Daily S&P 500 INDEX TRACKER

[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

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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

[ananda77]

Trader Update -data point 13 May 2011-

Blogger .com down -apologies-

Today;s session:

...range trade continues with parameter levels *1329/*1360 into weekend - above *1329, a break above *1360 is expected to propel trading into upper channel resistance current *1418 - higher risk of a top forming above *1388 (+)

...index above *1329 intraday Low - closes comfortable *1338 into the weekend - possibility for further consolidation within the range for another couple of sessions

Kind Regards

[ananda77]

Trader Update -data point 16 May 2011-

Trading Environment:

-Long Term Trending Fed- and Foreign net- Liquidity Inflows _ lower Low 'downtick'_ in mid expansion territory
-SPX 500 'BUY' Alert 25 March 2011_C-RSI +3.67
-Leadership stock ratio: +0.12 bullish advantage
-New Lows: 22 < 26 - danger zone < panic zone 50 (+)

Confirming weakness

-Institutional selling action_'uptick' in uptrend (chart: http://www.spx500dailyindextracker.blogspot.com)
-Short term liquidity trend_'downtick' in negative territory (chart: http://www.spx500dailyindextracker.blogspot.com)
-NYSE_(= hft-zone)_C-RSI 30 -0.186 strength_neutral NYA-Momentum
-VIX 17.07 > 15.23 support < 20 stress level_long-term resistance 32.70_D/Vol 'uptick'_22 New Lows
-New Highs Trending Indicator: 164 < 180 minimum target
SPX 500 C-RSI 9 < C-RSI 30

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

* negative intraday bias

* Conservative: upside potential < downside risk = 'go to cash' although market may continue higher before a major top

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

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 defends *1329 support with an intraday Low *1331 second time - although upticks remain sluggish and point to an extension of consolidation pattern, an eventual break above *1360 is expected for the index to trafe higher into upper channel resistance *1412 (+) with risk of sudden top forming elevated above *1388

Kind Regards

[grasschoppa]

For the DJIA traders, Ive got the chart set on 30 min and I see absolute support at 12445 ish with a inverted hammer three candles past and now a bullish engulfing candle.

Very strong indication of an uptrend move but have to hold positions over, all results are coming in good WMT etc

How does anyone else veiw the next trade here?

[Zorrro]

Our Dedicated Chatroom is now Open

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Please use OPERA , Google CHROME , Mozilla Firefox as Internet explorer seems to be playing up ( old scripts)

rgds Zarif

[ananda77]

Trading Environment:

-Long Term Trending Fed- /Foreign net- Liquidity Inflows _ sidewaystick'_ in mid expansion territory
-SPX 500 'BUY' Alert 25 March 2011_C-RSI +1.68


Confirming weakness

-Institutional selling action_'uptick' in uptrend (chart: http://www.spx500dailyindextracker.blogspot.com)
-Short term liquidity trend_'downtick' in negative territory_at extreme oversold (chart: http://www.spx500dailyindextracker.blogspot.com)
-NYSE_(= hft-zone)_C-RSI 30 -1.24 strength_neutral NYA-Momentum
-VIX 18.24 > 15.23 support < 20 stress level_long-term resistance 32.70_D/Vol 'uptick'
-New Lows: 33 > 26 - danger zone < panic zone 50 (+)
-New Highs Trending Indicator: 132 < 180 minimum target
-Leadership stock ratio: -0.01 neutral
SPX 500 C-RSI 9 < C-RSI 30

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

* negative intraday bias_potential attempt to stabilize markets

* Conservative: upside potential < downside risk = 'go to cash' although market may continue higher before a major top

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

Today's Session:

* expecting trading > *1344 to *1360 into target *1396 (+)/*1429 upper resistance
* weakness trading Close < *1330

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

...potential attempt to stabilize markets over next two sessions

...market needs to shake off the weak trade below *1329 - a Close below *1329 introduces high risk for further downside to test the SPX 500 *1300 range - while a Close at unchanged levels (+) sets the index up for an eventual break above the *1360 level

Kind Regards

[ananda77]

Trader Update -data point 18 May 2011-

Trading Environment:

-Long Term Trending Fed- /Foreign net- Liquidity Inflows _ sidewaystick'_ in mid expansion territory
-SPX 500 'BUY' Alert 25 March 2011_C-RSI-30 +1.63

Confirming weakness

-Institutional selling action_'uptick' in uptrend (chart: http://www.spx500dailyindextracker.blogspot.com)
-Short term liquidity trend_negative_'sidewaystick'_daily inflows 'uptick' (chart: http://www.spx500dailyindextracker.blogspot.com)
-NYSE_(= hft-zone)_C-RSI 30 -1.35 strength_neutral NYA-Momentum
-VIX 17.55 > 15.23 support < 20 stress level_long-term resistance 32.70_D/Vol 'downtick'
-New Lows: 42 > 26 - danger zone < panic zone 50 (+)
-New Highs Trending Indicator: 105 < 180 minimum target
-Leadership stock ratio: -0.02 neutral
SPX 500 C-RSI 9 < C-RSI 30

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

* negative intraday bias_potential attempt to stabilize markets again today

* Conservative: upside potential < downside risk = 'go to cash' although market may continue higher before a major top

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

Today's Session:

* expecting trading > *1344 to *1360 into target *1396 (+)/*1429 upper resistance
* weakness trading Close < *1330

