20130123
Short 2 TF 896.5, 896.7, +0.6, +1.0
Short 4 YM 13709, 13710, 13710, 13710, -2, -3, -2, -2
Short 1 TF 896.4, -0.3
Long 2 TF 896.5, 896.6, +0.4, -0.0
Long 2 TF 895.3, 895.2, -0.1, +0.4
Long 2 YM 13693, 13692, +6, +11
Long 1 TF 895.0, -0.0
Total YM +8
Total TF +2.0
Another day of teeter-totter leadership, shifting first from one contract, then to another. Several times, the mini Russell seems to have turned with relative strength against the other, only to fail and get back to its original bearish trend. The Russell is often the leader. It often acts 'smart' about the eventual trend outcome. Keep your eye on that and you can't fail.... is an assumption you can't always make. Lately, it hasn't done such a great leadership job. Yesterday's persistent bullish TF was more an exception to recent trade action than the rule. But when it does shine at the job, signals can be a lot easier, and so is the trading. Trade what you see. Consider the contract models for what they are, regardless of whether one contract signal conflicts with another. Stay focused.
