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

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    From the Desk of Wyckoff Trader:

    From the Desk of Wyckoff Trader:

    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: ARVO WRAP 7 February: ASX sheds 0.5pc | CBA lifts cash rate forecast to 3.85pc; ARB dives | Australia’s rental market is as tough as it has ever been |

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

    PEAK ASSET: MORNING WRAP 07 FEBRUARY: US stocks extend losses | RBA poised to lift rates by 0.25pc | Will Newmont’s $24 billion Newcrest bid cause a gold takeover cascade? |

    $ up, cotton down, easy money.

    Jason Sen: Forex

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    PEAK ASSET: ARVO WRAP 6 February: ASX drops 0.25pc | UBS remains dovish on RBA | Gascoyne Resources releases exploration target |

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

    PEAK ASSET: MORNING WRAP 06 FEBRUARY: ASX to rise as investors hang hopes on a soft landing | After a successful $4.5 million cap raise and with cancer trial results to come, Kazia is optimistic for 2023 |

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    ICE Notice

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    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

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

    PEAK ASSET: ARVO WRAP 7 February: ASX sheds 0.5pc | CBA lifts cash rate forecast to 3.85pc; ARB dives | Australia’s rental market is as tough as it has ever been |

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

    PEAK ASSET: MORNING WRAP 07 FEBRUARY: US stocks extend losses | RBA poised to lift rates by 0.25pc | Will Newmont’s $24 billion Newcrest bid cause a gold takeover cascade? |

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

    PEAK ASSET: ARVO WRAP 6 February: ASX drops 0.25pc | UBS remains dovish on RBA | Gascoyne Resources releases exploration target |

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

    PEAK ASSET: MORNING WRAP 06 FEBRUARY: ASX to rise as investors hang hopes on a soft landing | After a successful $4.5 million cap raise and with cancer trial results to come, Kazia is optimistic for 2023 |

    From the Desk of Wyckoff Trader:

    From the Desk of Wyckoff Trader:

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

    PEAK ASSET: MORNING WRAP 03 FEBRUARY: ASX to rise | Alphabet, Atlassian tumble on earnings | Aura gets 30-year guarantee for Mauritania uranium project |

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

    PEAK ASSET: ARVO WRAP 31 January: ASX swings to loss | Retail sales plummet; Megaport sheds 25pc | Avecho Biotechnology progresses CBD softgel trials for insomnia treatment |

    From the Desk of Wyckoff Trader:

    From the Desk of Wyckoff Trader:

    From the Desk of Wyckoff Trader:

    From the Desk of Wyckoff Trader:

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  • Charts

    Is half carry enough?

    Jason Sen: FX

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

    PEAK ASSET: ARVO WRAP 7 February: ASX sheds 0.5pc | CBA lifts cash rate forecast to 3.85pc; ARB dives | Australia’s rental market is as tough as it has ever been |

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

    PEAK ASSET: MORNING WRAP 07 FEBRUARY: US stocks extend losses | RBA poised to lift rates by 0.25pc | Will Newmont’s $24 billion Newcrest bid cause a gold takeover cascade? |

    $ up, cotton down, easy money.

    Jason Sen: Forex

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

    PEAK ASSET: ARVO WRAP 6 February: ASX drops 0.25pc | UBS remains dovish on RBA | Gascoyne Resources releases exploration target |

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

    PEAK ASSET: MORNING WRAP 06 FEBRUARY: ASX to rise as investors hang hopes on a soft landing | After a successful $4.5 million cap raise and with cancer trial results to come, Kazia is optimistic for 2023 |

    Dollar dipsey doodle at 10150.

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    From the Desk of Wyckoff Trader:

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    Danny’s View:  Markets Shrug Off Fed Worries

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    Danny’s View:  All About What The Fed Says (Not What It Does)

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    Taylor 3 Day Cycle – Polaris Trading Group

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    The Washington Post – US stocks open higher, putting market on track for 3rd gain

    Danny’s View: Starting The Week With A Needed Pullback

    Danny’s View:  Bulls Are In Control For Now

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From the Desk of Wyckoff Trader:

Contributor by Contributor
December 30, 2022
in Analysis, Commentary, Currencies, Stocks, Technical
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From the Desk of Wyckoff Trader:
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Disclaimer: For educational use only. I’m not dispensing financial advice. We are having an intellectual conversation (you and I) on the topic of trading the Emin futures using the Lens of Wyckoff Principles and the Eyes of WB’s clock. The clock that controls all turns intraday, every day!

They say that Elon is getting a margin call. Wow! Who would have thought? The leader in self-driving cars and brain implants is not immune to a margin call. I looked it up he’s the richest man on the planet. And he bought Twitter with Wall Street’s money and now, they want it back!

What can I say? The way the market closed Wednesday and traded over Globex it was screaming to go up. At the open, just a 5-minute rebalance from overnight, and then it was off to races! A strong move up for 10 minutes and then a 10-minute resting spell. If you wanted to get long that would have been your first opportunity.

Then a 65-minute up move. This is followed by a 15-minute down move. Price gives back just a little bit more in time and distance than the previous down move. A hard move up for 40 minutes. This falls short 20 minutes and in points gains than the previous up move. 

This is telling you the short-term bulls are starting to get themselves a bit too long and are unable to keep up the pace of the former rally. 

A down move during the SLOG for 70 minutes and then a 30-minute up move wet beaks the current high and set’s a new high of day. If you are looking to exit your long position, this would be the place. 

A down move for 65 minutes and then a 30-minute up move that recovers just half of the previous reaction. This is telling you bulls are unable to gain a following. Price has reached its limit. At least for the day.

Looking at the SPY you can see a lot of volume coming out in the last 10 minutes. Perhaps, the astute trader is taking advantage of the year’s end and is looking to start exiting just a little at the top before the bigger boys get back in town. I hear they are going to be dressed to kill Down at Dino’s Bar’n’Grill…

Looking Forward December 30, 2022

Due to recent changes in market behavior I’ve decided to change my focus to Time based trading. This allows you to benefit from the flow of the arrow of time and not fight against the algos in the nanosecond.

It should be no surprise as I write this price has retreated from the highs and now trading 3857 handle. The Short Term Traders have gotten the market too long. And It’s only natural for it to pull back. GLOBEX has traded a 20-handle range on about 68,000 lots. 

We’ve retraced about half of CASH range and found a bid just at the 10:00 am low. Chicago PMI is at 9:45 am est and next week is a shortened holding week. 

Bigger traders will be back at their desks next week so we should get a better look at how the longer-term trader is positioned. 

Today, if GLOBEX does not take it all the way back we could see a testing of the highs.

To learn more, subscribe to my AM TURN newsletter Less than a cup of coffee. In your email inbox before the opening bell.

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After you subscribe, call me at 1-888-WYCKOFF and get your free 21-minute Getting Started with the AM Turn conference call where you and I outline how WB clock dovetails to Wyckoff Tape Reading Principles. Get on the Schedule today!

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