Good question, $ES_F 1889 or 1852?


Featured Breadth Chart of the Day:

 

image

Let’s slide the Zweig chart out of the way and put in the NHs/NLs chart as our focus chart of the day.  When we are bullish we want this to be in the 90s and stay there.  That shows uber bullishness and buying that should sustain.  This last push up only got us in the mid 80s and now we are coming back down.  We did just 83 new highs on the NYSE.   All this takes some shine off the market that continues to drift sideways.  While I continue to be seasonally bearish, a market that is losing breadth without price following through can be bullishly dangerous because if that breadth returns, this snake will shed out of its skin and rocket higher.

 


Quote of the Day:
Hurry! I never hurry. I have no time to hurry.
–Igor Stravinsky


Comments and Levels for the Front (S&P 500 – E-mini futures) contract:

Short: 1889
Long:  1852

image

We can squeeze those upper and lower lines together just a wee bit today.   1889 for the top and if we extend adn break 1893, we would have a bull run on our hands.

On the favored, at least my favored, downside, we have 1852 as a target and possible hold area.

 

On the MiM:

image

First signal in May that evaporated when the the symbol % number moved below 66% at 3:20pm ET.   A kind of short spring shower.  It netted me +2 points on an ES trade.

If you have streaming issues, please let me know.  info@mrtopstep.com

Date Of Signal Direction x:00 Entry/Close x:20 Entry/Close x:30 Entry/Close
5/6/2014 Long 1.88 (xx:20)
Total   1.88

 

If you want to join the meter readers you can go to: Join the MiM


Comments about TLT (Twenty year Bond ETF):

image

Not gonna be easy to get this down. Some relief today with a gap up opening if it holds. 

Follow me on Twitter  @redliontrader <<<<<


Breadth Charts in Full:   Zweig Breadth Thrust

image

Morning gap up this AM, just as we were making some downside progress.

 


Cumulative Volume Index:

image_thumb6_thumb

That is not impressive selling in the least.  No one wants to give up yet so we slowly crawl up the line.


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

image_thumb7_thumb

Not very compelling on the downside.


New Highs / New Lows ratio chart:

image_thumb15_thumb_thumb_thumb_thum[2]image_thumb11_thumb_thumb_thumb_thum[2]

image_thumb8_thumb

Some one needs to really pin the needle on either the buy or sell side.


Trenders Short Term Trender –  McClellan Summation Index:

image

Bullish – neutral.


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

image

Bullish.


Parting Shot: 

image

I hope this doesn’t come off nasty as I really enjoy talking to other traders and I will spend as much time with anyone that asks for help.  All I ask in return is that you have interesting questions, or questions that show you have tried.

I get questions once or twice a week that are in the vein of “What am I doing wrong?” or “How do I trade the MiM?” or “It doesn’t work”.  What doesn’t work?   Have you looked, have you tried?  I don’t really want to interview someone to find out what the full question is.  Often I have to.

My verbal exchange rate is easily 20:1.  That is for every one word someone sends me, I give 20 back.  Maybe I am too verbose.   That is the nature of explaining.  Everyone is smart and intelligent and when I get an answer that makes no sense, I at least know the writer of the question is simply confused.  I am confused a lot, too.   But the nature of the confusion helps me understand what he or she is seeing and I can more easily correct the view. It is usually a problem with vocabulary and definition.  Once those things are cleared up, the view becomes more obvious.  It is how we learn.

Not to sound too Zen, but if you need my help, give me some history, what you have tried, what you see.  Explain it to me and I can see if I can help.  I need to see the world through your eyes in order to help and when my eyes are rolled to the back of my head it hurts.

As always, we want your feedback!  marlin@redliontrader.com

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. RedlionTrader.com, 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. RedlionTrader.com, 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.

Summer comes early now $ES_F 1892 x 1847


Featured Breadth Chart of the Day:

 

image_thumb2

We are just messing about in here, we need some real commitment.

 


Quote of the Day:
True friends stay friends.
–Al


Comments and Levels for the Front (S&P 500 – E-mini futures) contract:

Short: 1892
Long:  1847

image_thumb1

Looking for a bust out on one side or the other.   Our ranges have spread and now sit at 1847 on the down side and 1892 on the upside.  That is a 500 point range!  That is what action like yesterday will do when the market shows volatile indecision.

Watch for a break on the 1879 on the upside.

 

On the MiM:

image_thumb3

If that doesn’t just explain it all.  A tight +/- 0.8 range on the close and the meter going all red and green striped.   There is no movement so far in May.

