Ride the MiM today.. $ES_F 1871 x 1853


Featured Breadth Chart of the Day:


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To the 90s for the bulls again. Chop Chop

Quote of the Day:
Civilization begins with order, grows with liberty, and dies with chaos.
–Will Durant

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

Short: 1871
Long:  1853

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Yesterday we said we could see 1867 in the next couple of days.  It only took one!  Our NH/NL chart is back to the 90s and spring fling is back on.

For today a test of 1853 is worth watching for a hold and a reach of 1871 might bring in some sellers looking to change in stocks for cash.  Those are our two areas on today’s radar.


On the MiM:

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Straight down the middle, no real advantage, no trade for me.

Hey.. I am doing a webinar on the MiM and closing imbalances in general.. look at my self-promoting parting shot below to see how you can witness this appearance yourself.. today…

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 Ride the MiM today.. $ES F 1871 x 1853

Ride the MiM today.. $ES F 1871 x 1853

Comments about TLT (Twenty year Bond ETF):

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Follow me on Twitter  @redliontrader

Breadth Charts in Full:   Zweig Breadth Thrust

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Cumulative Volume Index:

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Bounce.. can we follow through? yes, can we follow through again?


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

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New Highs / New Lows ratio chart:

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Back to the 90s.

Trenders Short Term Trender -  McClellan Summation Index:

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

wlEmoticon nyahnyah1 Ride the MiM today.. $ES F 1871 x 1853

Ride the MiM today.. $ES F 1871 x 1853


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

Parting Shot: 


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I love the MiM.   I think it is one of the best tools I have ever used to trade and because I made the front-end webpage and the Node JS server that serves up the data, and because I trade it, and because I write about it  ” they” thought I should share about it.   Pretty sure that is not a wise idea as I am a terrible public speaker.  I always have been.  It’s an attention span thing.. I totally get the Obama teleprompter crutch. 

They say you do best when you talk about something you love, we’ll see.

If you have nothing better to do today and want to learn how the MiM works and how the NYSE closes its books everyday and why the market does wild gyrations into the close, moves that take away your hard earned profits from the morning,  then turn the dial on your browser to: http://www.tradingpub.com/event-registration/

I am scheduled to appear at 3:15PM ET.  There are speakers ahead of me so it might be later, but check in on that channel at that time.   They have me speaking for an hour and 15 minutes.  That is a long time and a lot of words. I will use up all my spoken words in a week!

All kidding aside, I do love the MiM, I think it is unique data that helps you understand the last hour and I put together some useful slides to help understand the last hour and even if you are not a MiM rider it will illuminate some of the moves .  You will learn something, like what the current temperature in Fortunes Rocks Maine is.

Ride the MiM!

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

Thank you for Reading – Marlin aka RedlionTrader @redliontrader

DISCLAIMER: The information and data in the following report(s) were obtained from sources considered reliable. Opinions, market data, and recommendations are subject to change at any time. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any commodities or securities. RedlionTrader.com, its  officers, directors and its contributors may in the normal course of business, have position(s), which may or may not agree with the opinions expressed in this report. RedlionTrader.com, its officers, and directors are not agents, representatives, or affiliates of the CME Group or any trading entity. Trading Futures, Options, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Any decision to purchase or sell as a result of the opinions expressed in these report(s) will be the full responsibility of the person(s) authorizing such transaction(s). BE ADVISED TO ALWAYS USE PROTECTIVE STOP LOSSES AND ALLOW FOR SLIPPAGE TO MANAGE YOUR TRADE(S) AS AN INVESTOR COULD LOSE ALL OR MORE THAN THEIR INITIAL INVESTMENT. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.

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