That's about +4 on the quarter position from this morning, equivalent to a +8 ES. Gonna sit for now, think maybe a better exit mid-morning 2morrow, before everything goes slack for OPEX.
We got some distribution today pretty good. This HI and the SHAPE of the daily bar = BEARISH, always BEARISH. And it's not like "hey I'm expecting a lot here" or whatever, but all the same it might take MORE than 1 day of good distribution to break it. But it may NOT, we just don't know, all I'm saying is that today is bearish.
Values I'm using 1.99 (RUSSELL breadth only not whole NYSE) was my end of day closing value on TRINRL, so if anyone has got a different figure, POST IT please.
Also had about 90-120 minutes of distribution this morning with a run rate of 2.2 through 2.5, which is fairly high. It would have been really nice to see us keep a run rate >2.0 or so for the entire day and close out at 2.5, but I guess they want to leave me with a little more mystery.
At least she let me get to 1st base with her on the short side, so we'll see what's next.
Quick RUT update
Started by
viccarter
, Jul 18 2013 03:46 PM
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