StreetOne Technical Analysis, LLC Market Summary 5/26/2011

May 26, 2011 8:02 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-05/26/2011

After opening weak, the Market found strength through the morning hours. The PM saw the indices trade sideways till the last hour, when there was some up-down action, with the averages finishing off their highs of the day. At the close, the DJIA, the S&P, and the Nasdaq100 all gained 0.3%. Breadth was positive 2 to 1, on below average volume. All three major indices remained below their 50D-SMA. The ROC(10) remains negative, and declined in the session. RSI’s remain weak and below 50. The 20D-SMA is declining for all three indices. The DJIA met resistance during the session right at its 50D-EMA. Near term support is now at 12375 and 12352. Near term resistance is now at 12408 and 12423. The S&P met resistance again during the session at its 50D-SMA. Near term support remains at 1316 and 1312-10. Near term resistance is now at 1322-27 and 1330. The Nasdaq100 saw its 10D-EMA cross below its 50D-EMA, indicative of the short term weakness. Near term support is now 2300 and 2288. Near term resistance is now at 2312 and 2325. The VIX dropped 4.2% to 17.07.

Trading Trends

Long term, the bias remains to the upside for all three major indices. Short term bias is narrowly to the downside. Near term, we remain below the benchmark 50D-SMA and are straddling some key short term key Fibonacci levels of the last leg up. The weakness suggests that there may be some more pull-back. These levels remain key short term support: 1297-1300 area in the S&P, 2300-2275 level in the Nasdaq100. Couple key economic reports today. Futures at(8:00am) are flat versus fair value. The Mid East crisis(oil), Euro debt crisis, and the U.S. economic recovery confirmation are the top Market movers.

Major Economic Reports Today:

GDP-8:30am Initial/Continuing Claims-8:30am

MAJOR INDICESShort term support and resistance level
DJIA close 12394		SP500 close 1320		N100 close 2310
12375	12408	1316	1320	2305	2312
12352	12423	1312	1322	2300	2322
12339	12491	1310	1325	2288	2325
12250	12500	1300	1327	2283	2332
12211	12507	1297	1328	2277	2337
12125	12550	1288	1330	2275	2342
12000	12617	1262	1339	2262	2345
	12632		1341	2250	2350
			1343

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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