After a very choppy start to February the US jobs report became front and center Friday morning. However, behind the lower than expected non-farm payroll number was the non stop liquidation of some of the largest tech names in the business. It was another scary close on Friday, and it’s not just the drop in […]
Traders were warned earlier in the week about an $11 billion dollar rebalance on the last trading day of January, but before that could happen, the BOJ warmed things up by taking the country’s interest rates to negative borrowing cost. I was online Thursday night when the S&P 500 futures started to rally after Japan […]
Tuesday, after Apple’s earnings came in lower than expected, the ESH16 sold off all the way down to 1878.75 on Globex but caught traders short and covering into the rally prior to the 8:30 CT S&P cash open. After the 8:30 open, the ESH16 rallied up to 1894.25 and then sold off down to 1879.75 […]
7 Day Macro Profile Chart The S&P futures closed out 2014 at 2052.50, and settled at 2049.25 on yesterday’s 3:15 CT futures close, only 3.25 points away from unchanged on the year. After a 10 handle drop on Friday’s close the futures opened lower and sold off down to 2035.25. It’s been a long year […]
High: 2048.50 Mid-Day Low: 2035.25 10:00 CT Last: 2049.00; -1.75 Handles Volume: SUPER LOW, 685k with 83k coming from Globex. MOC: MiM was showing over $200 mil to buy, actual came out BUY $285mil Tomorrow: Redbook, S&P Case Shiller HPI, Consumer Confidence, and a 5 Yr Note Auction. It was thin to win today. Last […]
The U.S. equity markets are entering the final four trading sessions of 2015, and what a year it has been. The first 10% correction since 2011, an ongoing Fed watch as interest rates have risen for the first time in nearly a decade, and a U.S. Presidential race that is shaping up to be very […]
Merry Christmas and Happy Holidays traders. As the markets close out 2015 and move into the new year let’s not forget all the friends and family we have lost of the years. And let’s not forget the poor and suffering that is going on around the world. Below is what MrTopStep believes makes a great […]
2015 December Year End What can we say that has not been said before? Not much, and with a total of 5 trading days left in 2015, Santa has finally shown, up but a big question about the overall integrity of the S&P remains in question. As the Federal Reserve starts to unwind its nearly […]
High: 2057.75 Mid afternoon Low: 2041.75 Early, or after the open Last: 2055.25, UP 20.75 handles Volume: Lower than I expected, under 1 mil ESH and 2k SPH traded in the pit. MOC: MiM showed $200mil to sell, ACTUAL MOC was FLAT to small to sell – Everyone left for Christmas. Tomorrow: Jobless Claims, EIA […]
Oil and S&P Up; FANG Stocks Down