Quotes by TradingView
Friday, January 22, 2021
Premium: TradeChat
No Result
View All Result
MrTopStep.com LLC
  • News
    • All
    • Reuters Business
    OP: Missing the Mark

    OP: Missing the Mark

    OP: Missing the Mark

    Protected: OP: Missing the Mark

    OP: Wall Street Welcomes Biden

    OP: Wall Street Welcomes Biden

    OP: Wall Street Welcomes Biden

    Protected: OP: Wall Street Welcomes Biden

    Thursday AP Morning Wire

    Thursday AP Morning Wire

    OP: Biden’s Big Day

    OP: Biden’s Big Day

    OP: Biden’s Big Day

    Protected: OP: Biden’s Big Day

    Inauguration Day AP Morning Wire

    Inauguration Day AP Morning Wire

    OP: Going Up?

    OP: Going Up?

  • Products
    • Chatroom Login
    • Wyckoff Trader
    • MIM
    • Polaris Trading Group
    • IM Pro Trading Room
    • The Opening Print
    • FREE Daily Opening Print
  • 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: AFTERNOON WRAP 22 JANUARY: | ASX up 1.3pc in huge week for Zip, Lynas | iCandy looks to double up in Chinese gaming market with Rocky Rampage launch |

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

    PEAK ASSET: MORNING WRAP 22 JANUARY: | ASX to fall, Apple lifts Wall Street | The tests ASX healthcare companies have upcoming in 2021 |

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

    PEAK ASSET: AFTERNOON WRAP 21 JANUARY: | ASX gains 0.8pc | Greenhouse study shows AVZ Minerals could achieve lowest carbon footprint at Manono lithium-tin project |

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

    PEAK ASSET: MORNING WRAP 21 JANUARY: | ASX to rise | Eco-fibre play Nanollose leads ASX healthcare sector with 292% gain |

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

    PEAK ASSET: AFTERNOON WRAP 20 JANUARY: | ASX hits 11 month high | China shares rise on c.bank’s liquidity boost; EV, healthcare stocks shine |

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

    PEAK ASSET: MORNING WRAP 20 JANUARY: | ASX to rise | 3 cannabis players discuss how to view the sector through a biotech lens |

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

    PEAK ASSET: AFTERNOON WRAP 19 JANUARY: | ASX rises 1pc | US eyes Australian market as cannabis investment fund takes stake in Lifespot Health |

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

    PEAK ASSET: MORNING WRAP 19 JANUARY: | ASX to rise, $A eases amid greenback surge | Battery sector cries out for more graphite as shortfall looms |

    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 |

    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

    The Cotton Row Journal, week of 18-22 Jan

    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: AFTERNOON WRAP 22 JANUARY: | ASX up 1.3pc in huge week for Zip, Lynas | iCandy looks to double up in Chinese gaming market with Rocky Rampage launch |

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

    PEAK ASSET: MORNING WRAP 22 JANUARY: | ASX to fall, Apple lifts Wall Street | The tests ASX healthcare companies have upcoming in 2021 |

    The Cotton Row Journal, week of 18-22 Jan

    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: AFTERNOON WRAP 21 JANUARY: | ASX gains 0.8pc | Greenhouse study shows AVZ Minerals could achieve lowest carbon footprint at Manono lithium-tin project |

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

    PEAK ASSET: MORNING WRAP 21 JANUARY: | ASX to rise | Eco-fibre play Nanollose leads ASX healthcare sector with 292% gain |

    The Cotton Row Journal, week of 18-22 Jan

  • Commentary
    • All
    • Market Recap
    • MrTopStep
    Chart of the Day: Coming Up (Smaller Companies Rally)

    Chart of the Day: Coming Up (Smaller Companies Rally)

    links

    Danny’s Links: January 22nd 2020

    OP: Missing the Mark

    OP: Missing the Mark

    OP: Missing the Mark

    Protected: OP: Missing the Mark

    S&P 500 repurchasers return to favor as Netflix looks at joining them

    S&P 500 repurchasers return to favor as Netflix looks at joining them

    OP: Wall Street Welcomes Biden

    OP: Wall Street Welcomes Biden

    links

    Danny’s Links:

    Washington Post: 900,000 filed for jobless claims last week, a historically high level as Biden inherits worst job market of any modern president

    OP: Wall Street Welcomes Biden

    Protected: OP: Wall Street Welcomes Biden

  • Education
    • All
    • Economics
    • Trading Methods
    • Trading Psychology
    • Trading Room
    • Trading Rules
    • Webinars
    GMTT / Chart of the day / Apple / Oct 27, 2020

    GMTT / Chart of the day / Apple / Oct 27, 2020

    NASDOG.com: Corn, What Changed Today?

    NASDOG.com: Corn, What Changed Today?

