Heading home while the market test our Ukraine will. $ES_F 1828

Featured Breadth Chart of the Day:

So I am going to put up the cumulative volume.  We are adding and buying stocks here for the long term.  That is bullish.  The Ukraine situation has the markets in a bit of jitter and oil is rising on excuses.  I think we are rattling sabres as paper tiger Obama vs. minutive Putin. Maybe we can send in Hillary with a reset button?  


It is impossible to love and to be wise.
Francis Bacon


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

Short:  1862
Long: 1828


Monday’s wide range day continues to defind the trading range as we come down this morning on Ukraine news to test that bottom around 1829/1828.  If that breaks than we watch 1812 as a test point for buyers who are unable to hold back anymore. 

The bulls have been unable to show a run to 1862, but as we have seen the breadth behind the move continues to roll along. 

On the MiMSmile with tongue out

Not much of a signal on the MiM today as we head into the last two days.  I will be on the road today, but it should be a good day today and tomorrow.  It only has two days left to pull out a profit for me and my trading style in February!

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):

108 hit.  Let’s take a day and watch the reaction.  If the equity markets fall apart todfay.. we should see a run to the highs. 

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

Breadth Charts in Full:


Zweig Breadth Thrust

Not much damage yet to the Zweig

Cumulative Volume Index:

Adding some volume

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


Higher breadth still…….

New Highs / New Lows ratio chart :

Gap down this AM is gonna make it hard for the bulls. 


Short Term Trender –  McClellan Summation Index:


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


Parting Shot: 



Well, I am heading home today after a great visit to Chicago.  It doesn’t look like the picture above right now.  It will soon, and this nasty winter will eventually be behind us.  Not fast enough really, but than again I am not trying to hit the fast forward on life either.  I need my remaing days. I cry everyday when I think how old Jane Fonda is. 

My posts have improved over the week.  I am able to get charts and now to post them a correct size.  Maybe one can live by Chromebook alone. 

Tomrrow’s posts will be from the pond by the ocean in Maine. 


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

Thank you for Reading –
Marlin aka RedlionTrader @redliontrader

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