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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

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    The Cotton Row Journal, week of 11-15 Jan

    Cabrera Capital Daily Game Plan

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    GMTT – chart of the day – Coffee – Jan 15, 2021

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    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 |

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Home Commentary

What a bear wants, what a bear needs isn’t in this market right now $ES_F 1679 x 1627

Marlin Cobb by Marlin Cobb
Tuesday, September 10, 2013
in Commentary, News, S&P 500, Stocks
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What a bear wants, what a bear needs isn’t in this market right now $ES_F 1679 x 1627
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Today’s Economic News:

image

Nice data out of Asia and away we go on the market pre New York open.  Not much from Europe and the news from the US today look benign.  It is optimism Tuesday and these days have been very bull friendly.


Quote of the Day:
Honk off, bozo.
–Eno, The Duplex

Featured Breadth Chart of the Day:

image

Not very bearish action here but it is looking like 1680 might be in the works.

 

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

Short: 1679
Long:  1627

image

We find ourselves pinned against the wall again today while we wait for more selling to show up.  Instead  I am getting swept upstream in a buying  frenzy.   That 1679 target is today’s pinned high for us and that makes us very nervous as we are opening right there with an overnight high of 1681.23.  We will be looking for an opportunity to short into this open today.

Breadth, like a big ocean tanker is slowly spinning around into the bulls direction. We still are left very unsatisfied with the selling into the correction and remain stubbornly pessimistic about new highs even though they are  just  a little over 1% away.  We are looking at the closes over the last few days which are stringing together a serious of sells.  If that trend stops and we buy the close today we will feel very very naked indeed.

We have wanted the downside to climax since 1627 and 50 points later it has left us very unsatisfied and frustrated.  This 1679/80 target should satisfy a far number of bulls so we will watch yet again today for an overreach reversal.  Maybe 1679 is what a bear wants.

 

On the MiM:

image

A scratch for the the MiM  yesterday even though there was negative strength.  There was just too much interest in buying all day long to have the sellers at the close put a dent in the day and to turn the price action around like on Friday.

There wasn’t much to make either side on the MiM as price basically slide sideways into the close.

That is 3 days now of selling on the close and 7 of the last 8 even as this market continues to rise.

If you want to join the meter readers you can go to: Join the MiM

 

Comments about TLT (Twenty year Bond ETF):

image

TLT all balled up and consolidating that move down.  We need to watch for a breakout above 104 or below 102.50.

 

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

 

Breadth Charts in Full :

Zweig Breadth Thrust:

image

Not what a bear wants to see, a really decent thrust up to 60.  We need to see the volume drop and the bears take that for weakness.


Cumulative Volume Index:

image

Bullish, there is real new buying in here.

 


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

image

Bullish


New Highs / New Lows ratio chart :

image

We wanted this below 80.  Again a sign of some really good buying. Bullish.


Trenders :

Short Term Trender –  McClellan Summation Index:

image

neutral-bearish.


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

neutral bearish.. We are about to lose the trend to bullish again if the bears can’t turn it in the next 2 days.

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.

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