    NASDOG.com: Stocks Getting Serious; Quick Word on Beans

    NASDOG.com: Stocks Getting Serious; Quick Word on Beans

    NASDOG.com: Full For a Bull

    NASDOG.com: Full For a Bull

    HotSpots for 01/02/2020 for $ES $YM $NQ

    HotSpots for 01/02/2020 for $ES $YM $NQ

    HotSpots for 12/31/2019 for $ES $YM $NQ

    HotSpots for 12/30/2019 for $ES $YM $NQ

    HotSpots for 12/27/2019 for $ES $YM $NQ

    HotSpots for 12/25/2019 for $ES $YM $NQ

  • NYSE Holidays
  • Video
  • News
    • All
    • Reuters Business
    OP: Missing the Mark

    OP: Missing the Mark

    OP: Missing the Mark

    Protected: OP: Missing the Mark

    OP: Wall Street Welcomes Biden

    OP: Wall Street Welcomes Biden

    OP: Wall Street Welcomes Biden

    Protected: OP: Wall Street Welcomes Biden

    Thursday AP Morning Wire

    Thursday AP Morning Wire

    OP: Biden’s Big Day

    OP: Biden’s Big Day

    OP: Biden’s Big Day

    Protected: OP: Biden’s Big Day

    Inauguration Day AP Morning Wire

    Inauguration Day AP Morning Wire

    OP: Going Up?

    OP: Going Up?

  • Products
    • Chatroom Login
    • Wyckoff Trader
    • MIM
    • Polaris Trading Group
    • IM Pro Trading Room
    • The Opening Print
    • FREE Daily Opening Print
  • 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: AFTERNOON WRAP 22 JANUARY: | ASX up 1.3pc in huge week for Zip, Lynas | iCandy looks to double up in Chinese gaming market with Rocky Rampage launch |

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

    PEAK ASSET: MORNING WRAP 22 JANUARY: | ASX to fall, Apple lifts Wall Street | The tests ASX healthcare companies have upcoming in 2021 |

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

    PEAK ASSET: AFTERNOON WRAP 21 JANUARY: | ASX gains 0.8pc | Greenhouse study shows AVZ Minerals could achieve lowest carbon footprint at Manono lithium-tin project |

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

    PEAK ASSET: MORNING WRAP 21 JANUARY: | ASX to rise | Eco-fibre play Nanollose leads ASX healthcare sector with 292% gain |

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

    PEAK ASSET: AFTERNOON WRAP 20 JANUARY: | ASX hits 11 month high | China shares rise on c.bank’s liquidity boost; EV, healthcare stocks shine |

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

    PEAK ASSET: MORNING WRAP 20 JANUARY: | ASX to rise | 3 cannabis players discuss how to view the sector through a biotech lens |

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

    PEAK ASSET: AFTERNOON WRAP 19 JANUARY: | ASX rises 1pc | US eyes Australian market as cannabis investment fund takes stake in Lifespot Health |

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

    PEAK ASSET: MORNING WRAP 19 JANUARY: | ASX to rise, $A eases amid greenback surge | Battery sector cries out for more graphite as shortfall looms |

    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 |

    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

    The Cotton Row Journal, week of 18-22 Jan

    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: AFTERNOON WRAP 22 JANUARY: | ASX up 1.3pc in huge week for Zip, Lynas | iCandy looks to double up in Chinese gaming market with Rocky Rampage launch |

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

    PEAK ASSET: MORNING WRAP 22 JANUARY: | ASX to fall, Apple lifts Wall Street | The tests ASX healthcare companies have upcoming in 2021 |

    The Cotton Row Journal, week of 18-22 Jan

    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: AFTERNOON WRAP 21 JANUARY: | ASX gains 0.8pc | Greenhouse study shows AVZ Minerals could achieve lowest carbon footprint at Manono lithium-tin project |

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

    PEAK ASSET: MORNING WRAP 21 JANUARY: | ASX to rise | Eco-fibre play Nanollose leads ASX healthcare sector with 292% gain |

    The Cotton Row Journal, week of 18-22 Jan

  • Commentary
    • All
    • Market Recap
    • MrTopStep
    Chart of the Day: Coming Up (Smaller Companies Rally)

    Chart of the Day: Coming Up (Smaller Companies Rally)

    links

    Danny’s Links: January 22nd 2020

    OP: Missing the Mark

    OP: Missing the Mark

    OP: Missing the Mark

    Protected: OP: Missing the Mark

    S&P 500 repurchasers return to favor as Netflix looks at joining them

    S&P 500 repurchasers return to favor as Netflix looks at joining them

    OP: Wall Street Welcomes Biden

    OP: Wall Street Welcomes Biden

    links

    Danny’s Links:

    Washington Post: 900,000 filed for jobless claims last week, a historically high level as Biden inherits worst job market of any modern president

    OP: Wall Street Welcomes Biden

    Protected: OP: Wall Street Welcomes Biden

  • Education
    • All
    • Economics
    • Trading Methods
    • Trading Psychology
    • Trading Room
    • Trading Rules
    • Webinars
    GMTT / Chart of the day / Apple / Oct 27, 2020

    GMTT / Chart of the day / Apple / Oct 27, 2020

    NASDOG.com: Corn, What Changed Today?

    NASDOG.com: Corn, What Changed Today?

