And, the pitcher is winding up and the pitch is… High: $ES_F 1800 Low: $ES_1753

Featured Breadth Chart of the Day:


One more shoe to drop still?  Would like to get below 40 on the Zweig.

Quote of the Day:
The two foes of human happiness are pain and boredom.
–Arthur Schopenhauer

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

Short:  1800
Long: 1753 or 1741


We continue to build a bear flag since January 24th.   We would like to see a test and capitulation (9:1 downday) take place at 1753, or most likely at this point 1741. It needs to be scary.  Really scary.   On the, we are wrong side,  if money decides it is time to buy than watch 1786 go bye bye as we climb back to 1800 and 1807.

On the MiMSmile with tongue out


Despite my predictions that the MiM will rev itself up on Friday and produce a signal, my thought being that last day of  the month is usually a good ride, it appears that there were no plans to put any real size money to work at the end of January.  I suppose any money going in could have found a decent entry all day or they just ain’t plain interested yet.

We did build up some buying into the close so let’s watch day + 1 here and see if that continues through today’s open and if there are eager buyers out there.

This is the last day to see the January MiM trade chart which shows another decent ride on the MiM as that 3:00pm Entry brought in 15+ points for the month.  Interesting that my old 3:20 entry out performed this month.  If I get around to it I will do a special 3 month posting of MiM rides.

If you have streaming issues, please let me know.

Date Of Signal Direction x:00 Entry/Close x:20 Entry/Close x:30 Entry/Close
1/3/2013 Short 3.23 5.31 4.71
1/9/2013* Long 1.58 -0.26 -0.67
1/13/2013 Short 2.65 0.63 -0.10
1/15/2013 Long -1.41 0.24 0.38
1/27/2013 Short 10.52 11.10 7.32
Total 16.52 17.02 10.64

* – 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):


Watching 108.25 for a hold here, then again I was watching 108 and 106.  We should turn soon.

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

Breadth Charts in Full:

Zweig Breadth Thrust


Come on 40… we need that in the next few days.

Cumulative Volume Index:


Everyone on edge.

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


Tracking 1:1 so no news here.

New Highs / New Lows ratio chart :


One more push down.  A strong push up will force our hand into shorting.  We don’t like that.


Short Term Trender –  McClellan Summation Index:



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



Parting Shot: 



Life is full of twists and turns, some happy and some not.  It was an eventful weekend and some of us had a good weekend and some not so good.  Phillip Seymour Hoffman killed himself giving into his addiction, not good.  Dylan Farrow expressed her feelings about her dad’s addiction (Woody Allen)  and the life he ruined, not good for Woody.  They both make Peyton Manning’s super bowl defeat seem a little unimportant, but all three, Phil, Woody and Peyton didn’t have good weekend.

It’s a new week and it will all be about the buildup and run into the Winter Olympics.  The Winter games are my favorite Olympic games, mainly because it is made up of sports that I can do.

I can sled.
I can ski.
I can skate.

I can’t run a marathon.
I can’t stick a pole in the ground and fling myself through the air.
I don’t pick up cannonballs and toss them.
I can play badminton.

So with that last one, the Summer games are getting better.

So let’s put a bad weekend behind us and look forward to fun in the snow and on the ice,  and oh,  please tell those that “dispense” wisdom to stop telling us how dangerous Sochi is, any big event in this world is dangerous. Remember Atlanta?  Remember the Boston Marathon!

We get it,  and there isn’t anything we can do about it,  so stop stoking our fears and let us enjoy our lives.

Let’s focus on the games and the participants that have dedicated their lives to getting to this point.  If we don’t stick needles in our arms and don’t  molest our children and we play to our potential, I think we are all going to have a good week.

As always we want your feedback!

Thank you for Reading –
Marlin aka RedlionTrader @redliontrader

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