3 Degrees and falling.. $ES_F 1862 x 1828

Featured Breadth Chart of the Day:



We’re gonna leave up the NH/HL chart for today and how the bulls just keep on giving.


Peace is a daily, a weekly, a monthly process, gradually changing opinions, slowly eroding old barriers, quietly building new structures.
John F. Kennedy


Comments and Levels for the Front(S&P500 – Emini futures) contract:

Short:  1862
Long: 1828


We did build an inside day yesterday.  A day when the daily bar lies completely within the previous daily bar.  That Monday action sets the range for a break out and our numbers.  We would like a shot at 1862.  We only have a day or so to do it.  If not, we will retrace and regroup.

This market still has traction, but it is currently caged and it has to break out.


On the MiMSmile with tongue out


Crazy MiM ride yesterday as a big old imbalance setup (1.4B which was VZ).  Regardless of the Verizon outcast though they were selling and selling a lot of stocks and symbols.  It looked like the start of re balancing funds.  The 3pm ET entry did turn a profit, but the bounce from 3:30pm until the close killed the 3:20 and 3:30 entry.

If you have streaming issues, please let me know.  info@mrtopstep.com

Date Of Signal Direction x:00 Entry/Close x:20 Entry/Close x:30 Entry/Close
2/3/2013 Long -0.64 -2.80 -3.90
2/4/2013 Long -1.55 -0.70 4.85
2/5/2013 Long 1.21 -1.30 -2.43
2/20/2013 Long -1.07 -1.84 -1.12
2/25/2013 Short 1.03 -1.31 -2.28
Total 0.04 -7.25 -4.88

* – NFP Day before and day of.
** – New Year’s Eve / End Of Year

If you want to join the meter readers you can go to: Join the MiM

Comments about TLT (Twenty year Bond ETF):


Nice bounce on the TLT as we head to that 108 area. 

>>> You can follow me on Twitter  @redliontrader <<<<<

Breadth Charts in Full:


Zweig Breadth Thrust


Zweig holding ok… 

Cumulative Volume Index:


Need a break.  The opening gap today should help.

Number of NYSE issues trading ABOVE their 40 day moving average (40DPI):


40 DPI telling us there is plenty of room to run.

New Highs / New Lows ratio chart :


Still near the 90s.


Short Term Trender –  McClellan Summation Index:



Long Term Trender –  Cumulative 4-week Highs – Lows (the fat lady):



Parting Shot: 



Still sitting in Chicago and the temperature for my walking commute was a nice 3 degrees with a -15 degree windchill.  Rumor has it tomorrow should take us to -30 windchill.  That is cold.  Even for Maine standards.  Looking forward to getting back to the warm climes of  Maine.

As always, we want your feedback!  marlin@redliontrader.com

Thank you for Reading –
Marlin aka RedlionTrader @redliontrader

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