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

    PEAK ASSET: ARVO WRAP 1 JUNE: ASX rises, led by rally in health stocks | Paladin bounces back | Surefire Resources’ drilling confirms extension of mineralisation at Yidby gold project |

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

    PEAK ASSET: MORNING WRAP 1 JUNE: ASX to slip | Energy sector paces S&P 500 lower | Meet the gold explorer that thinks it can be the next Bellevue |

    Use AI-Driven Rally to Reposition For Worst Months

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

    PEAK ASSET: ARVO WRAP 31 MAY: ASX hits two-month low as traders up bet for RBA rate rise | Vulcan Energy signs geothermal project agreement with car maker Stellantis |

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

    PEAK ASSET: MORNING WRAP 31 MAY: ASX to slide | Wall Street mixed, Tesla higher | UG2 resource upgrade positions Southern Palladium for a bright PGE future |

    Bulls Are in Control, But How Sustainable Is the Current Rally?

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

    PEAK ASSET: ARVO WRAP 30 MAY: ASX falls, dragged lower by energy and REIT’s | Sayona Mining raises $200m to accelerate North American Lithium project | Felix Gold begins drilling in historic Fairbanks district of Alaska |

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

    PEAK ASSET: MORNING WRAP 30 MAY: ASX to slip | S&P 500 futures point to further gains | ASX-listed Micro-X made a crucial bomb disposal breakthrough |

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    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 1 JUNE: ASX rises, led by rally in health stocks | Paladin bounces back | Surefire Resources’ drilling confirms extension of mineralisation at Yidby gold project |

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

    PEAK ASSET: MORNING WRAP 1 JUNE: ASX to slip | Energy sector paces S&P 500 lower | Meet the gold explorer that thinks it can be the next Bellevue |

    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 31 MAY: ASX hits two-month low as traders up bet for RBA rate rise | Vulcan Energy signs geothermal project agreement with car maker Stellantis |

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

    PEAK ASSET: MORNING WRAP 31 MAY: ASX to slide | Wall Street mixed, Tesla higher | UG2 resource upgrade positions Southern Palladium for a bright PGE future |

    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 30 MAY: ASX falls, dragged lower by energy and REIT’s | Sayona Mining raises $200m to accelerate North American Lithium project | Felix Gold begins drilling in historic Fairbanks district of Alaska |

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

    PEAK ASSET: MORNING WRAP 30 MAY: ASX to slip | S&P 500 futures point to further gains | ASX-listed Micro-X made a crucial bomb disposal breakthrough |

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    ‘Thin to Win’ Is Today’s Theme

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    CME Loses Key Battle in Potentially Costly Trader Lawsuit

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    24X5 Options Trading Begins Sunday, November 21

    ICE Notice

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

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    CME Group Globex Labor Day Holiday Schedule

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    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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    The MIM Has Been Dominating the Sell Side

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

    PEAK ASSET: ARVO WRAP 1 JUNE: ASX rises, led by rally in health stocks | Paladin bounces back | Surefire Resources’ drilling confirms extension of mineralisation at Yidby gold project |

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

    PEAK ASSET: MORNING WRAP 1 JUNE: ASX to slip | Energy sector paces S&P 500 lower | Meet the gold explorer that thinks it can be the next Bellevue |

    Use AI-Driven Rally to Reposition For Worst Months

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

    PEAK ASSET: ARVO WRAP 31 MAY: ASX hits two-month low as traders up bet for RBA rate rise | Vulcan Energy signs geothermal project agreement with car maker Stellantis |

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

    PEAK ASSET: MORNING WRAP 31 MAY: ASX to slide | Wall Street mixed, Tesla higher | UG2 resource upgrade positions Southern Palladium for a bright PGE future |

    Bulls Are in Control, But How Sustainable Is the Current Rally?

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

    PEAK ASSET: ARVO WRAP 30 MAY: ASX falls, dragged lower by energy and REIT’s | Sayona Mining raises $200m to accelerate North American Lithium project | Felix Gold begins drilling in historic Fairbanks district of Alaska |

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

    PEAK ASSET: MORNING WRAP 30 MAY: ASX to slip | S&P 500 futures point to further gains | ASX-listed Micro-X made a crucial bomb disposal breakthrough |

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  • 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 1 JUNE: ASX rises, led by rally in health stocks | Paladin bounces back | Surefire Resources’ drilling confirms extension of mineralisation at Yidby gold project |

