Adding from the 3 charts below we score today a 12 out of 18 which continues to be bullish, but it is slightly weaker than yesterday +16 score.  It bares watching, a weak start could mean another 3% type pullback for a run at the end of the year into the first week in January for new highs.

There appears to be no Asia news tonight so we will have to see if China can get out of its funk and Japan can follow through yesterday's strength, perhaps that can feed into Europe.  Great Britain is reporting retail sales numbers in the morning.   Strength in the number could slow the dollar's gains and keep the US futures up, but we have our own set of numbers to contend with including the pre-market initial jobless claims scheduled at 8:30.  A 460K to 475K number should be just right to keep us even keeled into the opening. 

A flat open would be good for the bulls.  What the bulls don't want is a gap down open since this will zap so much of the built-in momentum already in this market.

If you are in the trading room we will keep you updated.  If you are following us on twitter (RedlionTrader, Tomandprisha) you will get some delayed updates.

If you want to visit us in the trading room doing our live trades use this link: http://bit.ly/5h5sk1
we do market update at 9:15 pre-open for our daily game-plan and regular updates all day long.

We are attempting to fill our remaining seats and I think there may be only about 5 left now before the end of the year.  You can read more about our special at the http://ttthedge.com website.

Adding from the 3 charts below we score today a 12 out of 18 which continues to be bullish, but it is slightly weaker than yesterday +16 score.  It bares watching, a weak start could mean another 3% type pullback for a run at the end of the year into the first week in January for new highs.

There appears to be no Asia news tonight so we will have to see if China can get out of its funk and Japan can follow through yesterday's strength, perhaps that can feed into Europe.  Great Britain is reporting retail sales numbers in the morning.   Strength in the number could slow the dollar's gains and keep the US futures up, but we have our own set of numbers to contend with including the pre-market initial jobless claims scheduled at 8:30.  A 460K to 475K number should be just right to keep us even keeled into the opening. 

A flat open would be good for the bulls.  What the bulls don't want is a gap down open since this will zap so much of the built-in momentum already in this market.

If you are in the trading room we will keep you updated.  If you are following us on twitter (RedlionTrader, Tomandprisha) you will get some delayed updates.

If you want to visit us in the trading room doing our live trades use this link: http://bit.ly/5h5sk1
we do market update at 9:15 pre-open for our daily game-plan and regular updates all day long.

We are attempting to fill our remaining seats and I think there may be only about 5 left now before the end of the year.  You can read more about our special at the http://ttthedge.com website.

The 52 week new highs for the NYSE, NAZ, and RUT today combined together for a score of +4 which is bullish and the same as yesterday's score, although the weakness rotated from the NYSE to the RUT.  The NAZ has now put in a solid 3 day run of 52 week new highs.  The hurdle bars for tomorrow are moderately high so the market is going to have to show some umph into to keep this indicator in the bullish mood.  A rough start tomorrow, such as a poor unemployment claims number could put the kabash on our run.

The number of stocks trading above the 40 DMA went up today in all three of our tracking indices despite the sell-off into the close. That keeps this index into the very bullish camp.

It look to me that the stragglers out there are moving up as the index price action is not advancing as fast as the breadth would indicate it should be.

The 10 Day High-Low moved from a strong bullish trend to a slightly bullish trend today with weakening bars in the NAZ (middle) and the RUT.  I am really surprised at the RUT performance on this chart as it appeared to be the strength today yet today's 10 day highs are lower that yesterday.  The introduced weakness is a concern that we may be topping in here.  This tight trading range is very difficult to figure out. I will do a mid-day run tomorrow and see if we are getting any RUT improvement.