redliontrader

The way the charts are setting up, today was weaker than Friday but still strong enough to maintain the momentum.  Tomorrow however the data needs to be much stronger so we need to come out of the chute with new-highs-a-blazing. There is no econ news out to help, maybe a merger?  maybe Europe or...
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Our new highs, all three made their hurdle bars to keep the momentum pointing to long but all three also failed to extend a higher bar than the previous day.  That puts the long on notice and tomorrow’s hurdle bars are quite high so we may be reaching a top here of the New...
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The New 52 week highs (NYSE, NAZ, RUT) all closed on Friday with higher bars.  Today’s target numbers to keep the upward momentum are fairly low, tomorrow begins the tough momentum proving days.  For the NYSE I have a end-of-day (EOD) target of 61, that means about 30 in the first half hour.  NQ...
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We closed Friday with a slight bias and momentum building on the buy side.   This mornings weaker open will be a test to see if those late Friday buyers were correct or not.   Watch the ticks today to see how they set up. Thank you for subscribing.
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I did some research this Saturday morning on how the DOW performs after we hit an unemployment peak.  This research assumes that November was the unemployment peak, which it certainly may not have been, we will not know for a few months.  (It looks to me that 3 months will give us a pretty...
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..our 52 week highs have put in an impressive 5 day run here, wish the price action was following. For this market, these runs have reached their peak at 7 or 8 bars in so we should be close here to turning for a correction… Thank you for subscribing.
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.. it is just chopping around in this neutral zone as confused as the rest of us on whether or not this market is going up or down.   Unable to get into oversold or overbought.     I am anxious to see how this resolves as this is the only indicator of the ones I closely...
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.. the NYSE is now 3 days flat.  It was still enough to improve the 5 DMA giving us a + 5 on the charts. Thank you for subscribing.
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..during the mid-day report but still ended on the bull side of the now clearly up-sloping 20DMA.  It would be nice to put in some pull-away type performances here. The strength was the NAZ and RUT which show nice recoveries from yesterday.  The NYSE is a little less aggressive off the 20 DMA. Thank...
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… the moving average is moving up. The underlying market continues to improve but these weak hands that are not so sure sell off every time we make that new hand.  Numerous Nellie’s in the market one of these time we won’t sell off and we can continue on a smoother upward move.. Thank...
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