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    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 |

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    PEAK ASSET: AFTERNOON WRAP 01 APRIL: ASX steadies after jittery start, up 0.6% ahead of Easter break | Creso Pharma launches three CBD-based tea products under cannaQIX brand | China stocks climb on consumer, healthcare boost; Hong Kong rises |

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    PEAK ASSET: MORNING WRAP 1 APRIL: ASX to rise | Tech rally lifts S&P 500 to new high | Eagle Mountain gears up in pursuit of copper context |

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    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 |

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    OP: Summer Stock Market Slowdown Comes Early

    OP: Spring Break? Low Market Volumes Continue

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    Bloomberg Opinion: Mind the Gap

    OP: S&P Futures Close Lower After Monday’s 17th New High

    OP: S&P Futures Close Lower After Monday’s 17th New High

    OP: S&P Futures Close Lower After Monday’s 17th New High

    Protected: OP: S&P Futures Close Lower After Monday’s 17th New High

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    OP: Tesla, Microsoft Push S&P 500 to New All-Time Highs

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    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 |

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

    PEAK ASSET: AFTERNOON WRAP 07 APRIL: ASX hits best close since COVID with 0.6% rise | Crowd Media calls on investee technology to produce ‘Digital Dom’ talking head | Indian shares rise after RBI holds key rates steady |

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

    PEAK ASSET: AFTERNOON WRAP 06 APRIL: ASX adds 0.8% as travel stocks take flight | Golden Deeps widens Namibia drilling plan to include historic copper-vanadium mine | China stocks fall as healthcare, consumer companies weigh |

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

    PEAK ASSET: MORNING WRAP 6 APRIL: ASX to rise | Dow and S&P 500 reset record highs | These ASX explorers say ‘company makers’ still lurk in one of WA’s oldest, richest gold provinces |

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

    PEAK ASSET: AFTERNOON WRAP 01 APRIL: ASX steadies after jittery start, up 0.6% ahead of Easter break | Creso Pharma launches three CBD-based tea products under cannaQIX brand | China stocks climb on consumer, healthcare boost; Hong Kong rises |

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

    PEAK ASSET: MORNING WRAP 1 APRIL: ASX to rise | Tech rally lifts S&P 500 to new high | Eagle Mountain gears up in pursuit of copper context |

    Trending Tags

    • FEEDID-6
    • FEEDID-51
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    • FEEDID-21
    • FEEDID-16
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    • feedid-61
    • feedid-59
    • feedid-60
    • feedid-62
    • feedid-63
    • feedid-65
    • feedid-66
  • Charts
    SpyGate Logo Program Trading Dector

    SpyGate : Bots More intested in Longs than Shorts

    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 |

    Bloomberg: Silver and Gold, and Bitcoin

    Cabrera Capital Daily Game Plan

    Cabrera Capital Daily Game Plan

    SpyGate Logo Program Trading Dector

    SpyGate : Slow Bot Day Dominated by Sells

    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 |

    Chart of the Day: AMZN Stock

    Chart of the Day: The Russell 2000 (IWM)

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    OP: Summer Stock Market Slowdown Comes Early

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    links

    Danny’s Top Links – April 9, 2021

    OP: Summer Stock Market Slowdown Comes Early

    OP: Summer Stock Market Slowdown Comes Early

    Bloomberg Opinion: Spacs and Coins May Break Our Bones

    OP: Spring Break? Low Market Volumes Continue

    OP: Spring Break? Low Market Volumes Continue

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    OP: Spring Break? Low Market Volumes Continue

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OP: The Markets Keep Chugging Along

Danny Riley by Danny Riley
Thursday, January 7, 2021
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Market Review

GLOBEX

(ESH20:CME) GLOBEX Session(ESH20:CME) Day Session 
High 3734.75Opening Print: 3702.00
Low: 3685.50High 3774.75
Volume: 190,000Low: 3695.75

ES Settlement 3745.25

Total Volume2.0M

S&P 500 Futures Recap – Trade Date January 6, 2021

New All Time Highs Fail To Hold Amid Capitol Takeover

After trading in a 49.25 handle overnight range, the S&P 500 futures opened Wednesday’s cash session at 3702.00, traded the daily low of 3695.75 in the initial minutes before heavy buy programs came in pushing the index futures higher throughout the morning up to 3770.50 just before noon, then to a daily high of 3774.50 during the noon hour.

The afternoon saw a sideways chop until events began to escalate at the U.S. Capital, triggering some selling down to 3730.00 for the afternoon low in the final minutes before rallying to settle at 3745.25 up 27.00 handles or +0.73% on volume of two million contracts. In terms of price action, it was all about buying the open and holding into the midday high then shorting as the ES began to rollover in the early afternoon, holding into late day. 


Economic Calendar


Closing Prices


In the Tradechat Room

MiM


Most of the close was about the news. A 1B buy on the NYSE was offset on the NQ with a decent sell, but none of it matters as news was breaking quickly from Washington DC. An action packed day.

Questions?  Please email me: Marlin@mrtopstep.com

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


Covid Corner:

To 10 Worst
Top 10 Best

Markets making new highs as Covid does also. This map looks pretty bleak but we are still working through holiday data and next week we should have a better picture. California contiues to slow but still adding 37K cases a day and 300 deaths.

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

GMTT – chart of the day – Crude oil – Jan 7, 2021

Crude (FEB)

Crude finally broke out of its trading range and moved above $50 for the first time since February 2020.
It remains the question of how much higher Crude will trade, and we prefer not to be long at this moment.
As you can see on the chart the bounce gets cancelled again below 50.38.
That would be the level that we will go short.
We could be a little early and therefore suggest keeping a tight buy stop at 51.35.

GMTT publishes three weekly its GMTT research report covering the following:
Global Indices, VIX, a selection of stocks, Treasury Bond, Commodities, Soft Commodities, Currencies, and Bitcoin.

Sign up for a free 14-day free trial:

GMTT 14 Day Trial

Our View

Sad Day For American Politics 

I started to write about yesterday’s break in at ‘Capitol Hill’ but I erased it. All I can say is it was a very sad day for American politics. At 4:00 am this morning, Joe Biden was certified by congress as the next president of the United States. I am not going to do a big view today as there is not much to be said that we do not already know. 

Our view, the ES was up 30 handles and sold off 10 handles after Biden’s certification. In all honesty, I am not sure what the markets want to do. What I can say is the ES has recovered most of Monday’s decline but I wonder if today will be a sell the news day. Our lean, sell the open or early rally and look for an early low to get long. 

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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