TRADING 101 REVISED 11-18-2012 | 2nd REVISION 04-20-2013 Trading Rules 101 is a combination of patterns and observations we have learned on the trading floors of the Chicago Board of Trade and the Chicago Mercantile Exchange over the last 35 years. Much of it was made up during the time the desk worked the phone for […]
20 November, 2023 How was your weekend?Australia are the Cricket World Cup Champions! Across markets Australian shares are set to open higher after robust gains in US energy producers and a strong rebound in crude oil, amid surging bets that OPEC and its allies will extend output cuts.ASX futures indicated shares are poised to rise 0.4 […]
Index Futures Net Changes and Settlements: Contract Settlement Net Change +/-% S&P 500 (ESH18:CME) 2711.50 +12.75 +0.47% Dow Jones (YMH18:CBT) 25,013 +231 +0.92% Nasdaq 100 (NQH18:CME) 6788.75 +28.25 +0.41% Russell 2000 (RTYH:CME) 1536.40 +8.20 +0.53% Foreign Markets, Fair Value and Volume: In Asia 11 out of 11 markets closed higher: Shanghai Comp +0.63%, Hang Seng […]
As you all know I am not one to hide or cower. That said this year has been a trying year for me both in my personal and professional life. Over the courses of my career on the trading floor I was able to ‘get in and get out and not fall in love […]
The S&P futures (ESM16:CME) sold off late in the day Wednesday and rallied a ‘few’ points on the close when Facebook reported record earnings. Everything looked fine in the world of central bank quantitative easing until 11:00 pm when the Bank of Japan (BoJ) threw a curveball at the global markets by offering no additional […]
Yesterday the S&P 500 built on top of European weakness and sluggish earnings to see a near 20 handle pullback from contract close-to-close. The S&P 500 index futures found initial resistance at the 2100 area, making a late Wednesday high of 2105.25 before selling into the close then revisiting up to 2104 in Thursday’s globex […]
Yesterday, the global markets closed weak and the S&P futures went along for the ride on the first day of the Federal Reserve’s two day meeting. The day’s trade was highlighted by some big name earnings (AAPL) and the Fed’s ongoing push to raise interest rates. On the cash close the Dow futures (YMZ15:CBT) closed […]
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TODAY’S GAME PLAN: from the trading desk, this is not research DATA/HEADLINES 9:45ET MNI Chicago PMI; 2:00ET Cash Bond Market Close Wishing Everyone a Happy New Year! TODAY’S HIGHLIGHTS and News: Global merger and acquisition activity in 2023 fell 17% There is $1.9 Trillion of net treasury coupon supply in 2024 vs ~$1 Trillion in […]
Volumes are plunging I Love the Holiday Seasonality Trade for Stocks Volumes are plunging Follow @MrTopStep on Twitter and please share if you find our work valuable! Our View I don’t have anything to say other than look at the volume. Yesterday’s volume was the lowest since May 8th, which […]
Nasdaq Down Four In A Row, Longest Losing Streak Since November 2016