Quotes by TradingView
Sunday, January 24, 2021
Premium: TradeChat
No Result
View All Result
MrTopStep.com LLC
  • News
    • All
    • Reuters Business
    OP: Missing the Mark

    OP: Missing the Mark

    OP: Missing the Mark

    Protected: OP: Missing the Mark

    OP: Wall Street Welcomes Biden

    OP: Wall Street Welcomes Biden

    OP: Wall Street Welcomes Biden

    Protected: OP: Wall Street Welcomes Biden

    Thursday AP Morning Wire

    Thursday AP Morning Wire

    OP: Biden’s Big Day

    OP: Biden’s Big Day

    OP: Biden’s Big Day

    Protected: OP: Biden’s Big Day

    Inauguration Day AP Morning Wire

    Inauguration Day AP Morning Wire

    OP: Going Up?

    OP: Going Up?

  • Products
    • Chatroom Login
    • Wyckoff Trader
    • MIM
    • Polaris Trading Group
    • IM Pro Trading Room
    • The Opening Print
    • FREE Daily Opening Print
  • Stocks
    • All
    • Apple
    • Dow Jones
    • Earnings
    • Facebook (FB)
    • Goldman Sachs (GS)
    • IPO
    • M&A
    • Markets
    • Mining
    • Nasdaq
    • NYSE
    • Russell 2000
    • S&P 500
    • Twitter (TWTR:NYSE)
    • VIX
    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 22 JANUARY: | ASX up 1.3pc in huge week for Zip, Lynas | iCandy looks to double up in Chinese gaming market with Rocky Rampage launch |

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

    PEAK ASSET: MORNING WRAP 22 JANUARY: | ASX to fall, Apple lifts Wall Street | The tests ASX healthcare companies have upcoming in 2021 |

    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 |

    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

    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 22 JANUARY: | ASX up 1.3pc in huge week for Zip, Lynas | iCandy looks to double up in Chinese gaming market with Rocky Rampage launch |

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

    PEAK ASSET: MORNING WRAP 22 JANUARY: | ASX to fall, Apple lifts Wall Street | The tests ASX healthcare companies have upcoming in 2021 |

    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 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

  • Commentary
    • All
    • Market Recap
    • MrTopStep
    Edward Jones: Weekly Update

    Edward Jones: Weekly Update

    Chart of the Day: Coming Up (Smaller Companies Rally)

    Chart of the Day: Coming Up (Smaller Companies Rally)

    links

    Danny’s Links: January 22nd 2020

    OP: Missing the Mark

    OP: Missing the Mark

    OP: Missing the Mark

    Protected: OP: Missing the Mark

    S&P 500 repurchasers return to favor as Netflix looks at joining them

    S&P 500 repurchasers return to favor as Netflix looks at joining them

    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

  • Education
    • All
    • Economics
    • Trading Methods
    • Trading Psychology
    • Trading Room
    • Trading Rules
    • Webinars
    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

    HotSpots for 01/02/2020 for $ES $YM $NQ

    HotSpots for 01/02/2020 for $ES $YM $NQ

    HotSpots for 12/31/2019 for $ES $YM $NQ

    HotSpots for 12/30/2019 for $ES $YM $NQ

    HotSpots for 12/27/2019 for $ES $YM $NQ

    HotSpots for 12/25/2019 for $ES $YM $NQ

  • NYSE Holidays
  • Video
  • News
    • All
    • Reuters Business
    OP: Missing the Mark

    OP: Missing the Mark

    OP: Missing the Mark

    Protected: OP: Missing the Mark

    OP: Wall Street Welcomes Biden

    OP: Wall Street Welcomes Biden

    OP: Wall Street Welcomes Biden

    Protected: OP: Wall Street Welcomes Biden

    Thursday AP Morning Wire

    Thursday AP Morning Wire

    OP: Biden’s Big Day

    OP: Biden’s Big Day

    OP: Biden’s Big Day

    Protected: OP: Biden’s Big Day

    Inauguration Day AP Morning Wire

    Inauguration Day AP Morning Wire

    OP: Going Up?

