Quotes by TradingView
Saturday, June 25, 2022
Premium: TradeChat
No Result
View All Result
MrTopStep
  • News
    • All
    • Reuters Business
    CME Loses Key Battle in Potentially Costly Trader Lawsuit

    CME Loses Key Battle in Potentially Costly Trader Lawsuit

    24X5 Options Trading Begins Sunday, November 21

    ICE Notice

    ICE: Margin Rates Update for ICE Futures U.S. Oil Contracts

    ICE: Margin Rates Update for ICE Futures U.S. Gas Contracts

    CME Group Globex Labor Day Holiday Schedule

    Margin Rates Update for ICE Futures U.S. Power Contracts

    AP: US COVID-19 cases rising again, doubling over three weeks

    CME Group – US Independence Day Holiday Schedule: July 2-6, 2021

  • Products
    • Chatroom Login
    • Wyckoff Trader
    • MIM
    • Polaris Trading Group
    • IM Pro Trading Chat Room
  • Stocks
    • All
    • Apple
    • Dow Jones
    • Earnings
    • Facebook (FB)
    • Goldman Sachs (GS)
    • IPO
    • M&A
    • Markets
    • Mining
    • Nasdaq
    • NYSE
    • Russell 2000
    • S&P 500
    • Twitter (TWTR:NYSE)
    • VIX
    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 24 JUNE: ASX rises 0.8pc as battered tech, lithium shares rebound | ReNu Energy and Countrywide Renewable Hydrogen kick off a green hydrogen electrolysis production project in Southern Tasmania | Singapore May manufacturing output up 13.8% y/y amid chip shortage |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 24 JUNE: ASX to slip | Wall St rallies late, copper drops | Medlab teams up with Malaysian consumer health giant to crack open an eager Asian market |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 23 JUNE: REITs lift ASX 0.3pc, energy, mining, lithium stocks tumble | Netccentric secures e-commerce influencer deal with TikTok | Asia shares struggle, oil tumbles |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 23 JUNE: ASX to rise | US stocks end lower, snapping rally | Sparc to get industry pulling its coat on, with commercial graphene right around the corner |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 22 JUNE: ASX drops 0.2pc; UK inflation hits 40-year high of 9.1pc | Besra Gold’s drilling at Jugan continues to impress | Indian shares drop over 1% after pullback rally fizzles |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 22 JUNE: ASX to rise | Wall St rallies broadly, Tesla surges | Indiana raises $1.84m, secures grant to drive Central Gawler exploration |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 21 JUNE: ASX bounces 1.4pc, ends 7-day losing streak | Resource Base begins step-out drilling after ‘significant’ REE discovery | China Evergrande sticks to restructuring plan target of before end-July |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 21 JUNE: ASX to rise | European stocks rebound, bitcoin bounce fades | Arizona Lithium gears up for EV supply chain support with 5 year deal for world class lithium lab |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 20 JUNE: ASX drops 0.6pc as miners plunge | Culpeo Minerals discovers new copper zone at Lana Corina project | BOJ maintains ultra-low rates, warns against sharp yen falls |

    Trending Tags

    • FEEDID-6
    • FEEDID-51
    • FEEDID-44
    • FEEDID-31
    • FEEDID-21
    • FEEDID-16
    • FEEDID-36
    • FEEDID-10
    • feedid-56
    • feedid-58
    • feedid-61
    • feedid-59
    • feedid-60
    • feedid-62
    • feedid-63
    • feedid-65
    • feedid-66
  • Charts
    Cabrera Capital Daily Game Plan

    Cabrera Capital Daily Game Plan

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 24 JUNE: ASX rises 0.8pc as battered tech, lithium shares rebound | ReNu Energy and Countrywide Renewable Hydrogen kick off a green hydrogen electrolysis production project in Southern Tasmania | Singapore May manufacturing output up 13.8% y/y amid chip shortage |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 24 JUNE: ASX to slip | Wall St rallies late, copper drops | Medlab teams up with Malaysian consumer health giant to crack open an eager Asian market |

    Jack Broz Webinar banner

    Jason Sen: undefined

    Cabrera Capital Daily Game Plan

    Cabrera Capital Daily Game Plan

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 23 JUNE: REITs lift ASX 0.3pc, energy, mining, lithium stocks tumble | Netccentric secures e-commerce influencer deal with TikTok | Asia shares struggle, oil tumbles |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 23 JUNE: ASX to rise | US stocks end lower, snapping rally | Sparc to get industry pulling its coat on, with commercial graphene right around the corner |

