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

    PEAK ASSET: AFTERNOON WRAP 18 JANUARY: | ASX sheds 0.8pc | Tietto Minerals appoints COO to drive development of Abujar gold project | China, Hong Kong stocks climb on upbeat GDP data |

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

    PEAK ASSET: MORNING WRAP 18 JANUARY: | ASX to fall, global equities lower | Neuroscientific is researching a potential cure for post-COVID lung damage |

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

    PEAK ASSET: AFTERNOON WRAP 15 JANUARY: | ASX down 0.6pc over the week | Lithium sector springs back to life amid acquisition deals and price rises | China stocks fall as consumer, liquor firms retreat |

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

    PEAK ASSET: MORNING WRAP 15 JANUARY: | ASX to rise | Wall St lifts on Biden stimulus |The potential life-changers on Tolga Kumova’s radar in 2021 |

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

    PEAK ASSET: AFTERNOON WRAP 14 JANUARY: | ASX gains 0.4pc | Consumer firms drag China shares lower; Alibaba, Tencent boost Hong Kong | Azure Minerals starts accelerated exploration and resource drilling program at Andover |

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

    PEAK ASSET: MORNING WRAP 14 JANUARY: | ASX to edge up | Here’s what ASX stockspert Bhavdip143 likes so much about the $35m Chimeric IPO |

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

    PEAK ASSET: AFTERNOON WRAP 13 JANUARY: | ASX snaps loosing streak | China stocks mixed on profit-taking; consumer, healthcare down | BPH Energy’s investee Advent closer to drilling Baleen gas target, carbon capture and storage research |

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

    PEAK ASSET: MORNING WRAP 13 JANUARY: | ASX to slide, Wall St mixed | Felix becomes 2021’s first ASX tech IPO; shares edge upwards |

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

    PEAK ASSET: AFTERNOON WRAP 12 JANUARY: | ASX falls 0.3pc | iCandy Interactive offers sneak peek into first of four new mobile games | China stocks rebound, Hong Kong hovers near 1-year high |

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

    PEAK ASSET: AFTERNOON WRAP 18 JANUARY: | ASX sheds 0.8pc | Tietto Minerals appoints COO to drive development of Abujar gold project | China, Hong Kong stocks climb on upbeat GDP data |

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

    PEAK ASSET: MORNING WRAP 18 JANUARY: | ASX to fall, global equities lower | Neuroscientific is researching a potential cure for post-COVID lung damage |

    The Cotton Row Journal, week of 11-15 Jan

    Cabrera Capital Daily Game Plan

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    GMTT – chart of the day – Coffee – Jan 15, 2021

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

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

    PEAK ASSET: MORNING WRAP 15 JANUARY: | ASX to rise | Wall St lifts on Biden stimulus |The potential life-changers on Tolga Kumova’s radar in 2021 |

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Home Commentary

Finally a 9:1 down day, the dust is starting to settle $ES_F 1656 x 1606, Ride the MiM

Marlin Cobb by Marlin Cobb
Wednesday, August 28, 2013
in Commentary, Stocks
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Finally a 9:1 down day, the dust is starting to settle $ES_F 1656 x 1606, Ride the MiM
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Today’s Economic News:

image

Mostly good still coming out of the economic numbers.  For today pending home sales should be the most interesting feature.  

Quote of the Day:
Adversity attracts the man of character. He seeks out the bitter joy of responsibility.
–Charles de Gaulle

Featured Breadth Chart of the Day:

image

We got our turn around below the 56 area that we wanted.  We want some more downside follow through to take us to below that 40 value again.  Once there we can restart a breadth thrust count for real possibly this time.

 

Comments and Levels for the Front ES (S&P500 – Emini futures) contract:

Short: 1686
Long:  1606

image

Double bottom in at 1626 area.

We think there is just a bit more downside to come in the next few days, heading toward our 1606 area.  So far this pull back is quite healthy.  We would expect 1656 to repeal any rally attempt and maybe even 1643.

We did get a significant signal yesterday, a nice 9:1 down volume day. (A day when 90% of the volume on the market was negative).

image

We have been waiting for that, in fact the lack of that signal was what convinced us that the low for this correction was not in yet last week.   We want a 2nd 9:1 day like in June to complete the selling.  Until then we remain bearish.

 

On the MiM:

image

What a great crowd in our MiM webinar yesterday.  Sorry about some of the technical glitches but almost everyone got in ok and got to spend a day on the closing MiM to see it in action, even though that action was somewhat lackluster to say the least.  Thank you to our host Jill from The Street.

I tried hard, maybe too hard, to convince everyone that on a day when the ES is down 20+, a lackluster MiM is information.  Trading into the close and knowing that there isn’t going to be a big counter move into the close is worth points.

There was a ton of great questions about how I trade the MiM (I am a straight trader long or short futures and very selective about my entries).   Yesterday did not meet my criteria because of the lack of size (I want > 150MM) and strong alignment in dollar and symbol percentage (> 66%).

My reading from yesterday, going into 3pm ET with a –4:1 NYSE A/D line, was that this closing auction wasn’t going to matter.  The direction from the day should dominate the close.   There was some small covering around the reveal time (3:45pm ET), but it didn’t last.

Thank you to those that joined.  There is still room on the MiM for others that want to join.  Danny has guaranteed that after one month riding the MiM you will understand more about the close and how to trade it.  If that is not the case your one month fee will be returned.  It is the best education value you can get, like a one month long webinar in the closing batting cages.

If you want to join the meter readers you can go to: Ride the MiM

 

 

 

Comments about TLT (Twenty year Bond ETF):

image

Earlier this year we called for a sub 100 price on the TLT.  We think this counter move here is setting that up.   Our downside for now is 101 but we are waiting to see where this bond rally is going to end.

>>> Follow us @redliontrader<<<<<

 

Breadth Charts in Full :

Zweig Breadth Thrust:

image

We want oversold again.


Cumulative Volume Index:

image

Finally some volume.

 


Number of NYSE issues trading ABOVE their 40 day moving average (40DPI):

image

There goes the breadth along with the markets. 


New Highs / New Lows ratio chart :

image

Stayed below 90, that is what we wanted.


Trenders :

Short Term Trender –  McClellan Summation Index:

image

bearish:


Long Term Trender –  Cumulative 4-week Highs – Lows (the fat lady):
image

back to bearish for the fat-lady

Thank you for Reading –
Marlin aka RedlionTrader @redliontrader

 

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. RedlionTrader.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. RedlionTrader.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.

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