Ten day cycles turn bearish and makes us more comfortable short $study

Around the Globe

Asia – CLOSED
• Shanghai (China) +0.06%
• Hang Seng (Hong Kong) -0.15%
• Nikkei (Japan)-0.55%

Europe as of 7:49am EDT

Today's Economic News:

• DAX (Germany) +0.22%
• FTSE (UK) +0.13%

Quote of the day:
The best measure of a man's honesty isn't his income tax return. It's the zero adjust on his bathroom scale. – Arthur C. Clarke

Current Allocations from our room:

Performance Month to Date from our room:

Current Breadth Readings:

ES SP500 Futures Comments:

TLT Twenty Year Bond EFT Comments:

The 10 day cycles have finally turned to the bearish side.  This bull run has not given much back to the bears, so follow through today and testing via shorts is the name of our game.

Not exactly what we wanted for an X top to start our pattern.  Today will either deepen our valley in which case we are interested in 1387 area.  On the short side we are watching the 1408 top and maybe a little shy to see if we can get a good short in.

Overnight we double tapped the 1405 area so that is worth jotting down.

Our breadth score and negative 10 day cycle have us just a little more comfortable in shorting this top.  Watch this channel on the chart below.

US Dollar DX Futures Comments:

Waiting to see if we can get a bounce off 79 area.      

Watching for 110 hold.  Our 114 target is going to disappear here soon it TLT can not get itself around.

>>> Follow us @TopTickTraders <<<<<

DISCLAIMER: The information and data in the following report(s) were obtained from sources considered reliable. Opinions, market data, and recommendations are subject to change at any time. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any commodities or securities. TTTHedge.com, its  officers, directors and its contributors may in the normal course of business, have position(s), which may or may not agree with the opinions expressed in this report. TTTHedge.com, its officers, and directors are not agents, representatives, or affiliates of the CME Group or any trading entity. Trading Futures, Options, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Any decision to purchase or sell as a result of the opinions expressed in these report(s) will be the full responsibility of the person(s) authorizing such transaction(s). BE ADVISED TO ALWAYS USE PROTECTIVE STOP LOSSES AND ALLOW FOR SLIPPAGE TO MANAGE YOUR TRADE(S) AS AN INVESTOR COULD LOSE ALL OR MORE THAN THEIR INITIAL INVESTMENT. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.