Trend Day Without TICK Support

Yesterday was absent of a TICK +1000 readings, and today did it again.

A trend day up without a TICK +1000 and only two pings above +800 is just INTERESTING. Too boot, the cumulative TICK indicator printed red readings just before the afternoon 11:00 breakout.

Today's new highs on reduced sediment momentum is what it is. But it's something to note as a structural dynamic.

All HAIL The JUMP Trade!

Well, if I didn't "get it" before today....All HAIL the 1st day of the month jump trade!

Especially in December in a bull market : )

Probably the most interesting thing about today was that there were no +1000 tick readings! And only 1 reading above +800. I guess the big gap sapped much of the program-buy-energy out of the intra-day session.

Here is to looking for some consolidation tomorrow!

Crappy Sediment: Yet the 50 Day Holds

Multi-day balance area and the last few days have sported some really crappy sediment readings -- yet the market does what it should: Hold the 50 day.

I'd be short overnight but we have the 1st day of the month buy-fest on tap for tomorrow. I still think that it goes down, but don't want to play against the 1st day of the month of December and Santa's Elf's.

50MA Daily Triggers a Double Distribution.

Thanksgiving ushers in a double distribution afternoon feel-good rally off of the 50ma. Financials were strong AM and a test of the daily 50ma that "just faded out" said "forget the short side".

Given today's rise on crappy sediment, a break out tomorrow above today's range highs on anything but ferocious internals will be a fade trade opportunity.

Unfounded Breakdown!

Today was tricky. The coil and go breakdown below the VWAP made NO sense to me given the moderate structural dynamics (and a crap load of stocks up despite the financials and energy). I've seen many a day far weaker in structure never make it more than a tick down before reversing!

But, alas,my suspicions were well-founded as the market V-reversed today all the way back up to range highs once the S2 destination target was met.

All hail the computers!

Reversal Day

Balance With Last Hour Breakout, Inside Range Day