Watching for 1886 for a decision point $ES_F 1886 x 1876

Commentary, E-mini S&P 500, MiM

Featured Breadth Chart of the Day


Had been feeling bearish, until I saw the NHs/NLs are back in the 90s.  That is the bullish setting.  It needs to hold there today or even advance for the bulls.

Quote of the Day:
I am not a vegetarian because I love animals; I am a vegetarian because I hate plants.
–A. Whitney Brown

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

Short: 1886
Long:  1876


We have set up a 10 point range today.  That is tight for us.  Above 1886 and the bulls are back driving the bus.  Below 1876 and our premise that we are going to garner strength by going lower should be in play.   We are on the fence in here and maybe a day of price action will help clear it up.

On the MiM:


No signal on the MiM.  We are looking for a follow up sell signal to convince ourselves we are going lower.

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
5/16/2014 Short -2.22 -1.40 -2.11
Total   2.77 2.72 0.59


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

Comments about TLT (Twenty year Bond ETF):


At what level will this break?

Follow me on Twitter  @redliontrader <<<<<

Breadth Charts in Full:   Zweig Breadth Thrust


Time to see some selling soon.


Cumulative Volume Index:


Still a lot of nothing.

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


Bouncing around

New Highs / New Lows ratio chart:



Oh no! Watch out bears, the bulls are running in the 90s again


Trenders Short Term Trender –  McClellan Summation Index:



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



Parting Shot: 


I haven’t written in a while about my goal to reduce my power bill.   I have been putting timers on my machines, LED bulbs in heavy use areas and slowly I am cutting back.  I look to be on a path to save about $1000 off my 2014 bill over 2013.  That is a lot of bulbs!

As always, we want your feedback!

Thank you for Reading – Marlin aka RedlionTrader @redliontrader

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