The only constant is change, embrace it. $ES_F 1835 x 1817

MrTopStep.com


Featured Breadth Chart of the Day:

 

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image thumb79 The only constant is change, embrace it. $ES F 1835 x 1817

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Our Zweig has bounced, but we think that will last only a couple of days as we wait for some exhaustive selling to hit the reset switch and get us back on the bull and narrow.

 


Quote of the Day:
That’s right. ‘Tain’t yours, and ’tain’t mine.
–Mark Twain
(when friend said that a certain rich man’s money was “tainted”)


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

Short: 1835
Long:  1817

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For today, we like looking for  a short at 1835 and a hold at 1817.  We do think that there is more selling on the horizon.

 

On the MiM:

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Run up into the close as a squeeze comes in.  It wasn’t because the institutions were buying the close, very neutral yesterday.   We are halfway through the month and we have three of my signals. I would like to see the big players come in to confirm any recovery here.

 

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
4/11/2014 Short 1.16 2.86 5.10
Total   5.86 5.94 5.49
  • 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 The only constant is change, embrace it. $ES F 1835 x 1817

The only constant is change, embrace it. $ES F 1835 x 1817


Comments about TLT (Twenty year Bond ETF):

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We have this constrained and looking for much lower with 111.50 as a possible high.  That has been a shifting high as we called 109, 109.77, 110.  Sometime you just have to retreat.  We think our idea of lower is correct, just not yet.

Follow me on Twitter  @redliontrader


Breadth Charts in Full:   Zweig Breadth Thrust

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Looking for a lower reading.


Cumulative Volume Index:

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For those long termers this is accumulation area in here, below this trend line.

 


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

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Holding for now.


New Highs / New Lows ratio chart:

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We should not bet above 80 if our thesis of more down to come is true. 


Trenders Short Term Trender -  McClellan Summation Index:

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Bearish.


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

wlEmoticon nyahnyah3 The only constant is change, embrace it. $ES F 1835 x 1817

The only constant is change, embrace it. $ES F 1835 x 1817

:

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Bearish.


Parting Shot: 

 

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20140412 194832 The only constant is change, embrace it. $ES F 1835 x 1817

The only constant is change, embrace it. $ES F 1835 x 1817

Don’t worry about a thing, cause every little thing is gonna be all right.

This weekend my absent wife (She was doing a Thelma and Louise thing, with a new ending) bought me tickets to see Natalie Merchant in Portsmouth NH for my birthday.   The venue was the Music Hall in Portsmouth NH, a truly awesome building built in 1878.

I don’t have a picture of the concert as the management asked us to keep our phones on off and no pictures.  Strange.  Natalie is an amazing singer, when she hits that spot there is no one on earth that sounds like her.  A poet with a voice. In May she is releasing her first album in 13 years.  She needs to promote!  She needs to come on stage and say “light em up!  Everyone snap a shot and tweet the world how awesome I am and how much fun you are having”.  I would have done it and then you would have re-tweeted and then your friends would have done the same and the whole world would buy her album or at least Google her to find out who she is. More likely I would have lost another 100 followers

wlEmoticon sadsmile The only constant is change, embrace it. $ES F 1835 x 1817

The only constant is change, embrace it. $ES F 1835 x 1817

, but you get the idea.   I felt constrained by rules that, although good for a play, didn’t seem right for a concert in 2014.

We live in a world that has changed tremendously since this hall was built 150 years ago.  We didn’t arrive in horse and buggy.  How the heck did they park all those buggies?  There was no car parking for blocks around.

I love my phone.  I love the camera in my phone.  I can snap a memory where ever I am.  I can communicate to my four boys whenever I want.  I can track and talk to my wife and offer ground support as she and her sister drive cross-country.  I can check in on my mom and she can reach me if need be. I can operate my web-services from anywhere Verizon can reach me.  Server down? No problem.  I have never felt so free in my life, I can’t tell you how much that is worth,  to me it is invaluable.  We live in the best of times, right here, right now. 

So light ‘em up. Tweet, text and snap.  Use https://groovebook.com/, if you don’t know what that is, you should.  I get a diary of pictures each month.  Use coupon Cobb192.  I don’t get anything for it, but you get a free month. Turn the ringer down, that is obnoxious, and don’t talk in public places and if you are on the phone talking, please don’t make eye contact with me.  I always end up joining in on the conversation.

The concert was great, sorry I don’t have an pictures.

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

Thank you for Reading – Marlin aka RedlionTrader @redliontrader

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