$SPX 1086 target for the bulls.. 67% chance of being up 1% or greater today..

September 2, 2010
$SPX 1086 target for the bulls.. 67% chance of being up 1% or greater today..

Good morning.   Nice rally to say the least.  To show you how strong and participatory the rally was check out the 40 DPI charts.   They jumped big time on all three indexes.  The number of declining shares in the S&P500 never went above 13 and reached a minimum of 1 so at some...
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$SPX.. and now into the U.S. minefield

September 1, 2010
$SPX.. and now into the U.S. minefield

Good morning.   We had a nice crowd in the room last night for out China PMI party to celebrate the start of a new Month whose mood was to be set by the Chinese PMI.  The number came in just around expectations at 51.7, I had consensus between .6 and .8 so right...
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If I did my time math right China PMI release is 9pm est.. here are the expectations.. $ES_F.. I will be trading..

August 31, 2010

  China’s PMI data is the same scoring system as the Chicago PMI that was released earlier today.  A score above 50 represents expansion below 50, contraction.   Last release on July 31st we had a score of 51.2 which represented a slow down from the previous quarter.  Expectations for this month is anything...
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52 Week new highs join everyone else in the neutral column. $study

September 7, 2010
52 Week new highs join everyone else in the neutral column. $study

Score: +0   Tuesday’s profit taking put the new highs from their perfect bear score column setting into the...
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10 day highs minus lows.. in neutral.. can handle one more soft day before turning bearish.. $Study

September 7, 2010
10 day highs minus lows.. in neutral.. can handle one more soft day before turning bearish.. $Study

Score: +0 The 10 DHL went into the neutral column today with the price action from Tuesday.  The question...
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40 DMA % Index returns to neutral ..but from the plus side $Study

September 7, 2010
40 DMA % Index returns to neutral ..but from the plus side $Study

Score: +0 The 40 DPI is neutral with lower daily scores, but still sitting above they 20 DMA which...
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Indicator

!RL_VWAP2 – Volume Weighted Moving Average

!RL_VWAP2 – Volume Weighted Moving Average

  The Volume Weighted Moving Average is the sum of the number of shares bought times share price divided by the total number of shares bought:   It can be used as a support and resistance type indicator where price is “attracted” to the VWAP.  Moving below the VWAP shows weakness, above strength.  ...

!RL_Name version 1.2 released for TradeStation

!RL_Name version 1.2 released for TradeStation

A minor revision of !RL_Name was released today.  The new version allows for the custom setting of text color for the applied name.   The new indicator can be downloaded for free from: http://www.redliontrader.com/indicators-3/rl_name-text-naming-indicatorutility/    

Time Slice Volume Average Indicator – !RL_TSVA .

Time Slice Volume Average Indicator – !RL_TSVA .

  This is my Time Slice Volume Average Indicator.  Most people ask we what the heck is that!   Intraday volume does not have an equal distribution.  Volume from 9:30 to 11am is very different than mid-day volume which tends to be low,  and then volume for the close again picks back up.  This...

Ten Day Trades

$SPY – 7 day trade for 2.5% gain

  Yesterday we had a down volume to up volume ratio of greater than...

Gold members.. we need another 10 day short to balance out the portfolio.. here’s one.

This trade is for gold members  only.. Want to go gold? http://redliontrader.com/membership For a...

CAM – Cameron International – Gold ten day trade

For Gold members only: {{{Gold}}}The rest of this article is available to premium members...

Altria Group, $MO as a new 10 day trade..

  This is an RSI-DX trade, again looking for strong trending stocks that are...

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