Duck, Duck Goose $ES_F 1856 x 1831

MrTopStep.com


Featured Breadth Chart of the Day:

 

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image thumb55 Duck, Duck Goose $ES F 1856 x 1831

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There’s the bounce, but can we sustain a 2nd day?  The long term trender is back to bullish.  This is a zombie market and the bulls need to either rally harder or the bears need to just finish them off.


Quote of the Day:
In life, as in chess, forethought wins.
–Charles Buxton


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

Short: 1860
Long:  1830

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Called for a bounce off 1830 and we have revised our high target to 1857.  If that breaks and we are once again enthused we should see 1867 over the next couple of days.

 

On the MiM:

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While the MiM was aligned on the sell side, it never got the magnitude we were looking for.

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
Total   4.70 3.08 0.38
  • xx:20pm exit as the signal went away.

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

MiMlogo 1501 Duck, Duck Goose $ES F 1856 x 1831

Duck, Duck Goose $ES F 1856 x 1831


Comments about TLT (Twenty year Bond ETF):

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image thumb58 Duck, Duck Goose $ES F 1856 x 1831

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We want lower, back to 105 area. Patience. 

Follow me on Twitter  @redliontrader


Breadth Charts in Full:   Zweig Breadth Thrust

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Bounce


Cumulative Volume Index:

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Bounce.. can we follow through?

 


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

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image thumb61 Duck, Duck Goose $ES F 1856 x 1831

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Bounce


New Highs / New Lows ratio chart:

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Bounce.. look for regaining the 90s


Trenders Short Term Trender -  McClellan Summation Index:

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Bearish.


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

wlEmoticon nyahnyah Duck, Duck Goose $ES F 1856 x 1831

Duck, Duck Goose $ES F 1856 x 1831

:

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Bullish.. chopping.. Bulls need to show a 2nd day.


Parting Shot: 

 

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They are back!  Last night they must have flown in, as this morning they were here in the pond when I awoke.  The pond is about 90% ice free now.  These little ducks, Buffleheads, love cold water, very cold, like Martini cold.   They will only stay here for a few weeks before the water become too warm and they fly north to find some other water on the rocks to live and eat in.

Because they are warm blooded and they live in cold water they have to eat a lot to generate the heat they are losing. They eat constantly.  Diving deep and picking up plant matter from the bottom of the pond continually, night and day. I think they live more under water than above the water.  That hyperactivity makes them fun to see and watch and they are part of our nature’s clock.  The small hand is officially on Spring.

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

Thank you for Reading – Marlin aka RedlionTrader @redliontrader

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