    Cabrera Capital Daily Game Plan

    Cabrera Capital Daily Game Plan

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 22 JUNE: ASX drops 0.2pc; UK inflation hits 40-year high of 9.1pc | Besra Gold’s drilling at Jugan continues to impress | Indian shares drop over 1% after pullback rally fizzles |

  • Commentary
    • All
    • Market Recap
    • MrTopStep
    Danny’s View:  S&P 500 – Embrace the CHOP

    Danny’s View: S&P 500 – Embrace the CHOP

    From the Desk of Wyckoff Trader

    From the Desk of Wyckoff Trader

    Danny’s View:  Bulls Still Have Control But Could Lose It Any Minute

    Danny’s View: Okay, Bulls, Prove It!

    Danny’s View:  S&P 500 – Summer Volume Comes Early

    Danny’s View: S&P 500 – Summer Volume Comes Early

    Taylor 3 Day Cycle – Polaris Trading Group

    Taylor 3 Day Cycle – Polaris Trading Group

    Danny’s View:  Navigating the Bounce in a Holiday-Shortened Week

    Danny’s View: Navigating the Bounce in a Holiday-Shortened Week

    CME Junteenth Holiday Schedule

    Danny’s View:  Bulls Still Have Control But Could Lose It Any Minute

    Danny’s View: Quad Witch Round 2. Can Bulls Recoup Some of This Week’s Losses?

    From the Desk of Wyckoff Trader

    From the Desk of Wyckoff Trader

  • Education
    • All
    • Economics
    • Trading Methods
    • Trading Psychology
    • Trading Room
    • Trading Rules
    • Webinars
    Chart of the Day: AMZN Stock

    Chart of the Day: PINS Stock

    Chart of the Day: AMZN Stock

    Chart of the Day: Trading the S&P 500 and the S&P Futures

    Here’s Why You Need Mr. Top Step

    Here’s Why You Need Mr. Top Step

    Chart of the Day: AMZN Stock

    Chart of the Day: Etsy Stock Tumbles

    Chart of the Day: AMZN Stock

    Monthly Trading Time: The Good, The Bad and The Ugly

    Chart of the Day: AMZN Stock

    Chart of the Day: Can Apple Stock Hit Record Highs?

    Chart of the Day: AMZN Stock

    Chart of the Day: Can GOOGL Stock Stay Up?

    Chart of the Day: AMZN Stock

    Chart of the Day: GameStop Stock Raises Capital

    Chart of the Day: AMZN Stock

    Chart of the Day: Another Go at Amazon Stock

  • NYSE Holidays
  • Video
  • News
    • All
    • Reuters Business
    CME Loses Key Battle in Potentially Costly Trader Lawsuit

