StreetOne Technical Analysis, LLC Market Summary 5/13/2011

May 13, 2011 8:08 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-05/13/2011

After moving down nearly 1% early, the Market reversed and closed up nearly 0.5%. Investors continue to buy the dips. At the close, the DJIA and S&P were up nearly 0.5%, and the Nasdaq100 gaining 0.6%. Breadth was positive, 1.6 to 1, on above average volume. All three major indices saw their ROC(10) advance with the MACD remaining below signal. All three moved above their 10D-EMA as it also reversed to the upside. The RSI for the DJIA closed at 58. Near term support is now at 12671 and 12550. Near term resistance is now at 12715 and 12745. The S&P closed back above its Feb. high and its RSI is now at 55. Near term support is now at 1343 and 1332. Near term resistance is now at 1350 and 1363. The Nasdaq100 moved back above its Feb. high and closed above 2400. Its RSI is now at 61. Near term support is now at 2397-2400 and 2388. Near term resistance sets up at 2412-13 and 2425. While the SLV continued its slide, the GLD managed to hold a small gain into the close. The UUP which was up most of the session, reversed in the PM to close lower. The VIX moved down 5.4% to close at 16.03.

Trading Trends

Long term, the bias remains to the upside for all three major indices. Short term bias to the upside continues. Near term, after moving lower early in the session, the indices reversed managed a moderate gain. Near term technicals are mixed, as we trade in a narrow range, on both sides of key technical levels in the last several sessions. We may continue between 1325 and 1363 on the S&P until markets decide on a clear direction. Futures at(8:00am) are slightly higher versus fair value. The Mid East crisis(oil) and the U.S. economic recovery confirmation are the top Market movers.

Major Economic Reports Today:

CPI-8:30am Mich. Sentiment-9:55am

MAJOR INDICESShort term support and resistance level
DJIA close 12695		SP500 close 1348		N100 close 2407
12671	12715	1347	1350	2400	2412
12650	12745	1345	1363	2397	2413
12550	12800	1343	1374	2393	2425
12507	12810	1341	1375	2388	2430
12500	12833	1339	1388	2375	2445
12425	12900	1332	1400	2362	2450
12396	12961	1330	1412	2350	2451
		1327		2347	2462
		1325		2337

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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