    OP: Going Up?

  • Products
    • Chatroom Login
    • Wyckoff Trader
    • MIM
    • Polaris Trading Group
    • IM Pro Trading Room
    • The Opening Print
    • FREE Daily Opening Print
  • Stocks
    • All
    • Apple
    • Dow Jones
    • Earnings
    • Facebook (FB)
    • Goldman Sachs (GS)
    • IPO
    • M&A
    • Markets
    • Mining
    • Nasdaq
    • NYSE
    • Russell 2000
    • S&P 500
    • Twitter (TWTR:NYSE)
    • VIX
    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: AFTERNOON WRAP 22 JANUARY: | ASX up 1.3pc in huge week for Zip, Lynas | iCandy looks to double up in Chinese gaming market with Rocky Rampage launch |

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

    PEAK ASSET: MORNING WRAP 22 JANUARY: | ASX to fall, Apple lifts Wall Street | The tests ASX healthcare companies have upcoming in 2021 |

    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 |

    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

    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 22 JANUARY: | ASX up 1.3pc in huge week for Zip, Lynas | iCandy looks to double up in Chinese gaming market with Rocky Rampage launch |

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

    PEAK ASSET: MORNING WRAP 22 JANUARY: | ASX to fall, Apple lifts Wall Street | The tests ASX healthcare companies have upcoming in 2021 |

    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 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

  • Commentary
    • All
    • Market Recap
    • MrTopStep
    Edward Jones: Weekly Update

    Edward Jones: Weekly Update

    Chart of the Day: Coming Up (Smaller Companies Rally)

    Chart of the Day: Coming Up (Smaller Companies Rally)

    links

    Danny’s Links: January 22nd 2020

    OP: Missing the Mark

    OP: Missing the Mark

    OP: Missing the Mark

    Protected: OP: Missing the Mark

    S&P 500 repurchasers return to favor as Netflix looks at joining them

    S&P 500 repurchasers return to favor as Netflix looks at joining them

    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

  • Education
    • All
    • Economics
    • Trading Methods
    • Trading Psychology
    • Trading Room
    • Trading Rules
    • Webinars
    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

    HotSpots for 01/02/2020 for $ES $YM $NQ

    HotSpots for 01/02/2020 for $ES $YM $NQ

    HotSpots for 12/31/2019 for $ES $YM $NQ

    HotSpots for 12/30/2019 for $ES $YM $NQ

    HotSpots for 12/27/2019 for $ES $YM $NQ

    HotSpots for 12/25/2019 for $ES $YM $NQ

  • NYSE Holidays
  • Video
No Result
View All Result
MrTopStep.com LLC
Home Commentary

Throw those reverse thrusters on… for now $ES_F 1675 x 1646

Marlin Cobb by Marlin Cobb
Monday, August 19, 2013
in Commentary, Stocks
0 0
0
Throw those reverse thrusters on… for now $ES_F 1675 x 1646
46
SHARES
329
VIEWS
Share on FacebookShare on Twitter

 

Today’s Economic News:

image

No real news today.


Quote of the Day:
If you destroy a free market, you create a black market.
–Sir Winston Leonard Spencer Churchill

 

Featured Breadth Chart of the Day:

image

Calling for a short term bounce.

Comments and Levels for the Front ES (S&P500 – Emini futures) contract:

Short: 1675
Long:  1646

image

We are expecting to see more selling this week and more oversold, but first a response message by the bulls.  Eventually we want to see some of those 9:1 down side volume days, but we are unsure if it can happen from here but rather just a bit higher.

We would expect the 1646 area to hold today and then some over-confident bulls and scaredy bears to add fuel to an upside move.  That is pure speculation, of course, so we want to watch the open for support of our theory, ticks and the A/D NYSE line along with Russell 2000.   We want the Russell 2000 to lead the A/D race and NYSE to reverse to the positive side.   We also want to see strengthening ticks.

Our swing downside is now down to 1606.

The close on the MiM was decent on the buy-side volume but the close was decidedly down.  Right now as I write we are just about flat on Globex.  We will be sellers of rallies today.

