StreetOne Technical Analysis, LLC Market Summary 4/21/2011

Apr. 21, 2011 8:18 AM ET

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Street One Financial LLC (S1F or Street One) is an independent entity affiliated with Precision Securities, LLC., a full service registered broker dealer and a member of FINRA/SIPC. Street One specializes in educating, evaluating and trading ETFs, equities and options. Our firm assists portfolio managers in constructing their portfolios and identifying which ETF products may provide the best desired exposure by specific manager objective, fees and liquidity. The ETF/ETP landscape is evolving rapidly and has diversified quickly beyond passive equity index ETFs. Now actively managed strategies, fundamental and quantitative ETFs, as well as those that offer exposure to fixed income, commodities or even volatility indexes are available to all investors. Street One believes the key to understanding this rapidly changing environment is to learn how specific products work and where they may fit within a manager's portfolio. In addition to ETFs, options, and equities, we also handle closed end funds (CEF) trade execution and access to liquidity. All Street One Financial trades are executed by Precision Securities, LLC.

StreetOne Technical Analysis, LLC

D.Chojnacki

Market Summary-04/21/2011

The Market gapped up at the open after good earning’s reports the night before. Most of the gains came in the first half hour, but the Market stayed strong into the close and was near its highs of the session. At the close, the DJIA gained 1.5%, the S&P moved up 1.3%, and the Nasdaq100, the big winner, up 2.2%. Breadth was decidedly positive, 4.5 to 1, on above average volume. All three major indices had their ROC(10) move to the upside, and the DJIA and Nasdaq100 went positive. Their 10D-EMA reversed to the upside. The DJIA moved to a new multi-year high and above its 20D-SMA. RSI is now 60. Near term support is now 12426 and 12392. Near term resistance is now at 12483 and 12500. The S&P closed above its bottom trend line and above its 20D and 50D-SMA’s. Near term support is now at 1325 and 1320. Near term resistance is now at 1332 and 1343. The Nasdaq100 had a strong session moving above its 20D and 50D-SMA’s, and its MACD crossed above signal. Its 20D is also crossing above its 50D-SMA. Near term support is now at 2350 and 2337. Near term resistance is now at 2362 and 2375. The GLD continues its climb to new highs. The VIX dropped again, 4.8% to close at 15.07. The VIX hasn’t seen these levels since mid 2007.

Trading Trends

Long term, the bias remains to the upside for all three major indices. Short term bias to the upside continues. The last session improved many near term technicals. The DJIA moved to new highs and the S&P is poised to test the Feb. high of 1343. Expect near term bias to remain to the upside as the S&P and Nasdaq100 test the Feb. highs. This morning’s futures are pointing to a follow-up move to the upside. Earnings reports continue to move the Market and economic reports today will be closely watched. Futures at(8:15am) are higher versus fair value. The Mid East crisis and the U.S. economic recovery confirmation are the top Market movers.

Major Economic Reports Today:

Initial/Continuing Claims-8:30am Phila. Fed-10:00am Leading Indicators-10:00am FHFA Housing Index-10:00am

MAJOR INDICESShort term support and resistance level
DJIA close 12453		SP500 close 1330		N100 close 2357
12426	12483	1325	1332	2353	2362
12425	12500	1322	1341	2350	2375
12400	12507	1320	1343	2337	2388
12392	12550	1319	1350	2325	2400
12391	12600	1315	1363	2322	2420
12375	12650	1312	1375	2312
12319	12740	1309	1388	2303
12250		1303		2300
12194		1300		2292

Trade Ideas

None today

DISCLAIMER LANGUAGE

ALL PRICES NOTED IN THIS PUBLICATION ARE AS OF THE CLOSE ON TRADING PRIOR TO TODAY’S DATE, UNLESS OTHERWISE INDICATED

This publication is neither an offer to sell nor a solicitation to buy any securities mentioned herein. The information contained herein is based on data obtained from recognized sources that are believed to be reliable. Street One Financial LLC (S1F) have not independently verified the facts, assumptions and estimates contained in this publication. Accordingly, no representation or warranty, expressed or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions contained in this publication. The information contained in this publication is not and does not purport to be a complete analysis of every material fact respecting any company, industry, ETF or other security. Additional information concerning this publication may be available on request, if available. Many of the securities mentioned in this publication involve a higher degree of risk and more volatility than the securities of more established securities. For these and other reasons, the investments discussed in this publication may be unsuitable for investors depending on their specific investment objectives and financial position. Each investor should complete his or her own additional investigation and assessment prior to making investments in any securities. Transactions in securities mentioned herein may be effected only in those states where such securities are qualified for sale. Street One Technical Analysis LLC is an independently owned Company from Street One Financial LLC (S1F). S1F is an independent Company specializing in ETF’s, equities, and options. S1F specializes in agency ETF/ETP, equities, and options trade execution. On the ETF/ETP end, S1F may work with the ETF issuers to understand their products more thoroughly and how they can complement an investor's portfolio

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