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    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 |

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

    PEAK ASSET: MORNING WRAP 12 JANUARY: | ASX to edge up, Wall St retreats | Airbnb breaks into top 10 US stocks for Australian investors |

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

    PEAK ASSET: AFTERNOON WRAP 11 JANUARY: | ASX dips | Digital Wine Ventures dominates McLaren Vale wine region as orders surge over holiday season | China stocks slip on Sino-U.S. tensions |

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    • FEEDID-6
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    • feedid-62
    • feedid-63
    • feedid-65
    • feedid-66
  • Charts

    The Cotton Row Journal, week of 11-15 Jan

    Cabrera Capital Daily Game Plan

    Cabrera Capital Daily Game Plan

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

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

    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 |

    The Cotton Row Journal, week of 11-15 Jan

    Jason Sen: Emini S&P Nasdaq Emini Dow Jones

    Jason Sen: Dax FTSE EuroStoxx

    Jason Sen: FX

  • Commentary
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    OP: Be the Tortoise

    OP: Be the Tortoise

    OP: Be the Tortoise

    Protected: OP: Be the Tortoise

    OP: Seeking Balance

    OP: Seeking Balance

    Danny’s Top Links – January 14, 2021

    OP: Seeking Balance

    Protected: OP: Seeking Balance

    NYSE Holidays 2020 Stock Market Schedule

    NYSE Holidays 2021 | Stock Market Calendar

    OP: Setting the Stage

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    OP: Setting the Stage

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    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

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OP: Christmas Wishes

Danny Riley by Danny Riley
Thursday, December 24, 2020
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Market Review

GLOBEX

(ESH20:CME) GLOBEX Session(ESH20:CME) Day Session 
High 3690.50Opening Print: 3688.25
Low: 3651.00High 3701.25
Volume: 198,000Low: 3674.50

ES Settlement 3678.00

Total Volume 990,000

S&P 500 Futures Recap – Trade Date December 23, 2020

After trading in a 49.75 handle overnight range, the S&P 500 futures opened Wednesday’s cash session at 3688.25, up 12.00 handles, traded a morning high of 3697.50 and then sold to a morning low of 3688.25 all before 9:30 ct. The rest of the morning would maintain the first hour range until the buyers pushed the ES up to 3701.25 at 12:30.

From there the rally would stall out, and sellers would own the afternoon with the S&Ps pushing down to 3674.50 in the final minutes before settling at 3678.00, up three ticks on the day. In terms of price action, it was all about buying the 9:30 low and then fading the 12:30 high. Volume was light having just missed a million contracts traded. 


Economic Calendar


Closing Prices


In the Tradechat Room

MiM


Nice selling MOC at 15:50 sent the markets lower. The S&P components in the MOC were over 75% to the sell-side. That was a solid exit number for the MOC.

Questions?  Please email me: Marlin@mrtopstep.com

Get the skinny when we get it:  Join the MiM. 


Covid Corner:

Bad
Good

A net of plus one rising states as Arizona, Louisiana, and Georgia join the rising group and Oklahoma and Hawaii move from rising to stable. Falling states dropped by 4.

Wear your masks!
Stay at least 10 feet behind someone wearing a mask! (Particularly in a checkout line)
Stay home!
Take your Vitamin D!


Chart of The Day


Our View

Pardons And Vetoes For Christmas

President Trump is pardoning friends and using his veto powers. He blocked the military bill and is upset with all the ‘pork’ in the new stimulus bill and wants to increase the stimulus payouts to Americans. What’s wrong with that? Nothing, really, but a rework of the bill could delay the release of the very badly needed money needed going into the holidays. The first thing that comes to mind when so many people in the US are hurting why not make it more friendly for the people that need it most? The bill extends aid to millions of struggling households through stimulus checks, enhanced federal unemployment benefits, and money for small businesses, schools and child care, and vaccine distribution. It also repurposes $429 billion in unused funding provided by the Cares Act for emergency lending programs run by the Federal Reserve. The other big question, will Trump actually veto the bill? I do not know the answer to that question. 

Our view, the ES got hit by the late day headline that pushed the futures down to 3665.75 and on Globex traded up to 3694.50 just after 3 am this morning and are trading 3689.00 as I write this. I have chopped myself up a bit trying to trade the low volume chop. I personally don’t think Trump is done with his holiday shenanigans. Our lean, the #ES, #NQ, #YM, and #RTY are only open for half a day and closed on Friday for Christmas. ES Globex volume is only 70k at 7:20 ET. Our lean is to take my own advice, kick back and cut back. If the ES dumps maybe I’ll try a long play but after yesterday’s late mess I think it’s best to just stay out. If the ES does firm up I still see buy stops above 3698.50 up to 3706 and again above 3709 up to 3718. 

I want to wish everyone a very ‘Merry Christmas’. I know it’s tough for a lot of folks not being able to see other family members, but I really believe that things are going to get better over the next 3 to 4 months. All we can do is hope and pray for better days. 

Danny Riley is a 39-year veteran of the CME  trading floor. He ran one of the largest S&P desks on the floor of the CME Group since 1985.

As always, please use protective buy and sell stops when trading futures and options.

Disclaimer: Trading Futures, Options on Futures, 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. Decisions to purchase or sell as a result of the opinions expressed in the forum 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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