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

    PEAK ASSET: MORNING WRAP 1 JUNE: ASX to slip | Energy sector paces S&P 500 lower | Meet the gold explorer that thinks it can be the next Bellevue |

    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 31 MAY: ASX hits two-month low as traders up bet for RBA rate rise | Vulcan Energy signs geothermal project agreement with car maker Stellantis |

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

    PEAK ASSET: MORNING WRAP 31 MAY: ASX to slide | Wall Street mixed, Tesla higher | UG2 resource upgrade positions Southern Palladium for a bright PGE future |

    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 30 MAY: ASX falls, dragged lower by energy and REIT’s | Sayona Mining raises $200m to accelerate North American Lithium project | Felix Gold begins drilling in historic Fairbanks district of Alaska |

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

    PEAK ASSET: MORNING WRAP 30 MAY: ASX to slip | S&P 500 futures point to further gains | ASX-listed Micro-X made a crucial bomb disposal breakthrough |

  • Commentary
    • All
    • Market Recap
    • MrTopStep

    The MIM Has Been Dominating the Sell Side

    Use AI-Driven Rally to Reposition For Worst Months

    Bulls Are in Control, But How Sustainable Is the Current Rally?

    Can We Get an Options Squeeze for “Fry-Day?”

    The Selloff Is Putting Us Back Into The Painful Range Trade

    A Few Individual Stock Trades Stand Out

    Like a Tractor in a Rainstorm, the S&P Is Stuck in the Mud

    ‘Thin to Win’ Is Today’s Theme

    3 Lessons From My Mistake. Opex & Powell Are on Tap!

  • Education
    • All
    • Economics
    • Trading Methods
    • Trading Psychology
    • Trading Room
    • Trading Rules
    • Webinars
    Cabrera Capital Daily Game Plan

    Cabrera Capital Daily Game Plan

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

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

    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?

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MrTopStep’s Index Futures Recap

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January 13, 2016
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MrTopStep New Year’s Throwback 2012: Happy New Years From the S&P 500 futures and options pit
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MrTopStep New Year’s Throwback 2012: Happy New Years From the S&P 500 futures and options pit

MrTopStep’s Index Futures Recap  –  Wednesday January 13th

 

Last night on the globex open, the S&P futures traded at 1922.50, and caught an early bid into the Asian open, and maintained higher prices after the Chinese economic release, making a high at the 1945 area and topping there and chopping in that area during the European session, trading nearly 7 handles off that high into the U.S. cash market open.

 

At the US regular trading hours open, the S&P was traded at 1939.00 and maintained its pattern over the last few sessions of attempting to find a new high and then selling off as the 1943.25 high failed and offers began to flood the market, and the equity indexes never looked back.  Going into the afternoon, every bounce had failed, and the situation began to look concerning as the futures were breaking the recent standard of higher lows, and pushing back toward Tuesday’s RTH and globex lows, smashing through those levels, on down to Monday’s 1892.50 low, took that level out, and pushed on down to 1878.00, more than 60 handles from the cash session open.  The rally into the final hour fell short of driving any significant bullish momentum as sell programs took the market lower in the final minutes in the face of a market-on-close imbalance of 170 million to buy, leaving the S&P just 3 handles off the lows.

 

Overnight the Chinese import/export numbers beat expectations, for which the bar was set fairly low; and in the U.S., economic data was virtually nonexistent.  Heading into tomorrow, noteworthy on the calendar will be the Bank of England decision as well as some early numbers in the U.S. with the cash session remaining relatively quiet as far data announcements are concerned.

 

Given today’s close below Monday’s low, technically the futures still maintain a bearish bias as now the 1861.00 September low could come into play, as well as potentially the 1831.00 low from August.  

 

From Goldman Sachs

In our view, the recent volatility in the China equity markets is unlikely to have a meaningful spillover effect into the credit markets, similar to what we saw during the Chinese equity market volatility last year. What concerns us is the intensification of capital outflow pressures, with the risk of a larger than expected depreciation and rising credit stresses.

We do not think that the depreciation of the RMB is likely to have a meaningful negative impact on Chinese corporates’ credit profiles, based on an analysis we carried out on listed company leverage. Our concern is that the negative impact on risk assets from a larger than expected RMB depreciation could spill over to risk sentiment in the China credit markets, although that is not our base case, as we expect a modest depreciation of the USD/CNY to 7.0 by the end of this year.

