Follow the stream $ES_F 1901 x 1882

Commentary, E-mini S&P 500, MiM

Featured Breadth Chart of the DayNyah-Nyah


We like the 90s to keep us bullish, we were close to that on the NHs/NLs numbers.   We would like to have seen something greater than 200 new highs, we only did 150.

Quote of the Day:
The enraged colonists were mad.
–CJ’s US History Work

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

Short: 1901
Long:  1882


Upside for today is 1901 for us.  If the markets move beyond that, we think they can go much higher.  If we fail there, watch a fall down to the 1% area of 1880 or, as we have it marked, 1882.

On the MiM:


A strange MiM to trade as it was late in producing.  I did a 3:20pm entry and you can argue that I shouldn’t have based on this chart.  I was a bit late at checking in and right after 3:20pm the MiM reached the 200MM threshold, hence the entry.  Again at 3:30pm the MiM was building so another entry.  I basically closed out break even on the trade.

If you have streaming issues, please let me know.

Date Of Signal Direction x:00 Entry/Close x:20 Entry/Close x:30 Entry/Close
5/6/2014 Long 1.88 (xx:20)
5/8/2014 Long 3.11 (xx:40) 1.24 (xx:40)
5/9/2014 Long 2.72 2.50
5/13/2014 Long   0.26 0.20
Total   4.99 4.22 2.70


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

Comments about TLT (Twenty year Bond ETF):


Wrong way TLT… Money moving into bonds again.

Follow me on Twitter  @redliontrader <<<<<

Breadth Charts in Full:   Zweig Breadth Thrust


Bulls have today to turn it around and the starting line is a bit behind yesterday’s close.


Cumulative Volume Index:


Still not broken out higher.

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


Breakout, but needs to push even higher out of this hole.

New Highs / New Lows ratio chart:



Bulls want to bump it up and if they do, watch out.

Trenders Short Term Trender –  McClellan Summation Index:


Bullish – weak bullish trend change on the short term trender.

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



Parting Shot: 


Coming soon!  Maybe tomorrow?  I am just putting some finishing touches on my new chart streaming and chat technology.   I will be looking for some brave volunteers to do some button pushing and debug reporting.  I have to do just a little bit more tweaking today and tomorrow I will publish the public link if you want to come in and say hi.


As always, we want your feedback!

Thank you for Reading – Marlin aka RedlionTrader @redliontrader

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