defense of the *1344/*1331 congestion level will set up the index up into the *1400 (+) upper resistance level

...bounce off session Low *1336 - potential to test *1356/*1361 pivot

-failure in the pivot - high risk to re-test *1331 area
-sustained trading > pivot - index on track into the *1400 (+) upper resistance level

Kind Regards

[ananda77]

Trader Update -data point 06 May 2011-

Trading Environment:

-Long Term Trending Fed- and Foreign net- Liquidity Inflows _ 'downtick'_ in mid expansion territory
-Leadership stock ratio: +0.02 bullish advantage

Confirming weakness

-Institutional selling action_reversal into uptrend_increased selling (chart: http://www.spx500dailyindextracker.blogspot.com)
-Short term liquidity trend_negative_intraday corrective rebound potential (chart: http://www.spx500dailyindextracker.blogspot.com)
-C-RSI 9 < C-RSI 30
-VIX 18.20_ > 15.23 support_< 20 stress level_long-term resistance 32.70_D/Vol 'uptick'_30 New Lows
-New Highs Trending Indicator: 121 < 180 minimum target
-New Lows: 30_in danger 26-zone_below panic zone 50 (+)
-SPX 500 'buy' trigger March 25_C-RSI 30 +4.04 strength
-NYSE_(= hft-zone)_C-RSI 30 +4.09 strength_slight negative NYA-Momentum

----------------------------------
Stocktiming.com recommend:

* weakening bullish sentiment_uptrend under high stress_C-RSI 30 > +5.00 strength

* Conservative: holding long position

---------------------------------
Today's Session:

* expecting trading > *1344 to *1356 into target *1381 (+)_*1412 upper resistance
* reaching into target zone_ risk of corrective shake out into *1344/*1331 congestion
* weakness trading Close < *1331

...Strategy: long > *1324 -stop *1316 -target *1378 (+) -hedged *1378-

* a successful defense of the *1344/*1331 congestion level will set up the index up into the *1400 (+) upper resistance level

Note: despite late sell-off, market traded sideways for the day filling the open gap late in the session; good liquidity inflows positive for another rally into the *1400 (+) upper resistance level; market needs to keep current levels into a Monday Close for sustained break above *1360

Kind Regards

[ananda77]

Today's Session:

* expecting trading > *1344 to *1356 into target *1381 (+)_*1412 upper resistance
* reaching into target zone_ risk of corrective shake out into *1344/*1331 congestion
* weakness trading Close < *1329

...Strategy: long > *1324 -stop *1316 -target *1378 (+) -hedged *1378-

* liquidity inflows improved further and the index appears to settle into a consolidation pattern with parameter limits *1329/*1360 - a break above *1360 is expected to propel trading into upper channel resistance current *1418 - higher risk of a top forming above *1388 (+)

Kind Regards

[ananda77]

Trading Environment:

-Long Term Trending Fed- and Foreign net- Liquidity Inflows _ 'uptick'_ in mid expansion territory
-SPX 500 'buy' trigger March 25_C-RSI 30 +6.37 strength
-Leadership stock ratio: +0.58 bullish advantage
-New Lows: 14_ <26-zone_below panic zone 50 (+)

Confirming weakness

-Institutional selling action_uptrend with decreasing selling last two days (chart: http://www.spx500dailyindextracker.blogspot.com)
-Short term liquidity trend_'uptick' in negative territory (chart: http://www.spx500dailyindextracker.blogspot.com)
-C-RSI 9 < C-RSI 30
-VIX 17.18_ > 15.23 support < 20 stress level_long-term resistance 32.70_D/Vol 'downtick'_14 New Lows
-New Highs Trending Indicator: 116 < 180 minimum target
-NYSE_(= hft-zone)_C-RSI 30 +3.63 strength_slight negative NYA-Momentum

----------------------------------
Stocktiming.com recommend:

* mixed to positive intraday bias

* Conservative: holding long position

---------------------------------

Today's Session:

* expecting trading > *1344 to *1356 into target *1381 (+)_*1412 upper resistance
* reaching into target zone_ risk of corrective shake out into *1344/*1331 congestion
* weakness trading Close < *1329

...Strategy: long > *1324 -stop *1316 -target *1378 (+)

* liquidity inflows improved further and the index appears to settle into a consolidation pattern with parameter limits *1329/*1360 - a break above *1360 is expected to propel trading into upper channel resistance current *1418 - higher risk of a top forming above *1388 (+)

Kind Regards

[ananda77]

Trading Environment:

-Long Term Trending Fed- and Foreign net- Liquidity Inflows _ 'uptick'_ in mid expansion territory
-Short term liquidity trend_'uptick' into positive territory (chart: http://www.spx500dailyindextracker.blogspot.com)
-SPX 500 'buy' trigger March 25_C-RSI 30 +8.65 strength_C-RSI 9 > C-RSI 30
-NYSE_(= hft-zone)_C-RSI 30 +5.73 strength_slight positive NYA-Momentum
-Leadership stock ratio: +1.41 bullish advantage
-New Lows: 14_ < 26 - danger zone_below panic zone 50 (+)


Confirming weakness

-Institutional selling action_uptrend with decreasing selling last three days (chart: http://www.spx500dailyindextracker.blogspot.com)
-VIX 15.91 > 15.23 support < 20 stress level_long-term resistance 32.70_D/Vol 'downtick'_16 New Lows
-New Highs Trending Indicator: 174 < 180 minimum target

----------------------------------
Stocktiming.com recommend:

* positive to mixed intraday bias

* Conservative: holding long position

---------------------------------

Today's Session:

* expecting trading > *1344 to *1360 into target *1388 (+)/*1420 upper resistance
* weakness trading Close < *1330

...Strategy: long > *1324 -stop *1316 -target *1378 (+)

* index appears to settle into expected consolidation pattern *1329/*1360; if so, *1329 should not be violated on a Close basis for an eventual break above *1360 into upper channel resistance *1420; risk of sudden top forming above *1388

Kind Regards

[ananda77]

Trader Update -data point 12 May 2011-

Trading Environment:

-Long Term Trending Fed- and Foreign net- Liquidity Inflows _ 'downtick'_ in mid expansion territory
-Leadership stock ratio: +0.29 bullish advantage
-New Lows: 18_ < 26 - danger zone_below panic zone 50 (+)

Confirming weakness

-Institutional selling action_uptrend_'uptick" after three days of decreasing selling (chart: http://www.spx500dailyindextracker.blogspot.com)
-SPX 500 'buy' trigger March 25_C-RSI 30 +4.95 strength
-Short term liquidity trend_'downtick' into negative territory (chart: http://www.spx500dailyindextracker.blogspot.com)
-NYSE_(= hft-zone)_C-RSI 30 +1.64 strength_slight negative NYA-Momentum
-VIX 16.95 > 15.23 support < 20 stress level_long-term resistance 32.70_D/Vol 'uptick'_19 New Lows
-New Highs Trending Indicator: 144 < 180 minimum target
-C-RSI 9 < C-RSI 30

----------------------------------
Stocktiming.com recommend:

* negative to mixed intraday bias

* Conservative: holding long position

---------------------------------

Today's Session:

* expecting trading > *1344 to *1360 into target *1388 (+)/*1420 upper resistance
* weakness trading Close < *1330

...Strategy: long > *1324 -stop *1323 -target *1378 (+)

* index appears to settle into expected consolidation pattern *1329/*1360; if so, *1329 should not be violated on a Close basis for an eventual break above *1360 into upper channel resistance *1420; risk of sudden top forming above *1388
* index recovered from initial weakness towards near unchanged levels providing more certainty for a consolidation pattern *1329/*1350 in play.

Kind Regards