    CME Loses Key Battle in Potentially Costly Trader Lawsuit

    24X5 Options Trading Begins Sunday, November 21

    ICE Notice

    ICE: Margin Rates Update for ICE Futures U.S. Oil Contracts

    ICE: Margin Rates Update for ICE Futures U.S. Gas Contracts

    CME Group Globex Labor Day Holiday Schedule

    Margin Rates Update for ICE Futures U.S. Power Contracts

    AP: US COVID-19 cases rising again, doubling over three weeks

    CME Group – US Independence Day Holiday Schedule: July 2-6, 2021

  • Products
    • Chatroom Login
    • Wyckoff Trader
    • MIM
    • Polaris Trading Group
    • IM Pro Trading Chat Room
  • Stocks
    • All
    • Apple
    • Dow Jones
    • Earnings
    • Facebook (FB)
    • Goldman Sachs (GS)
    • IPO
    • M&A
    • Markets
    • Mining
    • Nasdaq
    • NYSE
    • Russell 2000
    • S&P 500
    • Twitter (TWTR:NYSE)
    • VIX
    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 24 JUNE: ASX rises 0.8pc as battered tech, lithium shares rebound | ReNu Energy and Countrywide Renewable Hydrogen kick off a green hydrogen electrolysis production project in Southern Tasmania | Singapore May manufacturing output up 13.8% y/y amid chip shortage |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 24 JUNE: ASX to slip | Wall St rallies late, copper drops | Medlab teams up with Malaysian consumer health giant to crack open an eager Asian market |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 23 JUNE: REITs lift ASX 0.3pc, energy, mining, lithium stocks tumble | Netccentric secures e-commerce influencer deal with TikTok | Asia shares struggle, oil tumbles |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 23 JUNE: ASX to rise | US stocks end lower, snapping rally | Sparc to get industry pulling its coat on, with commercial graphene right around the corner |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 22 JUNE: ASX drops 0.2pc; UK inflation hits 40-year high of 9.1pc | Besra Gold’s drilling at Jugan continues to impress | Indian shares drop over 1% after pullback rally fizzles |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 22 JUNE: ASX to rise | Wall St rallies broadly, Tesla surges | Indiana raises $1.84m, secures grant to drive Central Gawler exploration |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 21 JUNE: ASX bounces 1.4pc, ends 7-day losing streak | Resource Base begins step-out drilling after ‘significant’ REE discovery | China Evergrande sticks to restructuring plan target of before end-July |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 21 JUNE: ASX to rise | European stocks rebound, bitcoin bounce fades | Arizona Lithium gears up for EV supply chain support with 5 year deal for world class lithium lab |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 20 JUNE: ASX drops 0.6pc as miners plunge | Culpeo Minerals discovers new copper zone at Lana Corina project | BOJ maintains ultra-low rates, warns against sharp yen falls |

    Trending Tags

    • FEEDID-6
    • FEEDID-51
    • FEEDID-44
    • FEEDID-31
    • FEEDID-21
    • FEEDID-16
    • FEEDID-36
    • FEEDID-10
    • feedid-56
    • feedid-58
    • feedid-61
    • feedid-59
    • feedid-60
    • feedid-62
    • feedid-63
    • feedid-65
    • feedid-66
  • Charts
    Cabrera Capital Daily Game Plan

    Cabrera Capital Daily Game Plan

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 24 JUNE: ASX rises 0.8pc as battered tech, lithium shares rebound | ReNu Energy and Countrywide Renewable Hydrogen kick off a green hydrogen electrolysis production project in Southern Tasmania | Singapore May manufacturing output up 13.8% y/y amid chip shortage |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 24 JUNE: ASX to slip | Wall St rallies late, copper drops | Medlab teams up with Malaysian consumer health giant to crack open an eager Asian market |

    Jack Broz Webinar banner

    Jason Sen: undefined

    Cabrera Capital Daily Game Plan

    Cabrera Capital Daily Game Plan

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 23 JUNE: REITs lift ASX 0.3pc, energy, mining, lithium stocks tumble | Netccentric secures e-commerce influencer deal with TikTok | Asia shares struggle, oil tumbles |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 23 JUNE: ASX to rise | US stocks end lower, snapping rally | Sparc to get industry pulling its coat on, with commercial graphene right around the corner |

    Cabrera Capital Daily Game Plan

    Cabrera Capital Daily Game Plan

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 22 JUNE: ASX drops 0.2pc; UK inflation hits 40-year high of 9.1pc | Besra Gold’s drilling at Jugan continues to impress | Indian shares drop over 1% after pullback rally fizzles |

  • Commentary
    • All
    • Market Recap
    • MrTopStep
    Danny’s View:  S&P 500 – Embrace the CHOP

    Danny’s View: S&P 500 – Embrace the CHOP

    From the Desk of Wyckoff Trader

    From the Desk of Wyckoff Trader

    Danny’s View:  Bulls Still Have Control But Could Lose It Any Minute

    Danny’s View: Okay, Bulls, Prove It!

    Danny’s View:  S&P 500 – Summer Volume Comes Early

    Danny’s View: S&P 500 – Summer Volume Comes Early

    Taylor 3 Day Cycle – Polaris Trading Group

    Taylor 3 Day Cycle – Polaris Trading Group

    Danny’s View:  Navigating the Bounce in a Holiday-Shortened Week

    Danny’s View: Navigating the Bounce in a Holiday-Shortened Week

    CME Junteenth Holiday Schedule

    Danny’s View:  Bulls Still Have Control But Could Lose It Any Minute

    Danny’s View: Quad Witch Round 2. Can Bulls Recoup Some of This Week’s Losses?

