Yeeee-haaaa!!! Good day for the Zero – observe exhibit A:

Clean signal all day – we remained below the zero mark all day on both sides. That’s what I’m talking about. At the end we got a push into what I think may be the B wave for this consolidation. Note the divergence on the Lite – the second spike lower is losing momentum and then resolves to the upside.

Not much else to say really – I’ll chime in a bit later with some observations of where we’re heading next. I’d love to see 770 before we continue to the upside, but let me pore over my charts for a little.

Hey, did any of you guys grab those puts [...]

UPDATE 2:15pm EDT: Not surprised to see us push up now – there was a strong divergence in the NQ vs. the ES about 15 minutes ago. I didn’t cover my short – sick of turning into a daytrader – playing the futures is enough. Could however just be a B wave to the upside – as I said, we need more than just a one-day Minor 2 wave.

A bit of a pain in the ass tape today. Looking at that SPY chart we’re in a weird spot right now – a lot of air above and if we push back I’d be heading to the hills probably. I don’t feel like loading up on the long side here – SPX around 770 for me is minimum, which would also be roughly [...]

UPDATE 10:35am EDT: You guys have no idea what I’ve been through this morning and all weekend.

Friday evening the hosting company migrated operations over to a brand spanking new server and since that moment I have been fixing problems left and right. After not getting any Zero subscriptions for a day someone finally alerted me to the fact that that page was broken as well – &%@$(!*!!

Once I got that and a host of other issues fixed I thought I was out of the woods. But nooooo – just 20 minutes ago someone over at the hosting firm fat fingered a Unix command and effectively shut down the entire site. Shugs – great start for a Monday [...]

If the S&P 500 was a cute German redhead then that would been its March trailer:

We’ve had a very nice run in the past three weeks and at this point it’s pretty much guaranteed that we’ll end the month in positive territory. Since the 666.79 low on March 6th to this wave’s current peak at 832.98 we’ve rallied a whopping 166.19 SPX points in 21 days. For your bean counting rats  – this is a stunning 25% reversal, which in itself should lay rest to any further expectations/hopes for a medium term bearish scenario. However, we can never be sure and until the wave count disqualifies the Intermediate (4) of {1} flat scenario [...]