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    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 |

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    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 |

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    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 |

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

    PEAK ASSET: MORNING WRAP 18 JANUARY: | ASX to fall, global equities lower | Neuroscientific is researching a potential cure for post-COVID lung damage |

    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 |

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

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

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    OP: Wall Street Welcomes Biden

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    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

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    Chart of the Day: Who Needs Earnings?

    Chart of the Day: Who Needs Earnings?

    OP: Biden’s Big Day

    OP: Biden’s Big Day

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

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    OP: Wall Street Welcomes Biden

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    OP: Biden’s Big Day

    OP: Biden’s Big Day

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    Inauguration Day AP Morning Wire

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    OP: Going Up?

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    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 |

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

    PEAK ASSET: MORNING WRAP 18 JANUARY: | ASX to fall, global equities lower | Neuroscientific is researching a potential cure for post-COVID lung damage |

    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 |

    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
    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

    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 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 |

    Bloomberg Chart of the Day

    Jason Sen: FX

  • Commentary
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    • MrTopStep
    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

    Chart of the Day: Who Needs Earnings?

    Chart of the Day: Who Needs Earnings?

    OP: Biden’s Big Day

    OP: Biden’s Big Day

    OP: Biden’s Big Day

    Protected: OP: Biden’s Big Day

    OP: Going Up?

    OP: Going Up?

    Two Presentations Worth Watching for Tuesday

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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

    NASDOG.com: Full For a Bull

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OP: The Long Goodbye

Danny Riley by Danny Riley
Wednesday, December 23, 2020
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Market Review

Polaris Trading Group: Taylor 3 Day Cycle  Commentary     

Author: David D Dube (PTGDavid)

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

Tuesday’s Session was Cycle Day 3 (CD3): Positive 3 Day Cycle Statistic was fulfilled as price held bid, but no further advancement following Cycle Day 2 sharp decline and recovery rally. Range was 31.25 handles on 1.092M contracts exchanged.

  …Transition from Cycle Day 3 to Cycle Day 1

This leads us into Cycle Day 1 (CD1): Core cycle objectives have been fulfilled. Normal for CD1 is decline with an average measuring 3648 handle. IF price can clear 3695 – 3700 zone, THEN bulls have the opportunity to push for higher prices heading into the Christmas Holiday. As Danny Riley (Dboy) says: “Thin To Win”. There are two estimated scenarios to consider for today’s trading.

 1.)   Price sustains a bid above 3680, initially targets 3695 – 3700 zone.

 2.)   Price sustains an offer below 3680, initially targets 3660 – 3655 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 1 (CD1)

Thanks for reading,

PTGDavid
Polaris Trading Group


Economic Calendar


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While the dollars were stacked into the sell side, the symbols were not with about 50% of the symbols having buy imbalances. That put an indecisive candle in at the 15:50 reveal.

Questions?  Please email me: Marlin@mrtopstep.com

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


Covid Corner:

Bad
Good

Three states/territories joined the rising group, the Marshal Islands, Puerto Rico, and Alabama. Tennessee moved from rising to stable. We had a net loss of four falling states; New Jersey, Nebraska, Arizona, Vermont and Oregon all moved to stable from falling and DC was added to the falling list.

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

Germany restaurant shutdowns.


GLOBEX

(ESH20:CME) GLOBEX Session(ESH20:CME) Day Session 
High 3695.00Opening Print: 3687.75
Low: 3663.75High 3688.25
Volume: 160,000Low: 3665.75

ES Settlement 3676.25

Total Volume 1.1 M

S&P 500 Futures Recap – Trade Date December 22, 2020

S&P 500 Futures: ES/NQ Stay Red While YM/RTY Close Green AGAIN

After trading in a 31.25 handle overnight range, the S&P 500 futures opened Tuesday’s cash session at 3687.75, up 2.00 handles, traded a morning high a tick above the open and then went sideways before selling down to a daily low of 3665.75 at 10:45 CT. From there, the futures would grind slowly higher to the daily high of 3688.25 at 12:45. 

The rest of the afternoon would see a slower downward move to 3671.50 before settling the day at 3676.25, down 9.50 handles or 0.26%. In terms of price action, it was all about selling the open and then buying the midmorning low. In terms of volume, a modest 1.09 million contracts traded.

Our View

Trump’s Farewell; Subs In The Gulf, Stimulus Veto Threat and Pardons 

Headlines are a daily occurrence. Sometimes they are good headlines and sometimes they are bad but mostly they are a temporary disturbance. Last night’s drop of 33 handles was preceded by a 40 handle rally. The bottom line is if you’re patient, these headlines generally make for great buy ops. In addition to Trump’s stimulus veto threat, he also sent some of the most powerful military tools in the US arsenal, attack subs, to the Persian Gulf to send a message to Iran and overnight he issued a raft of pre-Christmas pardons and commutations Tuesday, favoring the well-connected and those with A-list advocates while overlooking more than 14,000 people who have applied for clemency. There are only 27 days until Trump leaves the office as President and I’m sure he will continue his antics right up until January 20th.

Our view, sell the open or the first rally above and look for an early pullback to cover and go long. Push back from the screens and come back for the MIM trade. Tomorrow starts the Santa Claus rally that lasts until the second trading day of January. You could tell fewer people were trading yesterday and that trend should continue right into the beginning of the new year. As I said earlier this week; trade less if you are trading and pick your spots better.  No reason to ruin the holiday with a bunch of bad trades. 

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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