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

    PEAK ASSET: MORNING WRAP 26 FEBRUARY: | ASX to drop, US bond yields surge | Graphite demand grows as Novonix wraps up $146m capital raising | Federal green bank powers up Victoria’s ‘Big Battery’ with $160m boost |

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

    PEAK ASSET: AFTERNOON WRAP 25 FEBRUARY: | Blue-chips stand strong as ASX chases Wall St higher | Mainland China, Hong Kong shares rebound; property stocks jump | Peak’s Founder Niv Dagan to feature at Emergence 2021 |

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

    PEAK ASSET: MORNING WRAP 25 FEBRUARY: | ASX to rise | Dow tops 32,000 for the first time | Mobile payments company Peppermint Innovation gets set to relist into a red-hot fintech market |

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

    PEAK ASSET: AFTERNOON WRAP 24 FEBRUARY: | ASX drops 0.9% as tech, telcos, miners dive | Fatfish Group subsidiary Abelco posts record full-year profit | China stocks drop; Hang Seng slumps 2% on report of stamp duty hike |

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

    PEAK ASSET: MORNING WRAP 24 FEBRUARY: | ASX futures pare losses | US stocks turn mixed as buyers rush in | Fortescue’s green hydrogen vision for iron and steel takes a leap forward |

    PEAK ASSET: AFTERNOON WRAP 23 FEBRUARY: | ASX gains 0.9% buoyed by miners and banks | Crowd Media beds down investment in Aflorithmic Labs as part of AI collaboration | Financials lift China stocks, but policy tightening worries persist |

    PEAK ASSET: MORNING WRAP 23 FEBRUARY: | ASX to rise as commodities extend gains | CleanTeQ demerges water business, to focus on battery metals |

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

    PEAK ASSET: AFTERNOON WRAP 22 FEBRUARY: | ASX slips 0.2% as AUD hits 3-year highs | Zenith Minerals has drill bit turning at Red Mountain in hunt for commercial gold deposit | Chinese blue-chips dip on high valuations, policy tightening fears |

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

    PEAK ASSET: MORNING WRAP 22 FEBRUARY: | ASX to slip | Wall St steady, $A surges | These ASX stocks want a piece of the $US300 billion hydrogen sector |

    Trending Tags

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

    PEAK ASSET: MORNING WRAP 26 FEBRUARY: | ASX to drop, US bond yields surge | Graphite demand grows as Novonix wraps up $146m capital raising | Federal green bank powers up Victoria’s ‘Big Battery’ with $160m boost |

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

    PEAK ASSET: AFTERNOON WRAP 25 FEBRUARY: | Blue-chips stand strong as ASX chases Wall St higher | Mainland China, Hong Kong shares rebound; property stocks jump | Peak’s Founder Niv Dagan to feature at Emergence 2021 |

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

    PEAK ASSET: MORNING WRAP 25 FEBRUARY: | ASX to rise | Dow tops 32,000 for the first time | Mobile payments company Peppermint Innovation gets set to relist into a red-hot fintech market |

    Cabrera Capital Daily Game Plan

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

    PEAK ASSET: AFTERNOON WRAP 24 FEBRUARY: | ASX drops 0.9% as tech, telcos, miners dive | Fatfish Group subsidiary Abelco posts record full-year profit | China stocks drop; Hang Seng slumps 2% on report of stamp duty hike |

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

    PEAK ASSET: MORNING WRAP 24 FEBRUARY: | ASX futures pare losses | US stocks turn mixed as buyers rush in | Fortescue’s green hydrogen vision for iron and steel takes a leap forward |

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

    PEAK ASSET: MORNING WRAP 26 FEBRUARY: | ASX to drop, US bond yields surge | Graphite demand grows as Novonix wraps up $146m capital raising | Federal green bank powers up Victoria’s ‘Big Battery’ with $160m boost |

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

    PEAK ASSET: AFTERNOON WRAP 25 FEBRUARY: | Blue-chips stand strong as ASX chases Wall St higher | Mainland China, Hong Kong shares rebound; property stocks jump | Peak’s Founder Niv Dagan to feature at Emergence 2021 |

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

    PEAK ASSET: MORNING WRAP 25 FEBRUARY: | ASX to rise | Dow tops 32,000 for the first time | Mobile payments company Peppermint Innovation gets set to relist into a red-hot fintech market |

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

    PEAK ASSET: AFTERNOON WRAP 24 FEBRUARY: | ASX drops 0.9% as tech, telcos, miners dive | Fatfish Group subsidiary Abelco posts record full-year profit | China stocks drop; Hang Seng slumps 2% on report of stamp duty hike |

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

    PEAK ASSET: MORNING WRAP 24 FEBRUARY: | ASX futures pare losses | US stocks turn mixed as buyers rush in | Fortescue’s green hydrogen vision for iron and steel takes a leap forward |

    PEAK ASSET: AFTERNOON WRAP 23 FEBRUARY: | ASX gains 0.9% buoyed by miners and banks | Crowd Media beds down investment in Aflorithmic Labs as part of AI collaboration | Financials lift China stocks, but policy tightening worries persist |

    PEAK ASSET: MORNING WRAP 23 FEBRUARY: | ASX to rise as commodities extend gains | CleanTeQ demerges water business, to focus on battery metals |

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

    PEAK ASSET: AFTERNOON WRAP 22 FEBRUARY: | ASX slips 0.2% as AUD hits 3-year highs | Zenith Minerals has drill bit turning at Red Mountain in hunt for commercial gold deposit | Chinese blue-chips dip on high valuations, policy tightening fears |

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

    PEAK ASSET: MORNING WRAP 22 FEBRUARY: | ASX to slip | Wall St steady, $A surges | These ASX stocks want a piece of the $US300 billion hydrogen sector |