If you have streaming issues, please let me know.  info@mrtopstep.com

Date Of Signal Direction x:00 Entry/Close x:20 Entry/Close x:30 Entry/Close
4/2/2014 Long 1.99 1.09 0.07
4/3/2014 Long 2.71 1.99 0.31
4/11/2014 Short 1.16 2.86 5.10
4/15/2014 Long 4.04 -0.21 -0.04
4/17/2014      Short 1.72 3.66 3.27
4/23/2014 Short -0.41 (xx:20)
Total   11.21 9.39 8.72

 

If you want to join the meter readers you can go to: Join the MiM


Comments about TLT (Twenty year Bond ETF):

image_thumb4

All the way down to 109 from here?  That depends on if the market falls apart or not.

Follow me on Twitter  @redliontrader <<<<<


Breadth Charts in Full:   Zweig Breadth Thrust

image_thumb5

Zzzzzz

 


Cumulative Volume Index:

image_thumb6

Come on buyers, or sellers, get us off this line.


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

image_thumb7

A rest break?


New Highs / New Lows ratio chart:

image_thumb15_thumb_thumb_thumb_thumimage_thumb11_thumb_thumb_thumb_thum

image_thumb8

Some one needs to really pin the needle on either the buy or sell side.


Trenders Short Term Trender –  McClellan Summation Index:

image_thumb9

Bullish.


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

image_thumb10

Bullish.


Parting Shot: 

image_thumb12

Summer has officially arrived… well, in my binary world of Winter/Summer.   We have now been enough days without going below freezing that I feel safe to say we have arrived.

Our 2014 version of the flag, it looks a lot like the 2013 version, has arrived via UPS and now sits on top of the pole.  First grass cutting will be this week and stores in the K’port village are starting to un-shutter for the summer season.  It will be full bore here in a month as we try to squeeze in outdoor living in a small time span.

Thank you all for listening to me through the dark months.

As always, we want your feedback!  marlin@redliontrader.com

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. RedlionTrader.com, 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. RedlionTrader.com, 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.

Whole lot of nothing going on… $ES_F 1887 x 1860


Featured Breadth Chart of the Day:

 

image

We either need the viagra to get this ole’ market going again, or we need to give up and find something younger lower.  We continue to just float around in here without any real directional leadership.

 


Quote of the Day:
An ounce of loyalty is worth a pound of cleverness.
–Elbert Green Hubbard


Comments and Levels for the Front (S&P 500 – E-mini futures) contract:

Short: 1887
Long:  1860

image

I am going to leave my levels the same as Friday for today.   I have marked the charts to show how, since that last topping movement toward the end of April, we haven’t been enable to re-ignite the momentum.    The April 24th high had us selling, but not strong enough to really shake out the longs and make them buy in higher.  That smaller 2% correction only has us back up on the highs again and not showing a whole lot of strength.  We still would like those missing 9:1 down days and an oversold Zweig.

For today we like an 1860 target on the downside.  If that gives way to more selling, look to 1847 and then 1831.

On the upside, if we get it together today, look for the 1879 area again for resistance and if that breaks, our upside target of 1887 should be eyed for some corrective behavior. 

 

On the MiM:

image

Should we call May the big tease?  Another Maxwell Smart MiM, missing by just that much.   I need a greater than 200MM read on the imbalance before 3pm.  It didn’t happen until the end and that last minute surge did move the market, but I don’t ride that way.  I am patient and wait for my chances.

If you have streaming issues, please let me know.  info@mrtopstep.com

Date Of Signal Direction x:00 Entry/Close x:20 Entry/Close x:30 Entry/Close
4/2/2014 Long 1.99 1.09 0.07
4/3/2014 Long 2.71 1.99 0.31
4/11/2014 Short 1.16 2.86 5.10
4/15/2014 Long 4.04 -0.21 -0.04
4/17/2014      Short 1.72 3.66 3.27
4/23/2014 Short -0.41 (xx:20)
Total   11.21 9.39 8.72

 

If you want to join the meter readers you can go to: Join the MiM


Comments about TLT (Twenty year Bond ETF):

image

The sell in May crowd is selling and money is coming into bonds, effectively raising the price and lowering interest rates.  That should be done by the end of May as we get ready for the summer trade.   We like TLT down to 109 from here.

Follow me on Twitter  @redliontrader <<<<<


Breadth Charts in Full:   Zweig Breadth Thrust

image

No momo, no fight either side.

 


Cumulative Volume Index:

image

Same comments as Friday, someone take the wheel! Please!


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

image

Baby steps.


New Highs / New Lows ratio chart:

image_thumb15_thumb_thumb_thumb_thumimage_thumb11_thumb_thumb_thumb

image

Bulls are not convincing, but we did do 132 new highs on Friday… that is not too shabby.


Trenders Short Term Trender –  McClellan Summation Index:

image

Bullish.


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

image

Bullish.


Parting Shot: 

Geek alert.   There is a lot of geek speak about to happen, so if you want to skip you won’t hurt my feelings.   The upshot is you should be using Google Chrome and/or FireFox  and/or Opera as your browser if you want to stay ahead.

