Archives

Looking for higher temps, lower prices : $ES_F 1848 x 1795

Featured Breadth Chart of the Day:   Still expecting a < 40 reading soon.   Our trenders remain bearish and we are bouncing but we don’t expect new highs out of this bounce until we do some more traveling into the southern hemisphere. Quote of the Day:An adventure is only an inconvenience rightly considered. An inconvenience […]

The only constant is change, embrace it. $ES_F 1835 x 1817

Featured Breadth Chart of the Day:   Our Zweig has bounced, but we think that will last only a couple of days as we wait for some exhaustive selling to hit the reset switch and get us back on the bull and narrow.   Quote of the Day:That’s right. ‘Tain’t yours, and ’tain’t mine.–Mark Twain(when […]

Markets Gopher it: $ES_F 1807 x 1840

Featured Breadth Chart of the Day:   Watch out for updrafts, they can be violent.  They say, because of human global warming climate change we don’t have spring anymore, we slip from brutal winters to harsh summers.  Perhaps that change of how the seasons cycle has brought early our “sell in May” rule, not sure.  […]

$ES_F 1836 X 1817

Featured Breadth Chart of the Day:   Rejected!  Wow what a push back down.   Follow through today. Quote of the Day:Work keeps us from three great evils, boredom, vice and need.–François Marie Arouet Voltaire Comments and Levels for the Front (S&P 500 – E-mini futures) contract: Short: 1836Long:  1817 Premarket we have 1817 for a […]

Ride the MiM today.. $ES_F 1871 x 1853

Featured Breadth Chart of the Day:   To the 90s for the bulls again. Chop Chop Quote of the Day:Civilization begins with order, grows with liberty, and dies with chaos.–Will Durant Comments and Levels for the Front (S&P 500 – E-mini futures) contract: Short: 1871Long:  1853 Yesterday we said we could see 1867 in the […]

Duck, Duck Goose $ES_F 1856 x 1831

Featured Breadth Chart of the Day:   There’s the bounce, but can we sustain a 2nd day?  The long term trender is back to bullish.  This is a zombie market and the bulls need to either rally harder or the bears need to just finish them off. Quote of the Day:In life, as in chess, […]

Turn off the lights when you leave. We like $ES_F 1830 long 1860 short

Featured Breadth Chart of the Day:   We move to our Zweig which is getting interesting again.  This is where we have been the last two times when we have made substantial bounces.  We should again but we now expect to see a Zweig oversold, < 40, before we see an overbought, > 61.25. Quote […]

Markets continue to Chop? $ES_F 1868 x 1846

Featured Breadth Chart of the Day:   Despite a nice down day the NHs/NLs stayed elevated, just out of the 90s range.  Something will have to correct today, either we will see prices back up or NHs/NLs much lower. Quote of the Day: Dishonesty, cowardice and duplicity are never impulsive. –George A. Knight Comments and […]

Please do not feed the bulls. $ES_F 1892 x 1881

Featured Breadth Chart of the Day: Warning bears… The NHs/NLs have once again regained control of the 90s and our trenders teased us with bearish sentiment but have whipped back around for the bull. 4th day, oh my this is bullish. Despite what seemed like a bad day yesterday… we were basically flat by the […]

Markets Slogging Higher, watch out for some mud today $ES_F 1892 x 1873

Featured Breadth Chart of the Day: Warning bears… The NHs/NLs have once again regained control of the 90s and our trenders teased us with bearish sentiment but have whipped back around for the bull. 3rd day, but we are super excited on the the NHs/NLs.  We wanted 200 yesterday, we got 191, not bad, but […]