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

    PEAK ASSET: ARVO WRAP 6 December: ASX up almost 2pc as iron ore, lithium miners jump; Evolution Mining down 14pc | Phase 3 extension on the cards as Latin’s Salinas resource vaults 56pc |

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

    PEAK ASSET: ARVO WRAP 5 December: Shares chartered their worst one-day decline in more than a month | Reserve Bank of Australia’s decision to leave rates at 4.35 per cent |

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    PEAK ASSET: MORNING WRAP 5 December: ASX to fall, Wall Street rally hits a wall | Hillgrove’s ‘rotainers’ have arrived at Port Adelaide | 30 years ago, a disruptive tech devastated copper prices. It could be about to happen again |

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

    PEAK ASSET: ARVO WRAP 4 December: Shares rally as gold hits all-time high, Bitcoin above US$40k for first time this year | ADX Energy extends collaboration with MND through farm-out of gas exploration prospects in Upper Austria |

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

    PEAK ASSET: MORNING WRAP 4 December: ASX to jump higher | S&P/ASX 200 futures were tipping a 65-point, or 0.9 per cent jump | Gold: US$2,071.25 (+1.68%) |

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

    PEAK ASSET: ARVO WRAP 1 December: A Friday fizzer for Aussie markets as energy and tech stocks drag | Mitre Mining acquires transformational Chilean silver-gold project |

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

    PEAK ASSET: MORNING WRAP 1 December: ASX to open lower | Dow +1% S&P -0.1% Nasdaq -0.7% | Spot gold -0.5% to $US2034 |

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

    PEAK ASSET: ARVO WRAP 30 November: ASX climbs again as IRESS jumps 16pc | Cettire down 10pc as big shareholder dumps stock | Boss Energy captures trace uranium from start-up wells at Honeymoon project |

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

    PEAK ASSET: MORNING WRAP 30 November: ASX to rise | Dow +0.2% S&P +0.1% Nasdaq +0.03% | Spot gold +0.3% to $US2047.98/oz |

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

    PEAK ASSET: ARVO WRAP 6 December: ASX up almost 2pc as iron ore, lithium miners jump; Evolution Mining down 14pc | Phase 3 extension on the cards as Latin’s Salinas resource vaults 56pc |

    Daily Game Plan

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

    PEAK ASSET: ARVO WRAP 5 December: Shares chartered their worst one-day decline in more than a month | Reserve Bank of Australia’s decision to leave rates at 4.35 per cent |

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

    PEAK ASSET: MORNING WRAP 5 December: ASX to fall, Wall Street rally hits a wall | Hillgrove’s ‘rotainers’ have arrived at Port Adelaide | 30 years ago, a disruptive tech devastated copper prices. It could be about to happen again |

    Daily Game Plan

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

    PEAK ASSET: ARVO WRAP 4 December: Shares rally as gold hits all-time high, Bitcoin above US$40k for first time this year | ADX Energy extends collaboration with MND through farm-out of gas exploration prospects in Upper Austria |

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

    PEAK ASSET: MORNING WRAP 4 December: ASX to jump higher | S&P/ASX 200 futures were tipping a 65-point, or 0.9 per cent jump | Gold: US$2,071.25 (+1.68%) |

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    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

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

    PEAK ASSET: ARVO WRAP 6 December: ASX up almost 2pc as iron ore, lithium miners jump; Evolution Mining down 14pc | Phase 3 extension on the cards as Latin’s Salinas resource vaults 56pc |

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

    PEAK ASSET: ARVO WRAP 5 December: Shares chartered their worst one-day decline in more than a month | Reserve Bank of Australia’s decision to leave rates at 4.35 per cent |

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

    PEAK ASSET: MORNING WRAP 5 December: ASX to fall, Wall Street rally hits a wall | Hillgrove’s ‘rotainers’ have arrived at Port Adelaide | 30 years ago, a disruptive tech devastated copper prices. It could be about to happen again |

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

    PEAK ASSET: ARVO WRAP 4 December: Shares rally as gold hits all-time high, Bitcoin above US$40k for first time this year | ADX Energy extends collaboration with MND through farm-out of gas exploration prospects in Upper Austria |

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

    PEAK ASSET: MORNING WRAP 4 December: ASX to jump higher | S&P/ASX 200 futures were tipping a 65-point, or 0.9 per cent jump | Gold: US$2,071.25 (+1.68%) |

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

    PEAK ASSET: ARVO WRAP 1 December: A Friday fizzer for Aussie markets as energy and tech stocks drag | Mitre Mining acquires transformational Chilean silver-gold project |

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

    PEAK ASSET: MORNING WRAP 1 December: ASX to open lower | Dow +1% S&P -0.1% Nasdaq -0.7% | Spot gold -0.5% to $US2034 |