 

On the MiM:

image

The MiM told us there were some big buys on the close but breadth, selling or buying, was non-existent.  The breadth was unable to tip that 66% trigger line, and while there was a 2+point bounce during the close , the overall close was decidedly negative.   We would guess some selling on today’s open to complete the close and then a reversal to the up side today.

If you want to join the meter readers you can go to: http://closingimbalance.com

 

Comments about TLT (Twenty year Bond ETF):

image

TLT continues to slide as we approach the 100 price.  Our next level down was 102.50.  We would expect this area to hold now as it mirrors the previous bounce of +2.5.  We would expect the same type of bounce here to the 105 area.

>>> Follow us @redliontrader<<<<<

 

Breadth Charts in Full :

Zweig Breadth Thrust:

image

Read above on feature chart.


Cumulative Volume Index:

image

Now we are just starting to see the volume accumulate to the down side.

 


Number of NYSE issues trading ABOVE their 40 day moving average (40DPI):

image

We are seeing the breadth of the selling and it is pretty wide-spread.


New Highs / New Lows ratio chart :

image

This will make us think we could get a decent short term bounce.


Trenders :

Short Term Trender –  McClellan Summation Index:

image

Bearish.


Long Term Trender –  Cumulative 4-week Highs – Lows (the fat lady):
image

Bearish.

Thank you for Reading –
Marlin aka RedlionTrader @redliontrader

 

DISCLAIMER: The information and data in the following report(s) were obtained from sources considered reliable. Opinions, market data, and recommendations are subject to change at any time. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any commodities or securities. RedlionTrader.com, its  officers, directors and its contributors may in the normal course of business, have position(s), which may or may not agree with the opinions expressed in this report. RedlionTrader.com, its officers, and directors are not agents, representatives, or affiliates of the CME Group or any trading entity. Trading Futures, Options, 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. Any decision to purchase or sell as a result of the opinions expressed in these report(s) 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.

Hosting and Newsletter service provided by:

image

 

Previous Post

Key Pivots US Edition 8.19.13

Next Post

TLP: Tony’s Mid-Morning Webcast 08.19.2013

Related Posts

Edward Jones: Weekly Update
Commentary

Edward Jones: Weekly Update

Sunday, January 24, 2021
Chart of the Day: Coming Up (Smaller Companies Rally)
Commentary

Chart of the Day: Coming Up (Smaller Companies Rally)

Friday, January 22, 2021
links
Commentary

Danny’s Links: January 22nd 2020

Friday, January 22, 2021
Next Post
TLP: Tony’s Morning Webcast 07.17.2013

TLP: Tony’s Mid-Morning Webcast 08.19.2013

Please login to join discussion

Search

No Result
View All Result

MrTopStep Live Stream

Popular Posts

  • NYSE Holidays 2020 Stock Market Schedule

    NYSE Holidays 2021 | Stock Market Calendar

    2436 shares
    Share 987 Tweet 604
  • S&P 500 projections: What the locals in the pit think

    247 shares
    Share 99 Tweet 62
  • Tuesday more of the same; be long, but careful

    238 shares
    Share 95 Tweet 60
  • The dead cat bounce

    190 shares
    Share 76 Tweet 48
  • After 6 up days in a row, we’re looking for the S&P to go south

    171 shares
    Share 68 Tweet 43

Subscribe to our Newsletter

The information in these Market Commentaries do not constitute a solicitation of the purchase or sale of any futures or options contracts.

Connect

Facebook Twitter Youtube

Office Hours

Monday-Friday: 7:30 AM- 4:00 PM
Order online 24/7

Ph: (207) 358-8545‬

email: info@mrtopstep.com

We Accept

© 2020 - MrTopStep All Rights Reserved.

No Result
View All Result
  • News
  • Products
    • Chatroom Login
    • Wyckoff Trader
    • MIM
    • Polaris Trading Group
    • IM Pro Trading Room
    • The Opening Print
    • FREE Daily Opening Print
  • Stocks
  • Charts
  • Commentary
  • Education
  • NYSE Holidays
  • Video

© 2020 - MrTopStep All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In