Monday evening SPY

SPY daily

yellow line - money flow(10)

cyan - 50sma

green - 200sma

pane 2 - DV smoothed stochastic(10,3)

pane 3 - RSI(2)

pane 4 - NYSE percent stocks above 10dma

pane 5 - volume

Notice how the indicators are beginning to look similar to before the May peak.  This might be a good time to lighten up / tighten up.

Monday afternoon ... Bill, how stubborn are you???

HLF Daily Chart (11:08 AM)

As everyone who has been paying a lick of attention knows Bill Ackman is (or was the last time he was required to report) short HLF and Carl Icahn is still long.  Mr. Icahn stated multiple times last week that he has not sold a single share since he established his position.  In fact he said he has bought more.

Looking at the chart I don't think there is much resistance from here to the top of the box.  The drop in April 2012 was long ago and it was fast.  Anyone of size would likely have sold during the May '12 - Aug '12 recovery. All of that was well before the December announcement (or should I say "attack") by Mr. Ackman and should have little to do with trading from here forward.

Monday morning

Happy Pi Approximation Day (22/7)

Evanesce prefers 355/113, but he's a geek.