But, Marlin, why do you say that?  I have been back in the lab working furiously on new trading communications technology.  I am driven by a few things:

  • My dislike of Flash as a means of sharing audio, video, desktops
  • The mobile revolution and access to everything everywhere
  • My love for HTML 5, OpenCode and standards

Here’s the deal, in the next few months browsers will have built into them the ability not to just retrieve webpages, but to access (with your permission) your microphone, camera and desktop.  That might sound scary, but effectively your browser will be a Go To Meeting or conference center with collaboration enabled right out of the box without needing downloads (Flash) or apps.

Those new capabilities need to be tied together with HTML5 based “pages” and server side signaling, that is all being worked on in dark rooms and garages by tens of thousands of geeks located all over the world.  Most of them are more brilliant than me.    I have to pick a small pond in order to stand out so I am working to address the unique needs of the trading community to allow live chart sharing, communications – both one on one and in larger groups, tracking trades and calls, and ferreting out news and trends.   It will significantly change how we learn, teach and collaborate, how we assimilate news and data.

The point to this little parting shot is to encourage you to use on of the 3 browsers mentioned above, Chrome, FireFox or Opera.  They have banded together to move forward the standards needed to bind us together.  Microsoft Internet Explorer continues to play things close to the vest (they need to protect Skype… which will soon be called Wype) and as always Ms. Softie thinks she has a better way.   She doesn’t.  She wants to use her dominance to hinder and distract what is inevitable.  She will change her ways once she discovers she is, in fact, behind.

In the meantime, on your mobiles, tablets and desktops, do yourselves a favor and become part of the 21st century and learn to install a modern browser, there are changes a coming.

As always, we want your feedback!  marlin@redliontrader.com

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. RedlionTrader.com, 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. RedlionTrader.com, 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.

I ain’t no Houdini and the market drones on… $ES_F 1887 x 1861


Featured Breadth Chart of the Day:

 

image

Zzzzz.  Maybe we are in part 2 of “sell in May and go away”.  Maybe they sold in April and went away in May?  No Volume, No traction, No Movement.   We asked yesterday for someone to take the wheel, either bull or bear and while there seemed to be a fight in the front-seat, no one took control.

Jobs number this AM and I am not a fortune teller so I can not even guess at what the number will be for April jobs.  Even more mystical, I can’t tell you the reaction the market will have to either a good or bad number.  We wait for the market to tell us that, but we do need to leave this orbital level at some point, we have been shy of the 1900s since the beginning of the year.  In order to do that, in order to escape this area and get on the road to recovery, the bulls are going to have to light the next stage of the rocket.  That attempted lighting might just happen this morning.  If not soon, gravity will overwhelm and back down this market will go. 

 


Quote of the Day:
Every man alone is sincere. At the entrance of a second person, hypocrisy begins.
–Ralph Waldo Emerson


Comments and Levels for the Front (S&P 500 – E-mini futures) contract:

Short: 1887

Long:  1861

image

As far as the ES contract, a pop upside with a reversal at 1887 should not bode well, if the market likes stocks and likes them a lot, we should see 1897 today.  That type of move makes a statement.   If we decide to reverse and fill in those 9:1 down capitulation days, we are going to have to reach deep and fast, like 1861.  If we stay in a 10 or 15 point range today, boring, we will have to wait for something else to fire us up.

 

On the MiM:

image

Teased again by the May Day MiM.   I need 200M to make an entry and we were building up nice for a 3:20pm entry, but oops… evaporation and deflation and down that buy-side advantage went.

If you have streaming issues, please let me know.  info@mrtopstep.com

Date Of Signal Direction x:00 Entry/Close x:20 Entry/Close x:30 Entry/Close
4/2/2014 Long 1.99 1.09 0.07
4/3/2014 Long 2.71 1.99 0.31
4/11/2014 Short 1.16 2.86 5.10
4/15/2014 Long 4.04 -0.21 -0.04
4/17/2014      Short 1.72 3.66 3.27
4/23/2014 Short -0.41 (xx:20)
Total   11.21 9.39 8.72

 

If you want to join the meter readers you can go to: Join the MiM


Comments about TLT (Twenty year Bond ETF):

image

TLT should be a bit easier to predict based on today’s number.  If we beat jobs expectations that I think are around 200K jobs, expect TLT to descend.  If we put in dismal numbers, expect this 112 area to give up the ghost and for TLT to go higher.

Follow me on Twitter  @redliontrader <<<<<


Breadth Charts in Full:   Zweig Breadth Thrust

image

Bulls to the left of him, bears to the right, here’s the Zweig stuck in the middle again.

 


Cumulative Volume Index:

image

On the line….


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

image

Baby steps.


New Highs / New Lows ratio chart:

image_thumb15_thumb_thumb_thumb_thumimage_thumb11_thumb_thumb

image

Bulls, you need to convince us with a 90s reading!


Trenders Short Term Trender –  McClellan Summation Index:

image

Bullish.


