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

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

    PEAK ASSET: MORNING WRAP 16 APRIL: ASX to rise | Dow resets record on earnings | Stanmore Coal scoops up Peabody Energy coking coal mine in Australia |

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

    PEAK ASSET: AFTERNOON WRAP 15 APRIL: Records beckon as ASX recovers from early tumble | Resolution Minerals hits target rock in all holes at Sunrise maiden drilling | China stocks fall as tightening fears mount ahead of GDP data |

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

    PEAK ASSET: MORNING WRAP 15 APRIL: ASX to drop | Wall St mixed, oil leaps | Lithium explorers Galaxy Resources and Lithium Australia complete feasibility studies |

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

    PEAK ASSET: AFTERNOON WRAP 13 APRIL: Zip soars 17% but miners keep ASX flat | Digital Wine Ventures posts fivefold increase in WineDepot orders, appoints COO | China blue-chips rise as export growth highlights global recovery |

    PEAK ASSET: MORNING WRAP 13 APRIL: ASX to edge up | S&P 500 ends modestly lower | Uranium explorer 92 Energy eyes ASX listing for mid-April |

    PEAK ASSET: AFTERNOON WRAP 12 APRIL: Miners weigh as ASX sags with US futures | Fatfish Group makes acquisition ahead of South East Asia BNPL rollout | China, HK stocks fall on persisting worries of policy tightening |

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

    PEAK ASSET: MORNING WRAP 12 APRIL: ASX to rise | S&P 500 resets record high again | Arcadia looms large as an African lithium near-producer |

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

    PEAK ASSET: MORNING WRAP 9 APRIL: ASX to slip | Wall St poised to end higher | Thinking of getting into ASX water stocks? Here’s what the experts think |

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

    PEAK ASSET: MORNING WRAP 8 APRIL: ASX to rise | S&P 500 edges higher | Investors want quality copper stocks, Peak Minerals is on the radar |

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    GMTT / Chart of the Day / Bitcoin (BTC/USD)  / April 16, 2021

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    OP: Dow 34,000 and S&P 4,166 – The Gift That Keeps On Giving

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OP: Will Market Volatility Continue? Busy Week Ahead

Danny Riley by Danny Riley
Monday, March 22, 2021
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OP: Will Market Volatility Continue? Busy Week Ahead
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Market Review

S&P 500 Futures Recap – Trade Date March 19, 2021

Chart by AMS Trading Group

Economic Calendar


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Chart of the Day

GMTT / Chart of the Day / Bitcoin (BTC-USD) / March 22, 2021

Bitcoin is a focus for many.
Some big investors believe that even at current levels the Bitcoin it is only the beginning of a major up move.
Other Investors are more sceptical and believe that the Bitcoin is one big hype and air bubble.

At GMTT we have analysed the Bitcoin for a while and update our view in our three weekly GMTT Research Report.
Our highest target so far was 62000 and that came already very close.
After that target was reached, we saw a relatively small pullback and now Bitcoin is stuck in a trading range.
We expect to see a more serious pullback and the value of Bitcoin can evaporate further before it finds a tradable low.
Short term outlook is that Bitcoin cancels its technical buy signal below 54700.
On the chart we showed possible breakout levels, but to see a new up-move (not very likely) BTC/USD needs a good close above 62000.
In summary, at GMTT we expect to see a significant correction (fast and furious) which is supported by our overall technical model.

If you like to stay up to date with our outlook and forecast on Bitcoin but also the many other sectors that we cover you can sign up for a 14-day free trial by clicking on the below link


Our View

GameStop Earnings, Powell and Yellen Testify Tuesday Wednesday before Congressional Committees 

The VIX closed at 20.95 on Friday, down from 28.57 on Thursday, March 4th. While a low VIX tends to indicate less volatility, I do not think that will be the case this week or in the weeks to come. The non-stop stock market gyrations and constant rotations coupled with the falling bond market and an overextended bull market run has made for some very large intraday rallies and falls. Despite negative price action of the S&P futures (ESM21:CME), the futures at ES 3900 are only 47.75 points off its 3947.75 contract high. Based on the daily ranges, that’s just a stone’s throw away. 

The week ahead should be no different than many lately; GameStop reports earnings and Federal Reserve Chairman Powell and Treasury Secretary Yellen testify before the House Financial Services Committee on Tuesday and the Senate Banking Committee on Wednesday where they will discuss the health of the U.S. economy and the importance of fiscal and monetary stimulus in the recovery from the pandemic. There are also several key economic reports coming out starting with durable goods orders, personal income, existing home sales, and the fourth quarter 2020 GDP. It should be a busy week. 

Our view, that 46.75 points to get to new ES highs may be a very rough road. There is no doubt the stock market is ‘spooked’ about the prospects of higher taxes and how the Biden Administration is going to pay for its spending plan. While I remain optimistic I also think Michael Berry warning of speculative bubbles in markets and predicting a devastating crash isn’t that far fetched. Do I think something like that is coming soon? No, I don’t, but as US debt climbs over $30 trillion I think there is reason to be concerned. Our lean is to sell the early rallies and buy the pullbacks. I think the markets close up today but I’m not overly bullish for the week. 


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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