    From the Desk of Wyckoff Trader

    From the Desk of Wyckoff Trader

  • Education
    • All
    • Economics
    • Trading Methods
    • Trading Psychology
    • Trading Room
    • Trading Rules
    • Webinars
    Chart of the Day: AMZN Stock

    Chart of the Day: PINS Stock

    Chart of the Day: AMZN Stock

    Chart of the Day: Trading the S&P 500 and the S&P Futures

    Here’s Why You Need Mr. Top Step

    Here’s Why You Need Mr. Top Step

    Chart of the Day: AMZN Stock

    Chart of the Day: Etsy Stock Tumbles

    Chart of the Day: AMZN Stock

    Monthly Trading Time: The Good, The Bad and The Ugly

    Chart of the Day: AMZN Stock

    Chart of the Day: Can Apple Stock Hit Record Highs?

    Chart of the Day: AMZN Stock

    Chart of the Day: Can GOOGL Stock Stay Up?

    Chart of the Day: AMZN Stock

    Chart of the Day: GameStop Stock Raises Capital

    Chart of the Day: AMZN Stock

    Chart of the Day: Another Go at Amazon Stock

  • NYSE Holidays
  • Video
No Result
View All Result
MrTopStep
Home Charts

Cabrera Capital Daily Game Plan

Dave Wienke by Dave Wienke
June 21, 2022
in Charts, futures-equities, futures-fixed-income, futures-metals, Levels
0 0
0
Cabrera Capital Daily Game Plan
15
SHARES
105
VIEWS
Share on FacebookShare on Twitter

Tuesday June 21, 2022                                                        Trading
Desk: (312) 236-8907

 

TODAY’S GAME PLAN:  from
the trading desk, this is not research

DATA/HEADLINES  
8:30ET  Chicago Fed national activity index; 10:00ET Existing home sales; 11:00ET Fed’s Barkin speaks;  12:00ET Fed’s Mester speaks; 3:30ET Fed’s Barkin speaks

  

TODAY’S HIGHLIGHTS:   

  • Biden says decision nearing on gas-tax pause, student debt
  • Biden delivers remarks on vaccines for children this afternoon
  • COVID Cases in Beijing and Shanghai look to be subsiding

World shares are higher for a second day while bonds retreated amid improved investor sentiment after last week’s rout in global markets. President
Biden is considering scrapping tariffs on a range of Chinese goods to curb inflation, but no decision is likely before next week’s Group of Seven summit, sources said.  European Central Bank President Christine Lagarde reaffirmed on Monday plans to raise the
ECB’s interest rates twice this summer while fighting widening spreads in borrowing costs of different euro zone countries. Italian bonds outperformed peers, supported by a variety of comments from ECB speakers throughout the European morning.  The EU is set
to formally grant Ukraine candidate status later this week in the first, but highly symbolic step to membership. Moldova, also, and Georgia if it meets conditions.                                             

US EQUITIES: 

US equity futures are broadly higher after last week’s beat down that erased nearly $2 trillion in market value from the S&P 500. President Biden
said that a US recession isn’t “inevitable” following a conversation with former Treasury Secretary Lawrence Summers, helping sentiment. Many on Wall Street are skeptical, as strategists at Morgan Stanley and Goldman Sachs Group warned equities may have further
to fall to fully price in the risk of an economic downturn. Lawrence Summers said in a speech in London on Monday that “we need five years of unemployment above 5% to contain inflation.”  “The US may need as severe monetary tightening as Paul Volcker pushed
through in the late 1970s early 1980s,” Summers said.  Focus this week will be on Federal Reserve Chairman Jerome Powell’s testimony before the Senate and the House on Wednesday – Thursday.

E-mini S&P futures +1.4%, Nasdaq +1.3%, Russell 2000 futures +1.5%, Dow futures +1.25%.

 

QQQ’s hold the major support area at its 200 week moving average.

 

 

Tesla is cutting its salaried workforce by about 10% over the next three months, an overall reduction of 3.5% in total headcount. 
TSLA shares are up 3% pre-market. Kellogg (K) jumps 9% after announcing plans to separate into three companies; a cereal maker, a snack maker and a plant-based food company.  Major technology and internet stocks advanced ahead of the bell, poised to extend
Friday’s gains, with Apple climbing 2% and Microsoft rising 1.7%. Meanwhile, Revlon surged as much as 27%, extending Friday’s rally after the cosmetics firm filed for Chapter 11 bankruptcy. Spirit (SAVE) shares jump as much as 13% after JetBlue (JBLU) raised
its offer to $33.50 per share. Arrival gains 8.6% after the electric-vehicle maker announced that its zero-emission van has achieved EU certification. Palantir (PLTR) shares rise as much as 5% after a buy rating from BofA.

