Featured Breadth Chart of the Day:
Today is a great test day for the determination and faithfulness of the bulls. A nice gap open should return us to the 90s on our NHs/NLs chart. We will watch the A/D lines and the up/down volume for a 9:1 day.
Quote of the Day:
Patience is the companion of wisdom.
–Anonymous
Comments and Levels for the Front (S&P 500 – E-mini futures) contract:
Short: 1877Long: 1855
Take that Putin. New highs on fantastic breadth. It was not a 9:1 up day though and there was a lack of participation on the imbalances on the close. That makes us nervous for an exhaustion point that can stack up negative points very, very quickly. We have a potential bull reach at 1877 where we think the marching might stop. We could retest that 1855 and feel around if this is all real.
Watch how the breadth responds today. Look through the charts below. The buying was real, it was intense and it was broad yesterday.
On the MiM 
I really only have time to check in on the last hour of trading. I am busy doing other stuff during the day. I do check in on swings to see how they are doing, but I don’t sit behind screens all day. I don’t take the full ride.
When you come in on a potential 9:1 up-day, a day when the entire market is having a rocket ride, I have grown to expect the MiM to join in on the close and add a few more points. A cherry topping so to speak. That didn’t happen yesterday, so note to self. “Are the fund managers full? Do they think we are done here?”. Let’s remember that into next week.
The MiM says not interested.
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
2/3/2013
Long
-0.64
-2.80
-3.90
2/4/2013
Long
-1.55
-0.70
4.85
2/5/2013
Long
1.21
-1.30
-2.43
2/20/2013
Long
-1.07
-1.84
-1.12
2/25/2013
Short
1.03
-1.31
-2.28
Total
0.04
-7.25
-4.88
– NFP Day before and day of. ** – New Year’s Eve / End Of Year
If you want to join the meter readers you can go to: Join the MiM
Comments about TLT (Twenty year Bond ETF):
We like the ride down to 105.25.
follow me on Twitter @redliontrader <<<<<
Breadth Charts in Full: Zweig Breadth Thrust
Not going down without a fight.
Cumulative Volume Index:
New highs on the cumulative volume. They are still buying in.
Number of NYSE issues trading ABOVE their 40 day moving average (40DPI):
Just a few more points here before the 40DPI begins to reverse.
New Highs / New Lows ratio chart:
We did 300 new highs yesterday on the NYSE. That is a lot. Almost exhausting. We are in trend mode, though, so careful on the shorts. Those slow grinding highs can do as much damage as a rocket ride if you are leaning towards shorting.
Trenders Short Term Trender - McClellan Summation Index:
Bullish.
Long Term Trender - Cumulative 4-week Highs – Lows (the fat lady):
Bullish.
Parting Shot:
I like Waist Watcher’s root beer. It is my spinach and the source of all my super human qualities.
I am starting to understand at a more personal level how Californians might feel about the lack of water. I have no root beer.
I am in a heightened state of agitation and anxiety. I can describe it as similar to finding out I have a middle seat in a full 4 hour flight. I will of course survive both, I mentally understand that, but I would rather not. I want an aisle seat and a case of WW Root Beer.
My loving spouse is my supplier, she would rather not be, but she has grown to understand that I could have worse vices. You see, Waist Watcher’s root beer has zero calories and does not sweeten with evil Aspartame and it tastes good. You can find it in the “almost healthy” section on the new inverted nutritional food pyramid.
I opened up a fresh 12 pack yesterday only to find out that the first can had no flavor. Bad can. Happens. I opened a 2nd can, also bad. Shoot. Bad case. Happens.
I begged my supplier this morning to please on her way to the gym (where she does really healthy things) if she could go to a different store and find an alternate source for my elixir. She retuned with a new case from a different source.
Oh no. Bad lot. Happens.
We have no Waist Watchers Root Beer in Maine, it is all bad. What happened?
I must let Adirondack Beverages, the creator and manufacturer know. In the day of Twitter and Facebook and Websites and Emails you can contact anyone instantly, right? I can be a hero. I can let them know they have shipped bad product to Maine. They can pull it from the shelves and give us good stuff. They will like me.
First email – You have bad product …. No Answer
Second email – You have bad product you might want to take care of it … No Answer
Usually at this point I begin adding to the to email address list by doing a little bit of research. I did that and found out that in 1996 Polar Soda bought Adirondack. I know Polar Soda. I am drinking their Raspberry Lime seltzer now. They make a great club soda and a killer orange soda. Polar is from Worcester, Massachusetts and that is near where I lived for 30 years and not only that, the owners are/were related to the family that runs Wachusetts Mtn where my kids skied and also three of my sons have received education from Worcester Polytechnic Institute, like their dad did. Polar is like family. They will care. They will take care of me.
So I emailed the mother ship in Worcester thinking, “ahah! this will wake everyone up”. I will tell them that their little brother in NY is not answering my emails and that there is a root beer crisis unfolding in Maine. Surely they will care.
Here is the response I get:
Good Afternoon Marlin,
Adirondack does answer emails in a timely fashion. The email address to use is
contact@adkbev.com.
Ca**** ****ke | Customer Service | Polar Beverages
A bit disappointing. I have already tried the suggested email address and I can insure you that Ca***’s definition of timely and mine does not align. Clearly, I have understated the extent of the disaster in my emails, that is the only rational explanation.
It has been almost 48 hours into this crisis and I am beginning to get desperate. I have now for the 4th time tried to illuminate the unfolding root beer crisis to Adkbev & the Polar team.
Please care Polar and Adirondack, if for only the reason that I care. There are a lot of bigger problems in the world to solve, I know that, and I am willing to help, but I need my root beer in order to do it.
PS: The bad lot number is: 0502143A or something like this.. it is hard for me to read in my weakened state.
UPDATE:
After sending the 4th email, it was Polar that contacted Adirondack beverages where I did get a response back late afternoon. Using the lot number above, Am*** Pr**** from consumer affairs marched down to the Quality Control Lab and tested a “retained” sample from the same day of manufacturing. Their QA person detected a “slight off taste” and they are putting on hold their shipments from that date. So good job me.
Since the purpose of this piece in my newsletter is to let me express my opinion, I have to say I was again a bit off-put on the “slight off taste” comment. It is extremely off-taste. To me it is undrinkable. My wife says that is a bit of an exaggeration and she is, as always, right. Let me put it this way, if I was on one of those reality TV shows that eats weird food, I could drink it in competition for a cash prize. I wouldn’t want to though.
While it is good that they won’t be distributing more bad stuff, they should be removing what they have already sent. Real paper letters, printed on red paper that says “remove root-beer from your shelves” should be express mailed to all the retail outlets. We don’t want to confuse the market.
They should fix the line and work it 24 x 7. No sleep people, not until the Root Beer crisis is over and the line is able to “slightly improve” and give us the good stuff. I am waiting patiently (ok, that is a lie).
That is how we make the world just a bit better.
Oh dear, I nearly forgot. I need to thank the Adirondack team for my free coupons which are coming in the mail. I hope they let me know when the coast is clear!
As always, we want your feedback! marlin@redliontrader.com
Thank you for Reading – Marlin aka RedlionTrader @redliontrader
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