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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

    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

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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 |

    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 |

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    PEAK ASSET: MORNING WRAP 13 JANUARY: | ASX to slide, Wall St mixed | Felix becomes 2021’s first ASX tech IPO; shares edge upwards |

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    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: 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: 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 |

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

    PEAK ASSET: MORNING WRAP 12 JANUARY: | ASX to edge up, Wall St retreats | Airbnb breaks into top 10 US stocks for Australian investors |

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    • FEEDID-6
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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 |

    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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    NASDOG.com: Corn, What Changed Today?

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Premium OP: FAANGS Out

Danny Riley by Danny Riley
Thursday, August 13, 2020
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Market Review

GLOBEX

(ESH20:CME) GLOBEX Session(ESH20:CME) Day Session 
High 3360.75Opening Print: 3353.75
Low: 3327.00High 3382.50
Volume: 196,000Low: 3353.50

ES Settlement 3370.00

Total Volume   1.70 Million

S&P 500 RECAP – Trade Date 08/12/ 2020

#ES Money Maker Chart

FAANG Sticks Their Fangs Out

After an overnight rally that recovered more than half of Tuesday’s losses, the S&P 500 futures opened yesterday’s cash session at 3353.75, up 24.25 handles, made a low of the day a tick below the open, and then rallied strongly early in the session pushing up to an early morning 3374.50 high before 10:00, and then to a late morning high of 3377.75 after 11:00. The ES went on to pull back into the noon hour, retreating 12.50 handles down to 3367.25 before rallying into 1:00, and then pushing up to a high of the day of 3382.50 just before 2:30. Into the close the S&P’s traded marginally lower, printing 3368.75 late-day, a 13.75 pullback before settling at 3373.75, up 44.25 handles or +1.28%.

In terms of the ES’s overall tone, the NQ led the markets higher. After several days of rotating out of the big tech names like FAANG the money poured back into the tech sector. At one pint the NQ futures were up almost 3%. In terms of the day’s overall trade, volume was LOW at 1.7 million contracts traded.


Economic Calendar


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MiM


A big up day with some controlled selling into the close. MIM showing a small buy going into the 15:50 reveal with a 1.1B buy revealed but no real breadth with only 58% of our symbols having a buy. Profit-taking sold the market down about 12 points from the pre MOC high.

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).

Disappointed in Flordia’s new case numbers, I have not heard any anecdotal information to explain the turn up in cases. Florida is the only state of the three that I have hospitalizations numbers for and they, too, turned up and are hitting the highs of ten days ago, around 500/day. It looks like the turn down we were looking for is now actually just a pause. As schools open we expect testing to increase.

Texas is the only one of the three to be showing a downturn as California eats through its case backlog and looks to be returning where it started from. It looks to us as if the California data issue will not affect the death count, it is a bad count of testing results.

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.

At this point, we can’t say that new deaths are turning down. It has been a rough start to the week and the big numbers usually come in today and tomorrow. Florida and CA did just sneak in below the under number yesterday so all eyes are on FL around 10:40 am ET today.

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
Florida5,409 / 8,109225 / 2137,650120
Texas8,706 / 6,200236 / 3247,598306
California5,295 / 11,645202 / 1805,258166
New York636 / 7004 / 155186
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


Our View

Nasdaq Comes Charging Back     

It would be hard for you to know this but just before the ES opened I posted this in the MrTopStep forum: IMPRO: Dboy :(9:28:29 AM): I think you have to tread lightly on selling the open. Well, I didn’t sell the open but I did sell the early rally and got nowhere. After a few small trades and watching the NQ rip, I  bought the NQ and did ok but then the afternoon was a grind. While there is no doubt that ‘thin to win’ is real low volumes can also be dangerous. New highs on low volume are considered a negative sign. I am not sure that’s as important as it used to be but that is probably tied to all the quantitative easing and the government stimulus. As the old saying goes, don’t fight the FED!  

Our view, we are in the final trading sessions of the dog days of summer and clearly fewer people are trading. We live in a world of ‘risk-on / risk-off’ and while I do not see any major sell-offs coming I am concerned over the lack of any pullbacks. Additionally, my timing has been off. Our lean is to buy the pullbacks and look for the PitBull’s Thursday / Friday low before the week before the August options expiration. Lastly, the NQ may have lost traction late in the day but I don’t think yesterday’s tech buying spree was a one-day event and there are tons of buy stops to run above 3382.50 which go straight up to 3408-3412. 

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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