 


 

   

Equities in Europe extended Monday’s gains with most indexes rallying over 1%. The Stoxx Europe 600 index climbed as much
as 1.2%, with basic resources, chemicals and consumer products leading gains. CAC 40 outperforms.  French industrial gas company Air Liquide climbed 3.4% after striking its largest power purchase deal with Swedish utility Vattenfall, helping boost chemical
stocks. Valneva rises as much as 23% after its CEO said the company’s Lyme disease vaccine has the potential of becoming a “blockbuster.” Luxury shares jump after Swiss watch exports for the month of May showed strong demand. European apparel retail shares
drop after JPMorgan downgrades Asos, About You, Boohoo and Primark owner AB Foods to neutral. Leonardo jumps as much as 9.7% in Milan trading after its DRS unit agreed to buy Israeli radar-maker RADA Electronic. Germany’s DAX is up for a third straight day
+0.75%, CAC +1.2%, FTSE 100 +0.7%, Stoxx 500 +0.7%. Autos +1.9%, banks +1.7%, miners +1.7%. Utilities lag, down 0.9%.

 

 

Asian shares were mostly higher.  The MSCI Asia Pacific Index climbed as much as 1.8%, snapping an eight-day losing streak,
with financial and tech stocks among the biggest contributors to the advance. Benchmarks in Taiwan, Japan and Hong Kong led gains in the region. Australia’s ASX 200 rose 1.4% after central bank chief Philip Lowe signaled he will only raise interest rates by
25-to-50 basis points at the July meeting. Chinese shares edged lower after recent gains. Taiwan +2.35%, Japan’s Topix +2%, Hang Seng +1.9%, Sensex +1.8%, Kospi +0.75%. Philippines -0.75%, Vietnam -0.65%, Shanghai Composite -0.25%. 

 

FIXED INCOME: 
                                        

Treasuries are cheaper across the curve as trading resumes after Monday’s US holiday, with the long end leading losses.
US yields are cheaper by as much as 7bp at long end, steepening 2s10s by nearly 3bp, 5s30s by nearly 4bp; 10-year, higher by ~5bp at 3.28%.  Bunds and gilts outperform Treasuries, while Italian bonds extend recent gains after ECB’s Olli Rehn reiterated determination
to combat unwarranted spikes in borrowing costs for some of the region’s most vulnerable economies.              

 

 

METALS: 
                               

Gold is trading in a narrow range after some volatility last week following shock US consumer price index data and the Fed’s
rate hike. St. Louis Fed President James Bullard warned Monday that US inflation expectations could become “unmoored” without credible action from the Fed. Meanwhile,  Russia’s government and parliament are seeking to change rules on the sales and management
of the state’s precious metal and gem stockpiles. The Finance ministry proposed this week to put a portion of the country’s gold and gems into a special reserve that can be accessed in times of war.  Spot gold is down 0.3%, silver -0.4%.                    

 

ENERGY:     

Oil prices rose on high summer fuel demand while supplies remain tight because of sanctions on Russian oil.  Oil prices
remain high because the market can’t see where additional supply is coming from to balance demand, Vitol Group’s CEO  said in an interview. The Dutch government said on Monday it would remove a cap on production at coal-fired energy plants and will activate
the first phase of an energy crisis plan.  Denmark has also initiated the first step of an emergency gas plan. Germany announced its latest plan to boost gas storage levels and said it could restart coal-fired power plants that it had aimed to phase out. Russian
gas flows to Germany through the Nord Stream 1 pipeline were still running at about 40% of capacity on Monday. Italy’s technical committee for gas is expected to meet today, and said it could declare a heightened state of alert on gas this week if Russia continues
to curb supplies. Treasury Secretary Janet Yellen said on Monday that the US is in talks with allies to further restrict Moscow’s energy revenue by imposing a price cap on Russian oil. WTI +2%, Brent +1.5%.                                     

 

CURRENCIES:                      

The euro rose after a cluster of ECB speakers discuss the institution’s planned tool to tackle fragmentation in the euro-area,
with tightening yield spreads between Italian and German benchmark bonds supporting the euro.  The British Pound gained after BOE Chief Economist Huw Pill said policy makers would sacrifice growth in order to bring down inflation in the UK. The US dollar fell
for a second day.  US$ Index -0.4%, EURUSD +0.4%, EURJPY +1.2%, GBPUSD +0.1%, USDJPY +0.8%, AUDUSD -0.15%.     