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

image

Bullish.


Parting Shot: 

Hey FAA, get out of my airspace!

In general, your property rights and privacy extend as an air corridor, between 80 and 400 feet vertically.  The courts have been unclear about this and there is no legislation to protect this, there should be.  Before planes, you owned all the way to heaven if you owned property, that right was taken away by the gift of flight.  I get that.  The FAA controlled airspace is 400 feet and up, I can’t remember where the 80 feet comes from, some other ruling, but in general there is no real definition of what space above your house is considered yours.  Both the courts have ruled both on the 80 foot number in a trespassing case and the 400 foot number. This issue needs some work and attention on our part before our government decides it is best to own it all.

There are a ton of issues about not knowing and not having your air space right protected, privacy for instance.  It is not clear that someone licensed can not park their drone over your house.  I started drone research yesterday because I met someone who knew someone who had just bought a drone to do real-estate pictures,  a classic drone commercial application and federally illegal.

Since 2007 commercial use of a drone is verboten.  There are only two commercial licenses that I know of and both are for flying in the arctic only (do we regulate the arctic?).   So we pay FAA employees to write letters and ground businesses because the FAA is greedy cautious and wants to control everything and because there “might” be a problem and they can’t make rush a decision in a seven year period. Wouldn’t be prudent.    I wonder why we are all skeptical about our government?

Here’s an idea  FAA Chairman, Mr. Huerata, how about you let me play FAA in my, say, tiny 80 feed of airspace, heck make it 50 if need be.  If I want to hire a roof inspector with a 1 pound drone to inspect my roof, or a chimney cleaning machine, or a cat retrieval air craft, or a real-estate photography person, how about I make the call and allow it to happen?  How about we open the doors to commerce and close them to ridiculously slow and draconian regulations?  How about if there becomes a problem and people get hurt, maimed or killed, how about then we regulate?  How about you get out of my air space, FAA?

Take a couple of years to think about that!

As always, we want your feedback!  marlin@redliontrader.com

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. RedlionTrader.com, 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. RedlionTrader.com, 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.

Where is the driver to steer? $ES_F 1897 x 1861


Featured Breadth Chart of the Day:

 

image

Still stuck in the middle on the Zweig.  Someone needs to take control here and really steer the course.

 


Quote of the Day:
After three days, fish and guests stink.
–John Lyly


Comments and Levels for the Front (S&P 500 – E-mini futures) contract:

Short: 1897

Long:  1861

image

We are up against the 1879 discussed yesterday and that puts in a new top and target at 1897, looking for a blow off in that area maybe.   It means if you want to short for the May factor, you have to plan for a long ride up as a possible scenario.  The goal of trading is planning and outlasting your opponent, that means good risk management.

If 1879 turns out today to be the turning area, give or take a few, watch for the bulls at 1861 on the downside and see if they can regain footing, if not we think 1831 will be the first pause area.

 

On the MiM:

image

I have been trying to trade the MiM mechanically.   I was hoping that by the anniversary of this indicator I could be only a mechanical trader.  That requires me to sit down behind the computer, pay attention and trade without really thinking.   That is 3 requirements that I can’t keep 100%.  I don’t always have control over my time (yesterday I was a couple minutes late, a lifetime in computer cycles), paying attention? (enough said on that) trade without thinking?  I think you see the problem.   So my results don’t match the mechanical ones below.

For instance, I took the trade at 3:00pm yesterday.  Long at 1877 on the June contract.  There was no mechanical entry according to our chart above, at 3:00pm it was 64/63%,  that is below my threshold.

The next entry time was 3:20pm, again no entry yet I continued to play my trade.  My story ends positive – the MiM charts end up without a final trade for April but all that being said, April was a good ride for the MiM and May will be my anniversary month which last year (I only had access during the last two weeks) was a pretty darn good ride during turbulent times.

If you have streaming issues, please let me know.  info@mrtopstep.com

Date Of Signal Direction x:00 Entry/Close x:20 Entry/Close x:30 Entry/Close
4/2/2014 Long 1.99 1.09 0.07
4/3/2014 Long 2.71 1.99 0.31
4/11/2014 Short 1.16 2.86 5.10
4/15/2014 Long 4.04 -0.21 -0.04
4/17/2014      Short 1.72 3.66 3.27
4/23/2014 Short -0.41 (xx:20)
Total   11.21 9.39 8.72

 

If you want to join the meter readers you can go to: Join the MiM


Comments about TLT (Twenty year Bond ETF):

image

A fairly neutral FOMC press release indicating a slow tapering, that leaves us sideways on the TLT.  Yesterday’s poor economic numbers, on the other hand, have us looking toward low rates for a while.  That will eventually turn in our favor.  

Follow me on Twitter  @redliontrader <<<<<


Breadth Charts in Full:   Zweig Breadth Thrust

image

Bulls need to break out today.

