$SPX 1110 .. here it comes.. if job data is decent..

September 3, 2010
$SPX 1110 .. here it comes.. if job data is decent..

Good morning. We had a follow through day, that is bullish and that makes me dangerously bullish today.  The markets on a mean reversion are overbought but the strength of the move thus far indicates there could be more to come today to the upside.  That 1100 SPX  is looking awfully attractive.   First...
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$SPX 1086 target for the bulls.. 67% chance of being up 1% or greater today..

September 2, 2010
$SPX 1086 target for the bulls.. 67% chance of being up 1% or greater today..

Good morning.   Nice rally to say the least.  To show you how strong and participatory the rally was check out the 40 DPI charts.   They jumped big time on all three indexes.  The number of declining shares in the S&P500 never went above 13 and reached a minimum of 1 so at some...
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$SPX.. and now into the U.S. minefield

September 1, 2010
$SPX.. and now into the U.S. minefield

Good morning.   We had a nice crowd in the room last night for out China PMI party to celebrate the start of a new Month whose mood was to be set by the Chinese PMI.  The number came in just around expectations at 51.7, I had consensus between .6 and .8 so right...
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40 DMA % index puts in its follow through day..

September 3, 2010
40 DMA % index puts in its follow through day..

Score: +6 I am now officially in buy the dip mode with a follow through day on the DPI. ...
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Ten day Highs minus Lows put in another day of strength..

September 3, 2010
Ten day Highs minus Lows put in another day of strength..

Score: +6 Unlike our 52 week new highs, the 10 DHL gave us a decent follow through on Thursday. ...
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52 Week New Highs .. hit a soft patch today.. $Study [chart]

September 3, 2010
52 Week New Highs .. hit a soft patch today.. $Study [chart]

Score: +2  The market had a follow through day on Thursday but not the 52 week new highs.  NYSE...
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Indicator

!RL_VWAP2 – Volume Weighted Moving Average

!RL_VWAP2 – Volume Weighted Moving Average

  The Volume Weighted Moving Average is the sum of the number of shares bought times share price divided by the total number of shares bought:   It can be used as a support and resistance type indicator where price is “attracted” to the VWAP.  Moving below the VWAP shows weakness, above strength.  ...

!RL_Name version 1.2 released for TradeStation

!RL_Name version 1.2 released for TradeStation

A minor revision of !RL_Name was released today.  The new version allows for the custom setting of text color for the applied name.   The new indicator can be downloaded for free from: http://www.redliontrader.com/indicators-3/rl_name-text-naming-indicatorutility/    

Time Slice Volume Average Indicator – !RL_TSVA .

Time Slice Volume Average Indicator – !RL_TSVA .

  This is my Time Slice Volume Average Indicator.  Most people ask we what the heck is that!   Intraday volume does not have an equal distribution.  Volume from 9:30 to 11am is very different than mid-day volume which tends to be low,  and then volume for the close again picks back up.  This...

Ten Day Trades

$SPY – 7 day trade for 2.5% gain

  Yesterday we had a down volume to up volume ratio of greater than...

Gold members.. we need another 10 day short to balance out the portfolio.. here’s one.

This trade is for gold members  only.. Want to go gold? http://redliontrader.com/membership For a...

CAM – Cameron International – Gold ten day trade

For Gold members only: {{{Gold}}}The rest of this article is available to premium members...

Altria Group, $MO as a new 10 day trade..

  This is an RSI-DX trade, again looking for strong trending stocks that are...

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