Featured Breadth Chart of the Day:
We move to our Zweig which is getting interesting again. This is where we have been the last two times when we have made substantial bounces. We should again but we now expect to see a Zweig oversold, < 40, before we see an overbought, > 61.25.
Quote of the Day:
The deeper that sorrow carves into your being, the more joy you can contain.
Comments and Levels for the Front (S&P 500 – E-mini futures) contract:
Two days of selling, a nice follow-through for the bears, has us at a 3% correction. For us 3% is not a trend change and our long term trender is now neutral. We would expect to see some upside between 1830 and 1860. That makes 1830 our buy side. We have not done well the past couple of days on the low end after correctly calling for a short at 1892. If we are wrong again at 1830 we see a war at 1812 as the next area down with the 4% correction area at 1816 as a looker too.
On the MiM:
No commitment on the close yesterday. We remain encouraged that buyers will step in soon.
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|Date Of Signal||Direction||x:00 Entry/Close||x:20 Entry/Close||x:30 Entry/Close|
- xx:20pm exit as the signal went away.
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Comments about TLT (Twenty year Bond ETF):
We are back up to the highs of our channel. We continue to think that bonds will have to go lower in here.
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Breadth Charts in Full: Zweig Breadth Thrust
Zweig is our talk chart at the top.
Cumulative Volume Index:
Back at the buy area again.
Number of NYSE issues trading ABOVE their 40 day moving average (40DPI):
With this sideways chop we can’t seem to get any upside, hence the 40 day moving average is moving against the market with now only about 50% of the stocks at a price higher than they were 40 days ago.
New Highs / New Lows ratio chart:
This is one of our bounce areas on the NHs/NLs.
Trenders Short Term Trender - McClellan Summation Index:
Long Term Trender - Cumulative 4-week Highs – Lows (the fat lady):
My EEC project (Electricity Cut Cost) continues and March results are in. For 2014, my monthly cost was $270 compared to last year which was $375 so I have an extra $105 to spend this year. I also put 280 lbs less of CO2 into the air (that is why the plants outside look Co2 starved).
I didn’t really make any major changes, although I am eyeing some automation investments this month and need to continue LED replacement, identifying high usage bulbs for conversion. I need to replace the outside lights that we often forget to shut off. The major source of the savings remains the hot-tub cover which will have less and less an effect as it begins to get warmer outside, so I need to start targeting other areas.
Six years ago as we remodeled the house, I put in all SmartHome brand intelligent switches. They evidently have a four to six year life span as they are all failing in just about the same way. It is a systematic thing and not just a fluke. Needless to say, for my wife’s sanity I need to replace them. For some reason she gets annoyed when she has to hit a light switch 20 times before the light comes on. She would like to go back to old-tech, I just can’t do it. High tech is better right? I can change the house mood from my Lazy Boy. That is what it is all about.
I think I have settled on ZWave technology. GE has embraced it and it is a wireless mesh network. That sounds good and high techy. In April I will throw in a could of test switches and see how they operate and then set up a replacement strategy for the next 12 months along with my incandescent replacement.
If any of you out there have experience with smart switches let me know, there is a lot of attention out there as money is flowing into automation since NEST was bought for an outrageous sum.
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Thank you for Reading – Marlin aka RedlionTrader @redliontrader
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