 


Cumulative Volume Index:

image

On the line.


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

image

In the last couple of days we have pulled back enough to make a decent foot hold for a push higher.


New Highs / New Lows ratio chart:

image_thumb15_thumb_thumb_thumb_thum[2]image_thumb11_thumb

image

Falling short of the 90s, we did 107 new highs on the NSYE, that needs to get up above 200 soon.


Trenders Short Term Trender –  McClellan Summation Index:

image_thumb12_thumbimage_thumb10_thumbimage

Neutral.


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

image_thumb16_thumb

Bullish.


Parting Shot: 

Happy May Day to all!  Time to put on our traditional garbs and wrap some ribbons around a May Pole.  Not gonna happen here today for me, it’s rainy and 42 degrees.

As always, we want your feedback!  marlin@redliontrader.com

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. RedlionTrader.com, 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. RedlionTrader.com, 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.

There goes the Neighborhood $ES_F 1879 x 1869


Featured Breadth Chart of the Day:

 

image_thumb[1]

Holding pattern for higher prices potentially.  It is all about fed speak today.

 


Quote of the Day:
It could probably be shown by facts and figures that there is no distinctly native criminal class except Congress
–Mark Twain


Comments and Levels for the Front (S&P 500 – E-mini futures) contract:

Short: 1879
Long:  1861

image_thumb[3]

On the upside we have 1879 to watch for a reach, that might come at announcement time today at 2pm ET.   We could drift higher into the news but expect volatility to be squished until we do.

 

Today is the last trading day in April.  I would expect volatility in the last two hours of trading.  It is going to be fun to watch.  Let’s see if the  “sell in May crowd” steps in or if the “short in May” crowd gets squeezed today.

 

 

On the MiM:

image_thumb[4]

Absolutely nothing on the MiM.  Worth watching today to see if the institutions are in the “Sell in May” crowd.

If you have streaming issues, please let me know.  info@mrtopstep.com

Date Of Signal Direction x:00 Entry/Close x:20 Entry/Close x:30 Entry/Close
4/2/2014 Long 1.99 1.09 0.07
4/3/2014 Long 2.71 1.99 0.31
4/11/2014 Short 1.16 2.86 5.10
4/15/2014 Long 4.04 -0.21 -0.04
4/17/2014      Short 1.72 3.66 3.27
4/23/2014 Short -0.41 (xx:20)
Total   11.21 9.39 8.72

 

If you want to join the meter readers you can go to: Join the MiM


Comments about TLT (Twenty year Bond ETF):

image_thumb[17]

Trading 112 x 110 and the bonds will be waiting for text and words like: “extraordinary, long period of time, accommodative, expectations, tapering, extended”, all words for the Fed Lexicon.  Watch the bonds at 2pm for a clue to the markets.

Follow me on Twitter  @redliontrader <<<<<


Breadth Charts in Full:   Zweig Breadth Thrust

image_thumb[5]

Can the bulls follow through?  Momentum has waned for the bulls, but there is a comma inserted here in the markets waiting for the Fed to speak.

 


Cumulative Volume Index:

image_thumb[6]

Right on our line.


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

image_thumb[7]

We have in the last couple of days pulled back enough to make a decent foot hold for a push higher.


New Highs / New Lows ratio chart:

image_thumb15_thumb_thumb_thumb_thum[2]image_thumb[11]

image_thumb[14]

Bulls still need the 90s, bears the 40s;


Trenders Short Term Trender –  McClellan Summation Index:

image_thumb[12]image_thumb[10]image_thumb[15]

Bearish.


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

image_thumb[16]

Bullish.


Parting Shot: 

Someone asked me how I felt about the NBA owner and the commissioners lifetime ban and how to handle private conversations that are leaked and how the press has reacted and blah blah blah.  None of it directly effects me so I don’t really have to make any decision and without a decision or action I don’t really need to form an opinion. I don’t watch NBA, I don’t live in LA, I don’t go to Clipper games and there are enough people that do have to make a decisions that I get to move on to all my own issues knowing someone else is going to take care of it. 

I thought one of the more insightful pieces on the subject was written by Kareem Abdul-Jabbar in a Time.com opinion piece:

http://time.com/79590/donald-sterling-kareem-abdul-jabbar-racism/

So back I go to my main task at hand,  to love my neighbor and to help my neighbor to love their neighbors and hope the chain spreads all the way to you.   Glad Donald Sterling’s not my neighbor, life is hard enough.

As always, we want your feedback!  marlin@redliontrader.com

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. RedlionTrader.com, 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. RedlionTrader.com, 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.

Crossing the narrows $ES_F 1883 x 1847


Featured Breadth Chart of the Day:

 

image_thumb[1]

Selling continued yesterday during the day until the markets found some firm footing at 1847, our 2nd line of defense.  If you are bullish, here below the line is accumulation area.   We still want to play for a downside move but we may squeeze higher between here and there.