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

...liquidity inflows matched outflows yesterday - higher liquidity inflows necessary today

...market posting a steady, cautious recovery from the May 17 Close *1329 on good breadth and volume - although upticks from the May 17 Low *1319 remain unimpressive so far, expectations are, *1319 will remain in place as the base for a solid rally - to break above trendline resistance current *1363 - challenge current *1396 before heading into upper channel resistance current *1430 - risks increasing for index forming a sudden top above *1396

Kind Regards

[ananda77]

Trader Update -data point 19 May 2011-

Trading Environment:

-Long Term Trending Fed- /Foreign net- Liquidity Inflows _ 'uptick'_ in mid expansion territory
-SPX 500 'BUY' Alert 25 March 2011_C-RSI-30 +4.18
-Leadership stock ratio: +0.20 slight bullish advantage
-New Lows: 21 < 26 - danger zone < panic zone 50 (+)
-NYSE_(= hft-zone)_C-RSI 30 +1.001 strength_slight positive NYA-Momentum

Confirming weakness

-Institutional selling action_'downtick' in uptrend (chart: http://www.spx500dailyindextracker.blogspot.com)
-Short term liquidity trend_negative_'uptick'_daily inflows 'uptick'_close to positive (chart: http://www.spx500dailyindextracker.blogspot.com)
-VIX 16.23 > 15.23 support < 20 stress level_long-term resistance 32.70_D/Vol 'downtick'
-New Highs Trending Indicator: 108 < 180 minimum target
SPX 500 C-RSI 9 < C-RSI 30

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

* positive to mixed intraday bias

* Conservative: upside potential < downside risk = 'go to cash' although market may continue higher before a major top

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

Today's Session:

* expecting trading > *1344 to *1360 into target *1398 (+)/*1430 upper channel resistance
* weakness trading Close < *1330

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

...above *1334, the rally up from May 17 Low *1319 remains on track to break above trendline resistance current *1368 - challenge current *1401 before heading into upper channel resistance current *1434 - risks increasing for index forming a sudden top above *1396

Kind Regards

[ananda77]

Trader Update -data point 23 May 2011-

Trading Environment:

-Long Term Trending Fed- /Foreign net- Liquidity Inflows _ 'downtick' in mid expansion territory
-SPX 500 'BUY' Alert 25 March 2011_C-RSI-30 +2.23
-Leadership stock ratio: +0.20 slight bullish advantage
-New Lows: 21 < 26 - danger zone < panic zone 50 (+)

Confirming weakness

-Institutional selling action_'uptick' in uptrend (chart: http://www.spx500dailyindextracker.blogspot.com)
-Short term liquidity trend_negative_'sidewaystick'_daily inflows 'downtick' into negative (chart: http://www.spx500dailyindextracker.blogspot.com)
-VIX 17.43 > 15.23 support < 20 stress level_long-term resistance 32.70_D/Vol 'uptick'
-New Highs Trending Indicator: 118 < 180 minimum target
-SPX 500 C-RSI 9 < C-RSI 30
-NYSE_(= hft-zone)_C-RSI 30 -0.63 strength_slight negative NYA-Momentum

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

* negative to mixed intraday bias_very high risk levels

* Conservative: May 16_upside potential < downside risk = 'go to cash' although market may continue higher before a major top

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

Today's Session:

* expecting trading > *1344 to *1360 into target *1396 (+)/*1429 upper resistance
* weakness trading Close < *1331

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

...index still trading above the *1303/*1313 support pivot with today's New Lows 40 so far avoiding the 50 (+) panic selling level
...appears a strong double bottom is in the making on the longer term weekly time frame with the *1300 pivot support as inflection point
...respecting pivot support around the SPX 500 *1300 level should set a strong foundation to propel trading above trendline resistance current *1366 - challenge current *1399 before heading into upper channel resistance current *1432 - risks increasing for index forming a sudden top above *1393

Kind Regards

[ananda77]

Trader Update -data point 25 May 2011-

Trading Environment:

-Long Term Trending Fed- /Foreign net- Liquidity Inflows _ 'downtick' in low expansion territory
-New Lows: 33 > 26 - danger zone < panic zone 50 (+)

Confirming weakness

-SPX 500 'Sell' Alert 23 May 2011_C-RSI-30 -1.48
-SPX 500 C-RSI 9 < C-RSI 30
-Institutional selling action_'uptick' in uptrend (chart: http://www.spx500dailyindextracker.blogspot.com)
-Short term liquidity trend_negative_'downtick'_daily inflows negative 'downtick' (chart: http://www.spx500dailyindextracker.blogspot.com)
-VIX 17.82 > 15.23 support < 20 stress level_long-term resistance 32.70_D/Vol 'downtick'
-New Highs Trending Indicator: 72 < 180 minimum target
-NYSE_(= hft-zone)_C-RSI 30 -3.67_negative NYA-Momentum
-Leadership stock ratio: -0.21 slight bearish advantage

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

* negative to mixed intraday bias_very high risk levels

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

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

Today's Session:

hedged *1378

...another recovery attempt off the current intraday Low *1312 - uptick power however remains sluggish and risks remain high for further slippage to pivot support around the *1300 level - possibly falling as far as *1293/*1282 before stabilizing
...a successful defense in the *1293/*1282 level could initiate a rebound to test the May *1371 High leading into a possible *1282/*1371 sideways market

Kind Regards