It’s the May options expiration  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Dow Tops 40,000 as Bulls Roll Ahead It’s the May options expiration Follow @MrTopStep on Twitter and please share if you find our work valuable.   Our View Sixteen years after the 2008 Credit Crisis and zero borrowing costs, the YM (Dow futures) traded 40,000 — something that seemed […]
TODAY’S GAME PLAN:  from the trading desk, this is not research TODAY’S ECONOMIC DATA:  10:00ET Leading Index; 10:15ET Fed’s Waller, Kashkari speak; 11:45ET President Biden speaks; 12:15ET Fed’s Daly speaks HIGHLIGHTS and News:   Microsoft will launch its custom Cobalt 100 chips as a public preview at its Build conference next week GAMESTOP MAY SELL UP TO […]
TODAY’S GAME PLAN:  from the trading desk, this is not research TODAY’S ECONOMIC DATA:  8:30ET Housing Starts, Building Permits, Initial Jobless Claims, New York Fed Services Business Activity, Philadelphia Fed Business Outlook, Import and Export Price Indexes; 9:15ET Industrial Production, Capacity Utilization, Manufacturing (SIC) Production; 10:00ET Fed’s Barr testifies to Senate Committee, Fed’s Barkin on CNBC; […]
TODAY’S GAME PLAN:  from the trading desk, this is not research TODAY’S ECONOMIC DATA:  8:30ET Empire Manufacturing, CPI*, Retail Sales; 10:00ET Business Inventories, NAHB Housing Market Index, Fed’s Barr testifies before House committee; 12:00ET Fed’s Kashkari speaks; 3:20ET Fed’s Bowman speaks; 4:00ET TIC Flows US APRIL CORE CONSUMER PRICES RISE 0.3% M/M, US APRIL CORE CONSUMER […]
TODAY’S GAME PLAN:  from the trading desk, this is not research TODAY’S ECONOMIC DATA:  8:30ET PPI Final Demand; 9:10ET Fed’s Cook speaks; 10:00ET Fed’s Powell, ECB’s Knot speak *US APRIL PRODUCER PRICES RISE 0.5% M/M; EST. 0.3% China rate decision, Eurozone industrial production, GDP, US CPI on Wednesday HIGHLIGHTS and News:   Apple is preparing to sell […]
TODAY’S GAME PLAN:  from the trading desk, this is not research TODAY’S ECONOMIC DATA:  9:00ET Fed’s Mester and Jefferson speak; 11:00ET: NY Fed 1-Yr Inflation Expectations Among the most critical data for the Fed will be April CPI (Wed.), one of two monthly prints the FOMC will have in hand at the June 11-12 meeting (May […]
Buy-stops are building  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Bulls Remain in Control Buy-stops are building Follow @MrTopStep on Twitter and please share if you find our work valuable.   Our View I know the floors are closed, but a few things have not changed.  When the ES backs-and-fills for 3 or 4 days in narrow ranges with historically low […]
TODAY’S GAME PLAN:  from the trading desk, this is not research TODAY’S ECONOMIC DATA:  9:00ET: Fed’s Bowman speaks; 10:00ET U. of Mich. Sentiment, Fed’s Logan speaks, Fed’s Kashkari speaks; 12:45ET Fed’s Goolsbee speaks; 1:30ET Fed’s Barr speaks; 2:00ET Monthly Budget Statement HIGHLIGHTS and News:   OpenAI will announce an AI-powered search product to compete with Google on […]
More upside left in the tank?  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Low Volume Feels Like Summer Trading More upside left in the tank? Follow @MrTopStep on Twitter and please share if you find our work valuable! Enjoy today’s abbreviated Opening Print alongside an expanded guest post.   Our View I don’t pretend to know everything, but something is going […]
TODAY’S GAME PLAN:  from the trading desk, this is not research TODAY’S ECONOMIC DATA:  8:30ET Jobless Claims; 1:00ET 30 Year Bond Auction; 2:00ET Fed’s Daly speaks; 3:00ET Mexico Rate Decision HIGHLIGHTS and News:   Hamas launched two rounds of rocket fire at the American-made humanitarian aid pier for Gaza China’s iPhone shipments rise 12% in March Major […]