 

 

Bitcoin +4%, Ethereum +3.6%. Bitcoin is holding above $20,000 amid a tentative recovery and hopes that prices have bottomed.
Correlation with the Nasdaq has fallen by more than half from a record as crypto losses have outpaced pain for equities. Some digital token watchers are now pointing to signs of a bottom, with Glassnode in particular saying we may be reaching a point of seller
exhaustion after losses on Bitcoin holdings hit a record.    

 

TECHNICAL LEVELS: 
   

ESU

10 Year Yield

Aug Gold

July WTI

$ Index

Resistance

3854.00

4.650%

1966.6

117.80

109.240

 

3800.00

4.300%

1931.9

115.35

107.310

 

3760/65

4.000%

1897.2

113.65

106.800

 

3710/15

3.770%

1882.0

111.93

106.000

 

3681.00

3.500%

1839.0

108.94

105.650

Settlement

3675.75

1840.6

107.99

104.488

 

3658.00

3.200%

1804.4

105.18

103.850

 

3639.00

2.900%

1785/92

104.05

102.790

 

3600.00

2.580%

1760.0

102.65

102.250

 

3550.00

2.300%

1721.00

100.90

101.100

Support

3500/02*

1.950%

1684.3*

95.47

99.455

Colors within the report:
Green
is always the 200 period (day, week).
Red is always 21,
Blue = 50,
Brown =
100
  *Stars have added importance

UPGRADES:

  • ABM Industries (ABM) raised to outperform at Baird; PT $50
  • American Tower (AMT) raised to overweight at JPMorgan; PT $285
  • Cargojet (CJT CN) raised to sector outperform at Scotiabank; PT C$190
  • Chewy (CHWY) raised to outperform at Wedbush; PT $35
  • Church & Dwight (CHD) raised to overweight at Wells Fargo; PT $95
  • CubeSmart (CUBE) raised to buy at BofA
  • FMC Corp (FMC) raised to buy at BofA
  • LTC Properties (LTC) raised to market perform at BMO; PT $40
  • Quebecor (QBR/B CN) raised to outperform at National Bank; PT C$32
  • RCI/B CN (RCI/B CN) raised to buy at Veritas Investment Research Co
  • Renasant (RNST) raised to outperform at Hovde Group; PT $34
  • Rogers Communications (RCI/B CN) raised to buy at Canaccord; PT C$69
  • STEP Energy (STEP CN) raised to strong buy at Raymond James; PT C$7.75
  • Shaw Communications (SJR/B CN) raised to buy at Canaccord; PT C$40.50
  • Suncor Energy (SU CN) raised to outperform at RBC; PT C$53

 

DOWNGRADES:

  • Adobe (ADBE) cut to equal-weight at Morgan Stanley; PT $362
  • Aveanna Healthcare (AVAH) cut to equal-weight at Stephens; PT $3.50
  • Hyliion (HYLN) cut to underweight at JPMorgan
  • International Paper (IP) cut to neutral at Citi
  • Life Storage (LSI) cut to neutral at BofA; PT $133
  • National Health Investors (NHI) cut to market perform at BMO; PT $62
  • Natura &Co ADRs (NTCO3 BZ) cut to hold at Jefferies; PT $6
  • Pennant Group (PNTG) cut to equal-weight at Stephens; PT $17
  • Sea Ltd ADRs (SE) cut to sell at Tellimer; PT $60
  • Sinopec ADRs (386 HK) cut to sell at Goldman; PT $41.09
  • SunPower (SPWR) cut to sell at Goldman; PT $13
  • Sunnova Energy (NOVA) cut to neutral at Goldman; PT $24
  • Under Armour (UAA) cut to market perform at Cowen; PT $10
  • WestRock (WRK) cut to neutral at Citi

 

INITIATIONS:

