MrTopStep Closing Print Video 2 4 2013
As of today’s close the S&P futures have closed higher 16 out of the last 23 trading days or up 11 out of the last 14. SPH high 1501.50 after the openSPH low 1490.50 late in the daySPH last 1491.00, [...]
As of today’s close the S&P futures have closed higher 16 out of the last 23 trading days or up 11 out of the last 14. SPH high 1501.50 after the openSPH low 1490.50 late in the daySPH last 1491.00, [...]
How is the market looking? The Zweig breadth index,simply the 10-day moving average of the NYSE A/D line, tells us the accumulating effect of breadth over a 10-day period. The index usually travels to overbought about once per quarter as the market goes on a buying binge. The way the market is currently set up, it would have to really break hard to the upside to sweep the index into overbought. It would be an awe-inspiring move, … For today: We remain bullish, but feeling claustrophobic. Our range today is ESH 1477 on the topside and 1460 on the downside. A break of …
Quote of the day: The middle of the road is where the white line is-and that’s the worst place to drive. – Robert Frost Current Breadth Readings: (click here to see all our breadth charts) Our McClellan Summation trender has [...]
Around the Globe Asia – CLOSED Shanghai (China) +0.35% Hang Seng (Hong Kong) -0.29% Nikkei (Japan)+2.82% Europe as of 5:41am EDT DAX (Germany) -0.27% FTSE (UK) -0.08% Argus Feed Top Interesting Reads: Glimmer of hope in Europe economy surveys Eurozone Inflation Steady [...]
My son was home for the holidays and we don’t talk much about my work or the markets or trading, but he has some IRA money that he wants to speculate with in some small cap arena. Yesterday I confessed to being very bullish, all based on my reading of market breadth and index price action. Well, the boy was very happy at my bullishness as he was long in the 3D market.The market opened up strong but then … For today: For the most part this is game over. Including today, there are 2-1/2 trading days left in 2012. For those that are going to play, we lean to selling the …
When last we spoke via the Opening Print, I was busy tracking a Zweig breadth signal for a possible high probability marker for upward prices. That just missed and we pulled out the Maxwell Smart cliché, “I missed it by just that much.” Since then, the market has been in a kind of fiscal cliff strangle, unable to go up but not willing to go lower, either. … For today: most interested in seeing rates go up during the auctions today. Us bulls want higher rates to start to squeeze … 1421 is key for the bulls today as that is where we double-topped yesterday, …
Around the Globe Asia – CLOSED Shanghai (China) +2.87% Hang Seng (Hong Kong) +2.16% Nikkei (Japan)+0.39% Europe as of 7:31am EDT DAX (Germany) +0.27% FTSE (UK) +0.20% Today’s Economic News: We had some red numbers out of China and the UK, but not bad, [...]
Please, not another tease on the Zweig… I am becoming the boy that cried “Zweig” . Like a begging dog, I have to remind myself, you don’t always get what you want. Here is that reminder in the chart below. [...]
Quote of the Day:We need not all agree, but if we disagree, let us not be disagreeable in our disagreements.–Martin R. DeHaan Current Breadth Readings: (click here to see all our breadth charts) We are starting day 6 so we [...]
