Featured Breadth Chart of the Day:
New highs are holding it here in the 90s, now the trick will be to move the Zweig back down for a another push higher while maintaining these great NHs/NLs numbers.
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&P500 – Emini futures) contract:
Watching 1829 for a hold, if we fall through we have 1813 pegged as a gathering spot for the bulls and we think we can see a den of bears up at 1846.
On the MiM
No clear signal on the MiM.
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|Date Of Signal||Direction||x:00 Entry/Close||x:20 Entry/Close||x:30 Entry/Close|
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Comments about TLT (Twenty year Bond ETF):
Looking to see if we can rally up to 108
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Breadth Charts in Full:
Zweig Breadth Thrust
Too much overbought can be dangerous. We should see some pullback here, albeit small and quick.
Cumulative Volume Index:
Number of NYSE issues trading ABOVE their 40 day moving average (40DPI):
New Highs / New Lows ratio chart :
Watch for a hold on the highs.
Short Term Trender – McClellan Summation Index:
Long Term Trender – Cumulative 4-week Highs – Lows (the fat lady):
It’s curling time.
While I was swimming in 80 degree water there was one thing I was missing and it was curling. I don’t play but it is easily my favorite of the winter Olympic sports and really one of the only real sports that match up teams. All things are equal on that curling sheet. Stones are given to you so there is no “technology” advantage. There is no weather advantage. Straight up Team A vs. Team B in a game of chess, except in this game you decide the value of your piece by throwing and placing it. It is a bit like watching baseball in the respect of vast amounts of time but to watch the strategies and skill unfold on each end is fascinating. To me it has all the components that make a sport interesting, including the ability to drink beer while doing it.
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Thank you for Reading –
Marlin aka RedlionTrader @redliontrader
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