Featured Breadth Chart of the Day:
Bulls have the new highs / new lows up in the 90s again. That is good bullish work.
Quote of the Day:
A thing well said will be wit in all languages.
Comments and Levels for the Front(S&P500 – Emini futures) contract:
We have moved up the upper target line, our most bullish line, it now sits at 1855 with a station stop at 1848. We might want to move our seats to facing in the other direction if we get failure there.
Downside we sit at 1822 for buyers to come back in and attempt to lift the market again.
On the MiM
We are coming into the last week in February for the MiM and are fighting our first losing month. Just 5 days to go. Let’s see if buyers or sellers step in these final days.
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|Date Of Signal||Direction||x:00 Entry/Close||x:20 Entry/Close||x:30 Entry/Close|
* – 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):
If we can break above 107.25 that should take us to 108, but I think longer term we are heading down and that target currently sits at 105.25
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Breadth Charts in Full:
Zweig Breadth Thrust
Zweig holding for a grind higher.
Cumulative Volume Index:
Need to add some upside volume today.
Number of NYSE issues trading ABOVE their 40 day moving average (40DPI):
Ditto on the 40 DPI.
New Highs / New Lows ratio chart :
Nice on the NHs.
Short Term Trender – McClellan Summation Index:
Long Term Trender – Cumulative 4-week Highs – Lows (the fat lady):
Olympics are over. Warm weather vacation is over. What can I do next for excitement? How about a trip to Chicago?!
I will be leaving today for a 4 day trip to the Windy City (right in the middle of another polar vortex). I will do my best to keep this newsletter going. It might just be a bit different as I will not have access to all my resources, but I will do my best.
Warm weather is coming soon, right?
As always, we want your feedback! firstname.lastname@example.org
Thank you for Reading –
Marlin aka RedlionTrader @redliontrader
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