Friday’s trade topped off a bad month for the S&P, and if you follow the old adage of “How January goes, goes the year,” then February could get off to a rough start. We thought there could be some month-end buying by the mutual funds, and despite the big rally Thursday the S&P did […]
The S&P 500 futures (ESH15:CME) continued its “shake & bake” price action yesterday with the E-mini S&P futures trading all the way up to 2046.50 in Globex after Apple reported better than expected earnings. It then sold off to 2011.00 at 1:30 CT and then all the way down to 1991.50 on the 3:15 futures […]
As oil sold off and volatility in the stock market surged in the beginning of 2015, few traders expected all the big ups and downs we have seen so far this year. With three trading days left in January, we expect the wild swings and volatility will persist right into February and beyond. 2015 […]
There is a BLIZZARD heading toward the East Coast and the NYSE won’t close. Why don’t the people that run these exchanges understand the floors are all electronic!?! After Friday’s S&P emini volume dropped to 1.3mil, yesterday’s 1.25 million contracts clearly showed that traders are cutting back. After a few good downside false starts in January, […]
BLIZZARD heading toward the East Coast and the NYSE won't close !!! Its all electronic !! whats wrong with you guys?
A few years ago MrTopStep noticed a pattern called the “Late Friday Rip.” For several weeks, every Friday afternoon the S&P futures would rip higher. As the idea caught on and more traders were watching for it, the pattern stopped working, just like Mutual Fund Monday did years ago. Over the years I have been […]
Remember.. there are no dress rehearsals when it comes to trading..
The ECB exceeded expectations yesterday with a total of 60 billion in asset purchases per month and the S&P 500 reacted in kind. The idea is to continue at €60 billion a month at least until September 2016. The ECB said further purchases beyond that depend on whether the inflation outlook is consistent with its inflation […]
I know that this may make me sound old. Maybe I am. I started on the Chicago Board of Trade trading floor over 37 years ago. There were still chalkboards on the walls and antiquated phone equipment. The trading floors have evolved and the industry has, too. When I began as a runner a customer […]
“S&P 500 Futures and the Algorithmic Arcade”