Featured Breadth Chart of the Day:
What more do the bulls need to do? They have now pushed the CVI to new highs.
The US is pushing out quite a bit of data today and traders will be active in the morning before leaving to shop on the way home.
Quote of the Day:
Imagination is everything. It is the preview of life’s coming attractions.
Comments and Levels for the Front(S&P500 – Emini futures) contract:
Yesterday’s price action has us pushing the 1823 a few points higher to 1826 with a downside target moving to 1817.
On the MiM:
How about that for a neutral MiM? Nothing big happening in institution land. Nothing to comment on here.
We are in the process of putting up an new video that John Monaco, our partner on the NYSE floor, did about the MiM. It is excellent. You can view it by going here:
if you have streaming issues please let me know. email@example.com
|Date Of Signal||Direction||x:00 Entry/Close||x:20 Entry/Close||x:30 Entry/Close|
* – NFP Day before and day of.
If you want to join the meter readers you can go to: Join the MiM
Comments about TLT (Twenty year Bond ETF):
Trapped below 104.50 so far. We would like it to stay there.
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Breadth Charts in Full:
Zweig Breadth Thrust
Looking better for the bulls every day.
Cumulative Volume Index:
Number of NYSE issues trading ABOVE their 40 day moving average (40DPI):
Breaking out… don’t stand in the way.
New Highs / New Lows ratio chart :
Bulls in the upper 90s, nice.
Short Term Trender – McClellan Summation Index:
Long Term Trender – Cumulative 4-week Highs – Lows (the fat lady):
From our Family to yours, Merry Christmas everyone.
Thank you for Reading –
Marlin aka RedlionTrader @redliontrader
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