    NASDOG.com: Stocks Getting Serious; Quick Word on Beans

    NASDOG.com: Stocks Getting Serious; Quick Word on Beans

    NASDOG.com: Full For a Bull

    NASDOG.com: Full For a Bull

    HotSpots for 01/02/2020 for $ES $YM $NQ

    HotSpots for 01/02/2020 for $ES $YM $NQ

    HotSpots for 12/31/2019 for $ES $YM $NQ

    HotSpots for 12/30/2019 for $ES $YM $NQ

    HotSpots for 12/27/2019 for $ES $YM $NQ

    HotSpots for 12/25/2019 for $ES $YM $NQ

  • NYSE Holidays
  • Video
No Result
View All Result
MrTopStep.com LLC
Home Commentary

New Highs, Weak A/D line… looking at $ES_F 1700 to stall the market

Marlin Cobb by Marlin Cobb
Tuesday, July 23, 2013
in Commentary, S&P 500, Stocks
0 0
0
New Highs, Weak A/D line… looking at $ES_F 1700 to stall the market
22
SHARES
160
VIEWS
Share on FacebookShare on Twitter

Today’s Economic News:

image

Not much in news today around the globe.  In the US, house price index and consumer confidence should be market stimulants.

Quote of the Day:
To cease smoking is the easiest thing. I ought to know. I’ve done it a thousand times.
–Mark Twain

Featured Breadth Chart of the Day:

image

Continue to note the lower Zweig and higher prices.  That divergence will turn.

 

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

Short: 1700
Long:  1684

image

The grind continues to the upside.  We have a decent inverse Head & Shoulders in place that we have marked out with our lipstick crayon and we have it pointing to the destined 1700 area.  We will watch that play out with some expected turbulence in the 1997 area.  I think today’s news might be a factor in these numbers.

The A/D lines continue to get weaker, but those quality stocks are still being bought as is the S&P, hence new highs. The NYSE put in 323 new highs yesterday.  Very strong.   We would like to see a test a of the 1684 area soon. 

That is what we will be watching today.

 

 

On The MiM

image

Again, the MiM gave us a strong buy signal, but the market did not follow through and it did do a nasty shake in the middle of the close.  HRH Princess Kate had the inconvenience of birthing another royal during the close.  I am not sure if that triggered the news arbitrage machines, if people left their posts to check out the news or what, but we did get an annoying spike down.

I entered long a bit early and had to ride the tower of terror for a few minutes.  Once stabled, I did add and effective broke even on my first lot (made .25) and then a couple on the second.

You can see from the chart that the best trade was the Kate trade short, the best long was to wait for the close to absorb the buying.

We did some work overnight to make the MiM just a bit more mobile friendly, you might want to test that out and explore the menus as we have added more features.

Don’t miss the Webinar this Saturday.  You will be able to talk directly to those collecting the data and to me presenting the data.  It will be a learning experience for everyone.  I can’t wait to hear the questions.

Sign up at: http://mrtopstep.com/ghangout/the-mrtopstep-imbalance-meter-own-the-close/

 

 

Comments about TLT (Twenty year Bond ETF):  

image

We are watching for 110 and the gap close, that means 108.75 needs to hold.  That should get a test today.

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

 

Breadth Charts in Full :

Zweig Breadth Thrust:

image

Bearish Divergent.


Cumulative Volume Index:

image

Bullish

 


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

image

Bullish


New Highs / New Lows ratio chart :

image

323 new highs on the NYSE and we get a bit of weakness, that means we pick up some new lows.  Worth watching.


Trenders :

Short Term Trender –  McClellan Summation Index:

image

Bullish.


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

Bullish.

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.

Previous Post

Key Pivots US Edition 7.23.13

Next Post

Consolidation the Theme as Euro and Sterling Work on Inside Days versus USD

Related Posts

Chart of the Day: Coming Up (Smaller Companies Rally)
Commentary

Chart of the Day: Coming Up (Smaller Companies Rally)

Friday, January 22, 2021
links
Commentary

Danny’s Links: January 22nd 2020

Friday, January 22, 2021
OP: Missing the Mark
Commentary

OP: Missing the Mark

Friday, January 22, 2021
Next Post
Consolidation the Theme as Euro and Sterling Work on Inside Days versus USD

Consolidation the Theme as Euro and Sterling Work on Inside Days versus USD

Please login to join discussion

Search

No Result
View All Result

MrTopStep Live Stream

Popular Posts

  • NYSE Holidays 2020 Stock Market Schedule

    NYSE Holidays 2021 | Stock Market Calendar

    2432 shares
    Share 985 Tweet 603
  • S&P 500 projections: What the locals in the pit think

    246 shares
    Share 98 Tweet 62
  • Tuesday more of the same; be long, but careful

    238 shares
    Share 95 Tweet 60
  • The dead cat bounce

    190 shares
    Share 76 Tweet 48
  • After 6 up days in a row, we’re looking for the S&P to go south

    171 shares
    Share 68 Tweet 43

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 Room
    • The Opening Print
    • FREE Daily Opening Print
  • Stocks
  • Charts
  • Commentary
  • Education
  • NYSE Holidays
  • Video

© 2020 - MrTopStep All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

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