Any one have a 100 watt light bulb, my oven is cold $ES_F 1638 x 1585

Today’s Economic News:


Don’t like those deflationary numbers out of Europe.. they scare us.  OK numbers from Japan and good optimism from the small business group this AM., That has bolstered any early morning weakness.

Quote of the Day:
If at first you don’t succeed, skydiving is not for you.
–Francis Roberts

Featured Breadth Chart of the Day:


Our Zweig continues to correct, and as we feared, that does not mean price will chase.  We do have a bearish divergence forming here though.  


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

Short: 1638
Long:  1585


Up a bit both top and bottom on today’s range targets.

We are setting up some bearish divergences but the market is still uber strong.  305 NYSE new highs yesterday!

There is still some non-popped kernels in the bag, once we stop hearing them we should be able to enjoy.

Patience is the rules for the shorts.  Patience all around for us since we like dollar short for a swing, TLT long and ES short..

At some point this cake will bake, in the mean time I need to change the bulb in the Easy-Bake to higher wattage. 


Sell Zone: 1651.75 x 1621.50
Buy Zone: 1562 x 1531

Comments about the Front US Dollar DX futures contract:


Dang, we did get some selling in here, we want a test back to 82.80 area. This chart is making hat 84 area is looking pretty good.

Sell Zone: 83.60 x 83.20
Buy Zone: 82.13 x 81.64

Comments about TLT (Twenty year Bond ETF):  


Best buy out here in our opinion, TLT up to 123.

>>> Follow us @redliontrader<<<<<


Breadth Charts in Full :

Zweig Breadth Thrust:


Bearish divergence

Cumulative Volume Index:


Bearish Divergence.


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


Bearish Divergence

New Highs / New Lows ratio chart :



Trenders :

Short Term Trender –  McClellan Summation Index:


bearish divergence but bullish overall.

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


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.