Quote of the Day:
All men’s misfortunes spring from their hatred of being alone.
–Jean de La Bruyère


Comments and Levels for the Front (S&P 500 – E-mini futures) contract:

Short: 1883
Long:  1847

image_thumb[2]

Yesterday our high level was 1873, that needs to be watched again today. But the new breeze of buying that started mid-day yesterday could spurt us up another 10 beyond that to the 1883 area.  We continue to wait for the markets to roll over for a longer period of time.

 

On the MiM:

image_thumb[3]

MiM below my threshold again yesterday. 

If you have streaming issues, please let me know.  info@mrtopstep.com

Date Of Signal Direction x:00 Entry/Close x:20 Entry/Close x:30 Entry/Close
4/2/2014 Long 1.99 1.09 0.07
4/3/2014 Long 2.71 1.99 0.31
4/11/2014 Short 1.16 2.86 5.10
4/15/2014 Long 4.04 -0.21 -0.04
4/17/2014      Short 1.72 3.66 3.27
4/23/2014 Short -0.41 (xx:20)
Total   11.21 9.39 8.72

 

If you want to join the meter readers you can go to: Join the MiM


Comments about TLT (Twenty year Bond ETF):

image_thumb[4]

112 was the hold yesterday and bonds fell along with the markets. 

Follow me on Twitter  @redliontrader <<<<<


Breadth Charts in Full:   Zweig Breadth Thrust

image_thumb[5]

Very interesting here as lower-prices were solidly rejected yesterday mid-day,  yet the A/D lines remain a bit more negative overall.  Today is follow through gap up and again a watch for a hold and higher.

 


Cumulative Volume Index:

image_thumb[6]

Below the line, but if this gap up holds we will soon be above it.

 


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

image_thumb[7]

Dull.


New Highs / New Lows ratio chart:

image_thumb15_thumb_thumb_thumb_thum[2]image_thumb[9]

This is the day that the bulls need to build it back up to the 90s by holding the gap up this AM and adding to it during the day.  Yesterday we had 100 new highs on the NYSE.  That needs to be like 150 today.


Trenders Short Term Trender –  McClellan Summation Index:

image_thumb[10]

Neutral.


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

image_thumb[11]

Bullish.


Parting Shot: 

Route one travels from the top of Maine (Fort Kent) all the way down to Key West, Florida, a distance of about 2,400 miles.   One section of that crosses the Penobscot Narrows, an interface between the Penobscot river in Maine and the Atlantic ocean.   For almost 100 years that gap had been spanned by a traditional suspension bridge until it was declared unsafe and unfixable in 2000.   Emergency band aids and weight limits were added to the old bridge as it is the only crossing for about 20 miles and a total loss would have been regionally devastating.

In an engineering feat, a new bridge was designed, approved and built in just 42 months, giving a safe link back to the two sides of the river. One of the great features built into the bridge was an observation deck in the top of the south tower.At 420 feet above sea level it gives unprecedented views over the Penobscot bay.   If you find yourself rambling along Route One during the summer, take the time to appreciate the human engineering work that gives both horizontal and vertical access to take in God’s engineering. 

As always, we want your feedback!  marlin@redliontrader.com

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. RedlionTrader.com, 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. RedlionTrader.com, 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.

Panoramic view today… Can the bears follow through? $ES_F 1857 x 1873


Featured Breadth Chart of the Day:

 

image

We are not sure of the outcome today.  The selling on Friday has us back on the accumulation trendline.  That was some real selling.   The gap up this AM needs to hold through 10:30am ET or we can expect to see selling resume.  Today is a crossroads and you need to be looking or the turn signal.


Quote of the Day:
There should be no yelling in the home unless there is a fire.
–David Oman McKay


Comments and Levels for the Front (S&P 500 – E-mini futures) contract:

Short: 1873
Long:  1857

image_thumb[2]

Another weekend gap up.  When you see “who wants to own this over the weekend” that is a good time to buy.  High weekend disaster expectations that don’t materialize create nice gap up Mondays.

Today we want to watch the open for confirmation on better sentiment than Friday.   For today we expect the 1873 area, if touched, to provide enough resistance to reverse the market.  If we decide down is the direction, we would expect buyers to be in the 1857 area and look for a hold there.

 

On the MiM:

image_thumb[1]

Symbols favored the sell side of the book but some large buys on banks going into the close with Citi at $150M and JP Morgan at $140M.  That threw the meter into a divergent outcome.

