Featured Breadth Chart of the Day:
Fat Lady suggesting we question all rallies and short the rallies.
We have always conducted our relationship privately, and we hope that as we consciously uncouple and co-parent, we will be able to continue in the same manner.
Gwyneth & Chris
Comments and Levels for the Front (S&P 500 – E-mini futures) contract:
Markets are getting tight again. We want to watch 1852 today. If we can break up and out and through that we like 1861 and on to new highs and watching for a breadth turnaround. If we can’t break 1852, we are watching for 1830 on the downside.
On the MiM:
Bigger selling numbers again to day on the MiM, but still not strong enough to generate an actual sell signal. Just two more selling days in March to end the quarter.
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|Date Of Signal||Direction||x:00 Entry/Close||x:20 Entry/Close||x:30 Entry/Close|
- xx:20pm exit as the signal went away.
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If we are right about the TLT, it needs to abandon its ways today and begin to seek lower ground.
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Breadth Charts in Full: Zweig Breadth Thrust
No real movement here.
Cumulative Volume Index:
Not much here either.
Number of NYSE issues trading ABOVE their 40 day moving average (40DPI):
The wider market is selling off, so breadth is ahead of the game if we are to head lower.
New Highs / New Lows ratio chart:
Not much here.
Trenders Short Term Trender – McClellan Summation Index:
Long Term Trender – Cumulative 4-week Highs – Lows (the fat lady):
Gwyneth Paltrow has materialized in my consciousness this week with the heavyhearted dispatch of the conscious uncoupling of her relationship with some guy. It is with great sadness that she had to publicly share her previously private relationship with me.
I haven’t done any real research, I have no idea who Cold Play is or the last movie I remember seeing the actress in. It does strike me strange that she can’t seem to speak like the rest of us. Honesty is its own brutality and hiding behind spiritual language doesn’t change the reality.
Then again, her lifestyle website is called goop.com, she couldn’t get gobblygoop.com?
Sorry I had to hear about your divorce and best of luck Gwen or Gwyn on your search for reality. Back to earth for me.
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Thank you for Reading – Marlin aka RedlionTrader @redliontrader
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