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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 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

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    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 |

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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: 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

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    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 |

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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 |

    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 |

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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 |

    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

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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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Premium OP: Retreat on Wall Street

Danny Riley by Danny Riley
Wednesday, August 12, 2020
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Market Review

(ESH20:CME) GLOBEX Session(ESH20:CME) Day Session 
High 3379.00Opening Print: 3368.25
Low: 3335.00High 3319.75 (@ noon)
Volume: 320,000Low: 3319.50 (@ late day)

ES Settlement 3329.50

Total Volume   1.70 Million

S&P 500 RECAP – Trade Date 08/11/ 2020

#ES Money Maker Chart

Continued Rotation Out Of Tech

After an active Globex session where the ES saw a move up to 3379.00, the market pulled back to open the cash session at 3368.25, up 17.75 handles, pushed up to the morning high of 3372.25 within minutes and then reversed as sellers carried the futures down to the morning low of 3354.50 before rallying back above the open, near the early high, late in the morning session.

The afternoon saw the benchmark futures index make one more push higher, printing a 3374.75 high of the day just after noon, before rolling over and then selling off again with a strong wave of intensity which left the ES taking out lows from Monday and last Friday, before finding a bottom of 3319.50 late in the day. Ultimately, the S&P’s settled at 3329.50, down 23.00 handles on the day or -.67%.

In terms of volume, a strong 1.7 million minis traded, the most to date in August. In terms of price action, it was all about selling the open, and then the midday high. 

Economic Calendar


Closing Prices


In the Tradechat Room

MiM


Sell says the MOC, buy says the market. As we neared the new highs we found the MOC used for a decent sized sell at the 15:50 after an early indication was signalling a small buy. We sold off from the 14:00 candle into the 15:50 one that 40+ down move made the MOC not relevant with its 2B to sell. The 15:55 buyback candle turned it around and a decent 12 points into the close was made.

Questions?  Please email me: Marlin@mrtopstep.com

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


Covid-19

Top 10 Worst
Top Ten Best

We continue to track Covid-19 across all 50 states, DC, and Puerto Rico to gain a better understanding of what is happening. While detected cases continue to expand, we are not seeing the equivalent expansion in hospitalizations and deaths. Our table uses 7-day averages and takes a 5-day linear regression slope in order to detect changes as quickly as possible. We score each state by a normalized slope and ranking in each category (infected, admitted, and deaths).

It is going to be a long road as we dig through data issues and struggle to understand just what the data is telling us. Florida new cases continue to fall but they missed their under number yesterday stalling the pace of the decline. That is a pause for concern. Texas also missed it’s under number although looking at Texas data it looks like they, like California, are working through a backlog. Only one person fired so far for incompetence in California as they work through a backlog of data.

A lot is written about how/when decisions to open up schools and work. Those decisions are based on data, it is the only planning tool we have in order to co-exist with Covid-19 and if we can’t get the data right there ain’t much hope until we can vanquish the foe with a vaccine or therapeutic.

We continue to focus on our top 3, Florida (20M pop), Texas (30M), and California (40M) looking at daily deaths, but more importantly, changes in the count.

Both CA and TX actually made their under number for deaths, though at this point we can trust neither. Today’s numbers for both states will be harder to hit in order to resume the fall. Florida put in their largest daily new deaths to date, at a time we thought they should be falling. There was talk about cleaning out some old data so today will be a tell on if it is a data “glitch” or a disturbing trend.

Over / Under

These are the over/under numbers for today. In order to push the 7-day average lower, today’s reported numbers need to be lower than the target number. A new case or death number that is higher will increase the 7-day average.

Yesterday’s over/under numbers and actual are also in the table.

YesterdayYesterdayTodayToday
StateCasesDeathsCasesDeaths
Florida5,446 / 5,831247 / 2775,409225
Texas9,167 / 9,803245 / 2208,706236
California4,526 / 12,500113 / 1095,295202
New York746 / 6673 / 76364
Yesterday’s number are the over-under number / actual. An actual that is greater than the over-under number will send the 7 day average higher (not good) a lower number will send the 7 day average lower (good).
Use today’s number to watch the releases to determine the trend.

To use our table, go to https://t2r4.com/cv19/views. Each column is sortable and if you click on a cell you will get a time-based chart of the state.

Wear your masks!
Stay Home!


Chart of the Day

Top SP500 shorts.


GLOBEX

S&P 500 RECAP – Trade Date 08/10/ 2020

#ES Money Maker Chart

Buy Dow / Sell Nasdaq

After grinding higher in the overnight session to 3355.50, the S&P 500 futures opened Monday’s regular trading hours at 3350.00, up 4.75 handles, and went on to trade the morning early, on the open, at 3555.25 before reversing and turning lower as strong selling at 9:30 pushed the ES down to what would hold as the low of the day at 3329.00 just after 10:00 am CT. The late morning saw a rally that would push the benchmark index future back above the open. 

The afternoon was a slow chop with the S&P’s maintaining a 10-handle range and the market would print the high of the day at 3357.25 as the futures went into the final hour of the day. The ESU20 settled at 3352.50, up 6.75 handles or +0.17%.

In terms of total volume, the trade was a modest 1.78 million contracts, in terms of price action, it was all about buying the mid-morning pullback and holding on into the afternoon.

Our View

S&P Breaks Winning Streak        

After several days of selling the NQ, the ES finally gave way to the downside. The late-day sell-off lured in something that rarely works anymore,’ momentum selling’. How this works is the markets look weak going into the close and traders sell into the weakness thinking the ES will carry through on the downside the next day. This trade was negated when the guys with the better seats started covering their shorts in the final minutes of the day. It’s 5:00 am and the ES is up 25 and the NQ is up 95. 

Our view is to sell the gap up open, cover on the pullback and look for the mid-morning low to be a buyer, avoid the midday chop and come back and play the MIM. 

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


Market Vitals Technical Analysis

Did you know that your premium membership gives you access to our Market Vitals? Click on the image below and get today’s key levels.

Click to access today’s values

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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