If you have streaming issues, please let me know.  info@mrtopstep.com

Date Of Signal Direction x:00 Entry/Close x:20 Entry/Close x:30 Entry/Close
4/2/2014 Long 1.99 1.09 0.07
4/3/2014 Long 2.71 1.99 0.31
4/11/2014 Short 1.16 2.86 5.10
4/15/2014 Long 4.04 -0.21 -0.04
4/17/2014      Short 1.72 3.66 3.27
4/23/2014 Short -0.41 (xx:20)
Total   11.21 9.39 8.72

 

If you want to join the meter readers you can go to: Join the MiM


Comments about TLT (Twenty year Bond ETF):

image_thumb[4]

If we fall apart more this week, we would expect to see the 112.75 area get reached.  If we start to rally the market again for new highs, we should see the bonds settle down and money migrate back into equities, that would have us lower.  We would expect to trade between 110.50 and 112.75

Follow me on Twitter  @redliontrader <<<<<


Breadth Charts in Full:   Zweig Breadth Thrust

image_thumb[5]

Bears need to crush this open today and sell us back down and get this Zweig down to an oversold (less than 40) reading, or this is just a rock back onto the heels getting ready for the next step up.

 


Cumulative Volume Index:

image_thumb[6]

Back to the buy line.  Selling on Friday was harsh.

 


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

image_thumb[7]

Dull.


New Highs / New Lows ratio chart:

image_thumb15_thumb_thumb_thumb_thum[2]image_thumb[8]

Still in the 90s.  Bears be warned that this could blow back up.  134 new highs yesterday on a weak day.


Trenders Short Term Trender –  McClellan Summation Index:

image_thumb[9]

Neutral.


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

image_thumb[10]

Bullish.


Parting Shot: 

I love my cell phone, not as a phone but as a direct access to the web and all that brings and also for the integration of the camera.  This weekend I enjoyed my trip to Camden and snapped pictures all weekend, I use my pictures as my diary.  If a picture paints a 1000 words, I am writing a lot.

Camden is home to the Maine schooner fleet.  This two-masted schooner is getting a new paint job on a rare warm, sunny spring day.

I am a Google guy.  I know, it is scary.  I have handed over all my privacy to Sergey and Brin, but the convenience is worth it and I have nothing to hide and when I do, I will cut the cord.  My Android phone (Galaxy S4) is connected to my Gmail and Google+ accounts and all my pictures are transparently uploaded into a Google Picassa folder for perpetual storage, I don’t have to do a thing.

This picture above was a series of three shots.  A stern of boat a middle of boat and the bow shot.  On upload, Google recognizes the proximity of the three and automatically stitches the images together to make a panoramic.  I don’t have to stand there and sweep the image, shoot, shoot, shoot done.  That is great.  There are several other great new auto processing features that Google is doing on image upload.  We live in a great era.  

As always, we want your feedback!  marlin@redliontrader.com

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. RedlionTrader.com, 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. RedlionTrader.com, 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.

Looking for a safe harbor $ES_F 1830 x 1859


Featured Breadth Chart of the Day:

 

image

Ok, A/D line down but price not so much.  A gap down open today has us hoping for more downside follow through.


Quote of the Day:
You cannot build a reputation on what you intend to do.
–Liz Smith


Comments and Levels for the Front (S&P 500 – E-mini futures) contract:

Short: 1883
Long:  1859

image

The market is tightening up, that 1830 from yesterday was repulsive and we have moved down 1868 to 1859 for today.  A break of that area and there is an indication that no one wants to hold over the Ukrainian weekend.   Below 1859 we have 1848.   Yesterday, breadth wise, was sufficiently strong enough to warrant all out bearish type trading.  A strong updraft could occur at any moment.

Watch the opening hour today to judge if the US market shares the European sentiment.

 

On the MiM:

image

No-Show MiM yesterday.  Look how tight that close was, +/- one point. ZZZZzzzzzzzz

 

If you have streaming issues, please let me know.  info@mrtopstep.com

Date Of Signal Direction x:00 Entry/Close x:20 Entry/Close x:30 Entry/Close
4/2/2014 Long 1.99 1.09 0.07
4/3/2014 Long 2.71 1.99 0.31
4/11/2014 Short 1.16 2.86 5.10
4/15/2014 Long 4.04 -0.21 -0.04
4/17/2014      Short 1.72 3.66 3.27
4/23/2014 Short -0.41 (xx:20)
Total   11.21 9.39 8.72

 

If you want to join the meter readers you can go to: Join the MiM


Comments about TLT (Twenty year Bond ETF):

image

Testing the 111.50 area.  We should bust through today if the market decides to seek safety for the weekend.

Follow me on Twitter  @redliontrader <<<<<


Breadth Charts in Full:   Zweig Breadth Thrust

image

Price needs to follow through weaker A/D lines.

 


Cumulative Volume Index:

image

Neutral.

 


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

image

Dull.


New Highs / New Lows ratio chart:

image_thumb15_thumb_thumb_thumb_thum[1]image

Still in the 90s.  Bears be warned that this could blow back up.  134 new highs yesterday on a weak day.


Trenders Short Term Trender –  McClellan Summation Index:

image

Bullish.


