Featured Breadth Chart of the Day:
Lest we think they are not buying. Our accumulation volume has also made a new high.
Quote of the Day:
If you really want to do something, you will find a way. If you don’t, you will find an excuse.
Comments and Levels for the Front(S&P500 – Emini futures) contract:
Short: 1858 Long: 1848
Breakout to the upside, and what do you know, that breadth we have been talking about all week as being strong, was signaling upside all the time. For today, we are thinking we want to be short into the close. Longer term we remain bullish.
On the MiM
The MiM flirted with a sell signal and finally popped one at 3:20 which turned out to be a good entry if you exited as soon as the signal evaporated. I think we are going to see some selling today on the close. Let’s watch.
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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):
Mission 108 was hit yesterday and we said we wanted to take a day off and sit back and see what happened. Well, it squeezed and climaxed at 109.50ish. Watch for 111 now. I will short that level if we get there.
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Breadth Charts in Full: Zweig Breadth Thrust Not much Happy sitting here trending.
Cumulative Volume Index: Adding New Highs.
Number of NYSE issues trading ABOVE their 40 day moving average (40DPI):
A potential to trail much higher.
New Highs / New Lows ratio chart : Gap down Chatter in the 90s.
Trenders Short Term Trender – McClellan Summation Index:
Long Term Trender – Cumulative 4-week Highs – Lows (the fat lady):
It is the end of the month and I wanted to check in on my “Cut my electricity bill in half” project. I am in the process of replacing burned out light bulbs with LED based bulbs. I am managing the running of my computers ( 6 ) better, I have replaced the hot tub cover with an energy efficient cover and I have replaced my air handler’s filter with an energy efficient flow filter.
Despite a brutally cold and snowy February, I am making progress on the bill. Last year I was $430 for the month of February, this year (with 2 days left on the graph above) I am at $202. I should end below $230 and that means my efforts have paid off and I am saving $200 for February. I still have more to do, but I am on the right course.
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