We begin our morning with U.S. equity futures trading lower.         That being said, each of the 30-minute equity futures charts show TD9 bottom patterns that should take price to their respective OUL’s. A close above the OUL’s would suggest a run for their TD9 breakdown areas. A close above their TD9 breakdown levels would suggest that a further rally is likely. At present, market breadth for the 30-minute ES & NQ have bearish crossover conditions, meaning that more instruments are trading below profile vs. those trading above 30-minute profile and not until those conditions change,...

MP100622Daily   We begin our morning with U.S. equity futures trading lower.         That being said, each of the 30-minute equity futures charts show TD9 bottom patterns that should take price to their respective OUL’s. A close above the OUL’s would suggest a run for their TD9 breakdown areas. A close above their TD9 breakdown levels would suggest that a further rally is likely. At present, market breadth for the 30-minute ES & NQ have bearish crossover conditions, meaning that more instruments are trading below profile vs. those trading above 30-minute profile and not until those conditions...

MPTestFile1 Are we in a new bull market or were the last two trading sessions just a bear market counter trend rip your face off short covering rally?       The S&P 500 closed higher yesterday by 3.06%, another big percentage move after Monday’s 2.59% rally. The data used to compile the table above are the 2000 bear market (3/24/2000 – 10/10/2002), the 2007 bear market (10/11/2007 – 3/6/2009) and the bull market run that began on March 9, 2009 – January 26, 2018) The blue shaded area shows the percentage of trading days during the periods noted above...

MPTestFile1 Are we in a new bull market or were the last two trading sessions just a bear market counter trend rip your face off short covering rally?       The S&P 500 closed higher yesterday by 3.06%, another big percentage move after Monday’s 2.59% rally. The data used to compile the table above are the 2000 bear market (3/24/2000 – 10/10/2002), the 2007 bear market (10/11/2007 – 3/6/2009) and the bull market run that began on March 9, 2009 – January 26, 2018) The blue shaded area shows the percentage of trading days during the periods noted above...

POLR1005223TEST     Sit Rep:   Volume increased a little yesterday but not to the levels tha= t long-term higher is confirmed. That said it=E2=80=99s not bearish either,= but employment numbers are weighing a bit on futures. Since we are staying= in our lane of energy, we should be fine. I was worried we would get a gap= higher and would need to sell on a blow-off top. Doesn=E2=80=99t look like= that is happening.   I will be focused on the OPEC headlines and probably being ab= le to hold CCJ and XLE a lot longer. Any monster moves higher...