Can the bears put the biscuit in net 1813 to 1806 $ES_F

Featured Breadth Chart of the Day:


That little short yesterday wasn’t too hard to take and call.  Now we have to look for follow-through and possible reversal to the downside.  Our trenders, however, remain bullish here so we expect some upside reaction.

Quote of the Day:
Goodness is the only investment that never fails.
–Henry David Thoreau, 19th-century American essayist and nature writer

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

Short:  1856
Long: 1806


Follow-through weakness today.  That 1813 from yesterday is in play.  Somewhere between there and 1806 the buying should resume and drive us back up to the 1832 area.

On the MiMSmile with tongue out


Nada on the MiM as the market sells into the close.

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
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
Total   .98 -4.10 -1.48

* – 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):


Liking it up to 108 from here.  Watch for a break above 107.25.  If we fall apart we should find some foundational support at 105.25.

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

Breadth Charts in Full:

Zweig Breadth Thrust


Need to watch the A/D line for the NYSE today.  Nothing greater than –2:1 and we should be ok for another blast up. 

Cumulative Volume Index:



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



New Highs / New Lows ratio chart :


Bulls need to restore this to the 90s.


Short Term Trender –  McClellan Summation Index:



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



Parting Shot: 

Hockey – Invented in Canada, perfected in the USA.


For the past two weeks I have been flying the maple-leaf after spending a week with Canadian vacationers and cheering on the Canadian curling team.  Time to drop the leaf for the Stars and Stripes today as I cheer on the Woman’s hockey team.  There is a fair amount of New England representation on the team so local is local.  Go USA!

As always, we want your feedback!

Thank you for Reading –
Marlin aka RedlionTrader @redliontrader

DISCLAIMER: The information and data in the following report(s) were obtained from sources considered reliable. Opinions, market data, and recommendations are subject to change at any time. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any commodities or securities., its  officers, directors and its contributors may in the normal course of business, have position(s), which may or may not agree with the opinions expressed in this report., its officers, and directors are not agents, representatives, or affiliates of the CME Group or any trading entity. Trading Futures, Options, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Any decision to purchase or sell as a result of the opinions expressed in these report(s) will be the full responsibility of the person(s) authorizing such transaction(s). BE ADVISED TO ALWAYS USE PROTECTIVE STOP LOSSES AND ALLOW FOR SLIPPAGE TO MANAGE YOUR TRADE(S) AS AN INVESTOR COULD LOSE ALL OR MORE THAN THEIR INITIAL INVESTMENT. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.