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

    PEAK ASSET: ARVO WRAP 30 November: ASX climbs again as IRESS jumps 16pc | Cettire down 10pc as big shareholder dumps stock | Boss Energy captures trace uranium from start-up wells at Honeymoon project |

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

    PEAK ASSET: MORNING WRAP 30 November: ASX to rise | Dow +0.2% S&P +0.1% Nasdaq +0.03% | Spot gold +0.3% to $US2047.98/oz |

    Trending Tags

    • FEEDID-6
    • FEEDID-51
    • FEEDID-44
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    • FEEDID-21
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    • feedid-56
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  • Charts

    Daily Game Plan

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

    PEAK ASSET: ARVO WRAP 6 December: ASX up almost 2pc as iron ore, lithium miners jump; Evolution Mining down 14pc | Phase 3 extension on the cards as Latin’s Salinas resource vaults 56pc |

    Daily Game Plan

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

    PEAK ASSET: ARVO WRAP 5 December: Shares chartered their worst one-day decline in more than a month | Reserve Bank of Australia’s decision to leave rates at 4.35 per cent |

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

    PEAK ASSET: MORNING WRAP 5 December: ASX to fall, Wall Street rally hits a wall | Hillgrove’s ‘rotainers’ have arrived at Port Adelaide | 30 years ago, a disruptive tech devastated copper prices. It could be about to happen again |

    Daily Game Plan

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

    PEAK ASSET: ARVO WRAP 4 December: Shares rally as gold hits all-time high, Bitcoin above US$40k for first time this year | ADX Energy extends collaboration with MND through farm-out of gas exploration prospects in Upper Austria |

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

    PEAK ASSET: MORNING WRAP 4 December: ASX to jump higher | S&P/ASX 200 futures were tipping a 65-point, or 0.9 per cent jump | Gold: US$2,071.25 (+1.68%) |

    Daily Game Plan

    Daily Game Plan

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    • MrTopStep

    Do We Have a “Good” Low or Is This a Setup?

    Do We Have a “Good” Low or Is This a Setup?

    August Opex: Will Things Get Ugly?

    Are We Setting Up for an Opex Bounce?

    S&P Sits at Key Support as Trends Turn Bearish

    Correction Continues As Recent Lows Are on Watch

    Bulls Are Looking for a Bounce After Slow Start to August

    The Ticker

    Stocks Under Pressure Early on Friday. Can We Get a Low?

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    Quantitative Statistics and Analysis, Make Better Trading Decisions – Free Webinar – Saturday 12:00pm ET

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Home Analysis

Market On Close: $800M buy on low volume.

Marlin Cobb by Marlin Cobb
December 27, 2021
in Analysis, Imbalances, MiM, MTS Products
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Market On Close: Trend down day and the MOC capitulated but sector wise a bit bullish.
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What is a Market On Close Imbalance?

Each trading day the major exchanges have to close and set a closing price. The NYSE uses the market on close orders to do that, the Nasdaq uses a crossing mechanism. These orders need to be entered before 15:50 ET after which they cannot be canceled. A market on close imbalance occurs a larger number of market on close orders on the buy or sell side. If a trader wants to execute a MOC past the 15:50 deadline they must enter an order opposite the imbalance. For instance, if stock A has a buy imbalance then only a sell MOC will be accepted.

For traders closing around the close, the Market Imbalance Meter (MiM) blends both the Nasdaq cross and NYSE market on close imbalance data. The MiM aggregates and produces a unique view for traders. Closing price action begins at 14:00 until the 16:00 cash close. Traders should keep the Final-2 hours in mind while trading.

December 22, 2021

Imbalance

The early MiM was showing a sell-side but other indicators were on a buy so at 15:45 we called for a likely buy on the 15:50 reveal. That was a bit better than we or the market thought and prices squeezed into the highs of the day. It is tough to short Santa’s Rally as trade volume becomes thin and weak hands become dominant. The Dquotes at 15:55 sold just a bit into the imbalance as prices ran higher.

T

The tape was sideways at 14:00 and at 14:27 a sell program and 3-minute recovery on a small sell program was a warning to shorts that liquidity was low. The tape began to rise into the close. In the 15:48 minute, two sell programs fired off and again drove the tape done but this time triggered a flurry of buys. The strong buy MOC only exacerbated the pain of the bears and drove prices higher on the close.

Top Buy and Sell Symbols

Tesla, Alibaba (where is Ma?) and Google were all on the buy side with none having triple-digit buys. Same on the sell-side as Comcast, Aptiv, and Workday anchored the sell-side.

Sectors

Basic material was the only strong lean with a sell-side symbol lean of 70%

If you are interested in joining our trading community and gaining access to our opening and closing data as well as our developing tape sniffing products, head here: https://mrtopstep.com/l/mim

Don’t trade the market cash Open and Close without some type of insight. At least understand what is mechanically happening at 8:00 to 9:30 am ET and 14:00 to 16:15. These are very volatile trading windows. See you in the room.

Marlin



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