Not much new today: A creeper grind up with neutral to negative sediment. Just your typical bull market grind!
The multiple day balance now at range highs is a not so obvious 1st-class-ticket for the bulls to break this thing out.
Note to self: I see (and feel) that there is no chance for a selloff here.
But I'm either in tune with a crack up market, or I should be worried.
Sorry Santa.
Wednesday, December 8, 2010
Tuesday, December 7, 2010
Exhaustion Gap


Well, my short call was a tad early, as the overnight session took out the range highs and the regular session tanked in the afternoon.
Nothing particularly bearish about today and the action was probably just your garden variety gap fill!
I'm now on watch to figure out if this was just some longs liquidating or if it was real, newly initiating, sellers.
Monday, December 6, 2010
Friday, December 3, 2010
Thursday, December 2, 2010
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.
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.
Wednesday, December 1, 2010
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!
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