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

image

Bullish.


Parting Shot: 

 

Heading up to Camden, Maine.  My wife has planned a get away weekend.  It is awesome up there.   There is a large hill (Mt. Batte) right next to town where this photo was taken.  It is a great harbor and home of Maine’s schooner fleet that sails each summer with guests that want to experience life in the old days.  I am looking forward to the new ones and a nice cushy bed. 

Peyton Place outdoor scenes were based on Camden.   There are great restaurants, walks and scenery, not to mention a new winery that is the best in Maine (ok don’t laugh, it’s pretty good you west coast elites).

The work week ends for me at noon time today.  Enjoy your weekend, all.

As always, we want your feedback!  marlin@redliontrader.com

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. RedlionTrader.com, 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. RedlionTrader.com, 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.

Save a vet, fire an administrator $ES_F 1883 x 1862


Featured Breadth Chart of the Day:

 

image

Markets took a rest on the way up to oversold on the Zweig.  Today’s gap open should correct that.  Zweig needs a 2:1 on the NYSE a/d line today.  Yesterday it was a very, very neutral 1:1.


Quote of the Day:
WAIT! Nature calls!
–rdude
(in the middle of a ping-pong game)


Comments and Levels for the Front (S&P 500 – E-mini futures) contract:

Short: 1883
Long:  1862

image

We are trapped short here in a bullish market.  That is a tough place to be.  For today, to make all our dreams come true, we want to see 1883 become a top and then fall apart down to the 1862 region.

The gap open today will be a challenge for that scenario.  If after 10:30am we continue to push higher, watch for a reach to the 1892 area.

 

On the MiM:

image

Tricked.  I was tricked yesterday into a short with an early read that was biased all to the sell side.  Perfect setup right?  Well, no, I lost a point on my ES trade and our chart takes a half point hit with a 3:20pm exit that lost the signal and eventually we saw the meter bounce back to the up side.

 

If you have streaming issues, please let me know.  info@mrtopstep.com

Date Of Signal Direction x:00 Entry/Close x:20 Entry/Close x:30 Entry/Close
4/2/2014 Long 1.99 1.09 0.07
4/3/2014 Long 2.71 1.99 0.31
4/11/2014 Short 1.16 2.86 5.10
4/15/2014 Long 4.04 -0.21 -0.04
4/17/2014      Short 1.72 3.66 3.27
4/23/2014 Short -0.41 (xx:20)
Total 11.21 9.39 8.72

 

If you want to join the meter readers you can go to: Join the MiM


Comments about TLT (Twenty year Bond ETF):

image

Let those interest rates rip.

Follow me on Twitter  @redliontrader <<<<<


Breadth Charts in Full:   Zweig Breadth Thrust

image

A rest beat.   Will the tempo pick up today post open?


Cumulative Volume Index:

image

Neutral.

 


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

image

Dull.


New Highs / New Lows ratio chart:

image_thumb15_thumb_thumb_thumb_thum[2]image

Remains bullish.  Watch for > 100 on the NHs today.


Trenders Short Term Trender –  McClellan Summation Index:

image

Bullish.


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

image

Bullish.


Parting Shot: 

US military veteran Eugene Morgan, from West Memphis, Arkansas, speaks about his first visit to the World War II Memorial October 2, 2013 in Washington, DC. Veterans groups continue to visit the various war memorials even though they have been shuttered by the government shutdown.  AFP PHOTO / Karen BLEIER        (Photo credit should read KAREN BLEIER/AFP/Getty Images)

 

When it comes to our veterans, we all owe our freedoms to their sacrifices and should move to the back of the line.  That is how I feel.  My wife, on a recent cross country flight, gave up her precious aisle seat and took a middle seat to make room for two soldiers and their service dogs.  That is how it should be.

While the rest of us are selfishly trying to protect our healthcare, the VA hospital system continues to fall apart.  For those of us (me included) that argue that we want a government controlled healthcare system, our opponents can simply see how our current government controlled VA hospital has failed those that should be at the front of the line.  It is embarrassing, shameful and should shake us all with rage regardless of how we feel about Obamacare. Our veterans deserve better, much better.

While we spend a couple of million of dollars chasing down fugitive cows, the veterans in Pheonix find themselves being gamed in a two list system:  one list was sent to DC to show that the VA hospital had met the requirements while the real list revealed that  veterans had to wait up to a year to see a doctor.  Some patients actually passed away while waiting.  That is fraud and instead of allowing our government employees to take the fifth we need to see real charges, real jail time.  It blatant governmental arrogance (we also saw it in Governor Christie’s office with the bridge closing).  It is time we let the cows roam and fight green collar crime and see the jails hold some of these abusers. Being disciplined isn’t enough.

Just how I feel.

As always, we want your feedback!  marlin@redliontrader.com

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. RedlionTrader.com, 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. RedlionTrader.com, 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.