  • 4Front Ventures Corp (FFNT CN) rated new speculative buy at Canaccord
  • Arvinas (ARVN) rated new hold at Jefferies; PT $42
  • Deveron (FARM CN) rated new strong buy at Raymond James; PT C$1.10
  • Dream Residential REIT (DRR/U CN) rated new sector outperform at Scotiabank
  • Freyr Battery (FREY) rated new neutral at Goldman; PT $8
  • Inari Medical (NARI) rated new overweight at Piper Sandler; PT $100
  • Innergex Renewable Energy (INE CN) rated new buy at Cormark Securities
  • KE Holdings ADRs (2423 HK) rated new buy at Citi; PT $22.50
  • Mainz Biomed (MYNZ) rated new buy at HC Wainwright; PT $25
  • Maxar Technologies (MAXR) rated new overweight at Wells Fargo; PT $39
  • Odyssey Marine (OMEX) rated new buy at EF Hutton; PT $7.50
  • Offerpad Solutions (OPAD) rated new buy at Compass Point; PT $5.50
  • Opendoor Technologies (OPEN) rated new neutral at Compass Point; PT $6
  • Palantir (PLTR) rated new buy at BofA; PT $13
  • Rexford Industrial (REXR) rated new peerperform at Wolfe; PT $63
  • Rocket Lab USA (RKLB) rated new equal-weight at Wells Fargo; PT $5
  • Symbotic (SYM) rated new outperform at Cowen; PT $18
  • Tenaya (TNYA) rated new outperform at LifeSci Capital; PT $25
  • Tenon Medical (TNON) rated new speculative buy at Benchmark; PT $6
  • Veeva (VEEV) rated new buy at Guggenheim; PT $252
  • Virgin Galactic (SPCE) rated new underweight at Wells Fargo; PT $4

 

 

 

 

 

 

 

 

 

 

David Wienke

Cabrera Capital Markets, LLC 

  

Tags: aucldxesngqqqsp500tyusdvixWTI
Previous Post

Need to Know: Elon Musk joins the growing chorus fearing a U.S. recession. But there are stocks for that.

Next Post

Danny’s View: Navigating the Bounce in a Holiday=Shortened Week

Related Posts

Cabrera Capital Daily Game Plan
Charts

Cabrera Capital Daily Game Plan

June 24, 2022
PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally
Asia

PEAK ASSET: ARVO WRAP 24 JUNE: ASX rises 0.8pc as battered tech, lithium shares rebound | ReNu Energy and Countrywide Renewable Hydrogen kick off a green hydrogen electrolysis production project in Southern Tasmania | Singapore May manufacturing output up 13.8% y/y amid chip shortage |

June 24, 2022
PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally
Asia

PEAK ASSET: MORNING WRAP 24 JUNE: ASX to slip | Wall St rallies late, copper drops | Medlab teams up with Malaysian consumer health giant to crack open an eager Asian market |

June 23, 2022
Next Post
Danny’s View:  Navigating the Bounce in a Holiday-Shortened Week

Danny's View: Navigating the Bounce in a Holiday=Shortened Week

Search

No Result
View All Result

MrTopStep Live Stream

Popular Posts

  • NYSE Holidays 2020 Stock Market Schedule

    NYSE Stock Market Holidays 2022 | Stock Market Calendar

    3238 shares
    Share 1308 Tweet 804
  • 1920s Stock Market Chart

    410 shares
    Share 164 Tweet 103
  • Introduction to T-Theory – Magic-T

    388 shares
    Share 155 Tweet 97
  • Market On Close: Trend down day and the MOC capitulated but sector wise a bit bullish.

    338 shares
    Share 135 Tweet 85
  • S&P 500 projections: What the locals in the pit think

    332 shares
    Share 133 Tweet 83

Subscribe to our Newsletter

The information in these Market Commentaries do not constitute a solicitation of the purchase or sale of any futures or options contracts.

Connect

Facebook Twitter Youtube

Office Hours

Monday-Friday: 7:30 AM- 4:00 PM
Order online 24/7

Ph: (207) 358-8545‬

email: info@mrtopstep.com

We Accept

© 2020 - MrTopStep All Rights Reserved.

No Result
View All Result
  • News
  • Products
    • Chatroom Login
    • Wyckoff Trader
    • MIM
    • Polaris Trading Group
    • IM Pro Trading Chat Room
  • Stocks
  • Charts
  • Commentary
  • Education
  • NYSE Holidays
  • Video

© 2020 - MrTopStep All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Free Webinar: MrTopStep Year End

Free Webinar: Looking at the Year End and 2021

With Danny Riley and the Team

Monday, December 7th @ 7pm ET

Register Now! (Limited room)