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

    PEAK ASSET: MORNING WRAP 26 FEBRUARY: | ASX to drop, US bond yields surge | Graphite demand grows as Novonix wraps up $146m capital raising | Federal green bank powers up Victoria’s ‘Big Battery’ with $160m boost |

    NASDOG.com: Fwd: grains- 5YR.-CHART- CRASH, TMUL

    NASDOG.com: Fwd: grains- 5YR.-CHART- CRASH, TMUL

    The Cotton Row Journal, week of 22-26 Feb

    Daily Game Plan from Cabrera Capital

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

    PEAK ASSET: AFTERNOON WRAP 25 FEBRUARY: | Blue-chips stand strong as ASX chases Wall St higher | Mainland China, Hong Kong shares rebound; property stocks jump | Peak’s Founder Niv Dagan to feature at Emergence 2021 |

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

    PEAK ASSET: MORNING WRAP 25 FEBRUARY: | ASX to rise | Dow tops 32,000 for the first time | Mobile payments company Peppermint Innovation gets set to relist into a red-hot fintech market |

    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 24 FEBRUARY: | ASX drops 0.9% as tech, telcos, miners dive | Fatfish Group subsidiary Abelco posts record full-year profit | China stocks drop; Hang Seng slumps 2% on report of stamp duty hike |

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

    PEAK ASSET: MORNING WRAP 24 FEBRUARY: | ASX futures pare losses | US stocks turn mixed as buyers rush in | Fortescue’s green hydrogen vision for iron and steel takes a leap forward |

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    OP: Buy the Dip!

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    OP: Six in a Row

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    Danny’s Top Links – February 24, 2021

    OP: Six in a Row

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    OP: Rotten Wood in the Market

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    OP: Rotten Wood in the Market

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

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    NASDOG.com: Corn, What Changed Today?

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

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    NASDOG.com: Full For a Bull

    NASDOG.com: Full For a Bull

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OP: Mammoth Rally

Danny Riley by Danny Riley
Wednesday, February 3, 2021
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Market Review

Polaris Trading Group: Taylor 3 Day Cycle  Commentary      Author: David D Dube (PTGDavid)

***Written 8pm Tuesday evening for Wednesday’s trading

Tuesday’s Session was Cycle Day 1 (CD1): Price gapped up on the open as the Trade Vic Gap Rule (TVGR) took control. Trend day tendencies drove price higher to fulfill and exceed 3 Day Cycle Objective (3822.75). Range was 75.75 handles on 1.381M contracts exchanged.

  …Transition from Cycle Day 1 to Cycle Day 2

This leads us into Cycle Day 2 (CD2): 3 Day Cycle Statistic has been fulfilled, so momentum may still carry price higher, though we will be anticipating more of a consolidation type day to provide for absorption of recent gains. As such, there are two estimated scenarios to consider for today’s trading.

 1.)   Price sustains a bid above 3830, initially targets 3840 – 3850 zone.

 2.)   Price sustains an offer below 3830, initially targets 3820 – 3810 zone.

For more detailed information for both bullish and bearish projected targets, please visit: PTG 3 Day Cycle and/or reference the Cycle Spreadsheet below:

 Link to access full Cycle Spreadsheet >>  Cycle Day 2 (CD2)

Thanks for reading,

PTGDavid
Polaris Trading Group


Economic Calendar


Closing Prices


In the Tradechat Room

MiM

The early MIM called a sell for the MOC and we slid right into the selling at the 15:50 mark as 2.5B to sell was on the meter. After thinking about it there was about a 10-point move to the downside to close the books for the day.

Questions?  Please email me: Marlin@mrtopstep.com

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


Covid Corner:

Top Best
Top Worst

The world as a whole is improving with the number of new daily cases dropping from over 700K to about 500K

While the U.S. is easing along with most of the rest of the world, there are some hotspots that are on the rise, particularly in Northeast Africa and Southeast Asia.

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

Consumer Spending in the United States increased to 13004.74 USD Billion in the fourth quarter of 2020 from 12924.72 USD Billion in the third quarter of 2020. source: U.S. Bureau of Economic Analysis


GLOBEX

(ESH20:CME) GLOBEX Session(ESH20:CME) Day Session 
High 3804.00Opening Print: 3799.00
Low: 3760.00High 3835.75
Volume: 190,000Low: 3799.00

ES Settlement 3826.00

Total Volume 1.37 M

S&P 500 Futures Recap – Trade Date February 2, 2021

Chart by AMS Trading Group

February Now Up 3.5% In 2 Days

After trading in a 44.00-handle overnight range, the S&P 500 futures opened Tuesday’s cash session at 3799.00 which was also the daily low and rallied from the first print through the morning up to a daily high of 3835.75 just after 11:00 CT. Midday, the S&Ps would trade sideways remaining in a ten-handle range until 2:30 when selling began to push the index to an afternoon low of 3813.75 before settling at 3826.00, up 60.25 handles on modest volume of 1.37 million contracts. In terms of price action, it was all about buying the open and holding into the late morning. 

Our View

Regaining Lost Ground 

The short seller plus the positive tech earnings have created a 185-point rally in 2 1/2 days. That is how this game is played, catch everyone offside and Jane the ES straight up. It’s critical in this pumped-up QE /stimulus beefed-up U.S. economy to not forget to ‘buy the dip’.

Our view, after such a mammoth rally one would think a pullback is in order but who’s to say the ES doesn’t go ripping through the contract high at 3862.25? Our lean, you can sell the early rallies and buy the mid morning pullback or just be patient and buy the pullbacks. I have an ES upside objective of 3920. You can take it from there. 


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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