Watch the close today closely. $ES_F 1848 x 1858

Featured Breadth Chart of the Day:



Lest we think they are not buying.  Our accumulation volume has also made a new high.

Quote of the Day:
If you really want to do something, you will find a way. If you don’t, you will find an excuse.


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

Short:  1858 Long: 1848


Breakout to the upside, and what do you know, that breadth we have been talking about all week as being strong, was signaling upside all the time.   For today, we are thinking we want to be short into the close. Longer term we remain bullish.

On the MiMSmile with tongue out


The MiM flirted with a sell signal and finally popped one at 3:20 which turned out to be a good entry if you exited as soon as the signal evaporated.  I think we are going to see some selling today on the close.  Let’s watch.


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
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):


Mission 108 was hit yesterday and we said we wanted to take a day off and sit back and see what happened. Well, it squeezed and climaxed at 109.50ish.  Watch for 111 now. I will short that level if we get there. 

follow me on Twitter  @redliontrader <<<<<

Breadth Charts in Full:   Zweig Breadth Thrust image Not much Happy sitting here trending.

Cumulative Volume Index: image Adding New Highs.

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


A potential to trail much higher.

New Highs / New Lows ratio chart : image Gap down Chatter in the 90s.

Trenders Short Term Trender –  McClellan Summation Index:



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



Parting Shot: 






It is the end of the month and I wanted to check in on my “Cut my electricity bill in half” project.  I am in the process of replacing burned out light bulbs with LED based bulbs.  I am managing the running of my computers  ( 6 ) better, I have replaced the hot tub cover with an energy efficient cover and I have replaced my air handler’s filter with an energy efficient flow filter. 

Despite a brutally cold and snowy February, I am making progress on the bill.   Last year I was $430 for the month of February, this year (with 2 days left on the graph above) I am at $202.  I should end below $230 and that means my efforts have paid off and I am saving $200 for February.  I still have more to do, but I am on the right course.

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.