From a credit fundamentals perspective, we do expect credit stresses to rise, affected by a combination of slowing growth, weakness in commodity prices and high levels of corporate leverage. This can be seen in non-performing loans (NPLs) in China’s banking sector, which reached 1.5% in 2015H1 according to data from the China banking regulator, up from 1.2% at the end of 2014 and 1.0% at the end of 2013. But we do think that this will be a long NPL cycle, with periods of “forbearance” as policymakers seek to underpin growth.

As such, we remain comfortable with China credit risk but would seek to avoid the riskier segments, namely the lower-rated IG names and the commodities and energy-related sectors

 

From Bank of America

February WTI crude oil futures breaks $30 a barrel for the first time since 2003. Now momentum is diverging signaling a short term sign of strength after price tested support below the psychologically significant round number of $30.

Our bearish view last published on December 7th eyeing $32 was reached and $28 remains. According to Market Profile, we see the next major level at $28.00. The weekly chart pictured next presents what may be a longer term bullish divergence.

Long term bullish divergence forming. It takes time for a 3 troughed weekly bullish divergence to develop and it is attempting to form here. We are watching closely as this can be a significant indication that crude oil is nearing the bottom. If crude oil bounces, then it would be the third time in a row a low is made with less downward momentum. Then the question becomes can crude remain above $30 and is a bottom really forming.

 

From Soc Gen

In our opinion, the low price of oil is a major threat in almost all assets in all markets”, – said Keith Jax, an analyst at Societe Generale. – “This year, cheap oil will be the main factor responsible for the expected defaults and even if the apocalyptic predictions of  25/20/10 $ a barrel will not come true, the damage is already done. This ensures that in 2016 the world’s foreign exchange reserves will continue to decline. Yesterday I attended an event organized by Albert Edwards. He advised investors to stay away from the developing countries as long as their foreign exchange reserves did not start to rise.

Fed’s Evans: I’m less optimistic than my colleagues about inflation

Fed’s Evans: Prefers 2 or 3 rate hikes this year

Fed’s Rosengren: ECB negative rates as the Fed hikes complicates things

Fed’s Rosengren: Data raise possibility US growth may be slowing

 

Danny Riley of MrTopStep has been asked to make an appearance on the radio at 7:55 a.m. CST and 11:55 a.m. CST Friday at www.rmastars.com.  Danny is hoping that all of his followers will come out and listen to him as he discusses relevant market news and timely commentary on the S&P 500 and all tradeable markets.                

 

     mtsradio                         

 

Seen Today In The IM Pro Trading Room:

 

IMPRO : Dboy ( 11:11:14 AM ): paid 24.50 small

IMPRO : Dboy ( 11:13:23 AM ): using a 3 buck stop

IMPRO : Dboy ( 11:15:24 AM ): offering half at 1931

IMPRO : Dboy ( 11:17:28 AM ): love this

IMPRO : Dboy ( 11:18:24 AM ): this is what I think makes this forum – everyone sees it in a different way

IMPRO : Dboy ( 11:18:35 AM ): so much flow

IMPRO : Dboy ( 11:18:45 AM ): filled

IMPRO : Dboy ( 11:18:49 AM ): bam

IMPRO : Dboy ( 11:19:39 AM ): stop is up to 22.75 oco 2035.75 offer

IMPRO : Dboy ( 11:22:12 AM ): sold 32.00s on the bal

IMPRO : Dboy ( 11:22:22 AM ): flat and out

 

Floor Pivots For Tomorrow’s RTH E-mini

 

R3  2031.25

R2  1966.00

R1  1923.50

PP  1900.75

S1  1858.25

S2  1835.50

S3  1770.25

 

Tomorrow’s Notable Earnings: Intel Corp (INTC), JPMorgan Chase Co (JPM)

 

Tomorrow’s Economic Calendar:

 

Weekly Bill Settlement

 

James Bullard Speaks

8:15 AM ET

 

Jobless Claims

8:30 AM ET

 

Import and Export Prices

8:30 AM ET

 

Bloomberg Consumer Comfort Index

9:45 AM ET

 

EIA Natural Gas Report

10:30 AM ET

 

3-Month Bill Announcement

11:00 AM ET

 

6-Month Bill Announcement

11:00 AM ET

 

10-Yr TIPS Announcement

11:00 AM ET

 

30-Yr Bond Auction

1:00 PM ET

 

Fed Balance Sheet

4:30 PM ET

 

Money Supply

4:30 PM ET

 

  • Open: 1939.00
  • High 1943.25
  • Low: 1878.00
  • Close: 1881.00
  • Volume: 2.8 million total
  • MOC: $170 million to BUY
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