“I started in the business working for Dean Witter over 25 years ago and was the head technician for their institutional group, charting the Russell, Mid-Cap, Nikkei, Nasdaq, & the S&P 500 Futures. My expertise does lie in the S&P Future, but have found the 30 Year Bond a huge viable technical future to […]
I don’t know if this is something new or it’s all part of the Fed’s zero borrowing programs. The MrTopStep Trading Rule (https://mrtopstep.com/mts-trading-rules/) I see at work is, “the S&P has to go down before it goes back up.” That’s exactly what it did yesterday. After some headlines about the ECB offering Greece a […]
The 6-year bull market has some cracks, but the S&P still wants to go higher. 2015 could be a challenging year … There have not been many 10% corrections in the S&P 500 futures (ESH15:CME ) recently. In fact, it has been the 5th longest period in the last 50 years without one. I […]
There was an uptick in job creation and a selloff in the S&P futures on Friday. After going out weak at the end of January, the mutual funds bought cash on the close five out of five days last week, and their presence was felt. From last week’s low at 1973.75 to Friday’s high, […]
Next week has a total of 13 economic reports, 9 T-bill or T-bond Auctions or Announcement’s, 1 Federal Reserve Bank President speaking and a slew of earnings. Monday’s trade starts with no economic reports and a 3 and 6 month T-bill auction. In the Opening Print we called for a higher than expected no-farm payroll […]
“Every day I assume every position I have is wrong. At the end of the day, the most important thing is how good you are at risk control.” – Paul Tudor Jones Just before the 1987 Crash several big name hedge funds were selling. How do I know that? Because our desk in the […]
Lots of economic and earnings reports tomorrow, starting with Chain Store Sales, Eric Rosengren speaks, Challenger Job-Cut Report, Gallup US Payroll to Population, International Trader, Jobless Claims, Productivity and Cost, EIA Natural Gas Report, 3 and 6 Month T-bill announcement, Fed Balance Sheet, Money Supply and earnings BTO- $ADS $BDX $ICE $KORS $ODFL $TDC $TEVA […]
European bourses rallied and yields on Eurozone bonds fell after the new Greek government gave up its demand for a write-down on its foreign debt. Crude oil rallied for the fourth straight session The news wires will have one version of why the market rallied and MrTopStep will have another. Ours is that the very […]
Long before the robots took over the trading floor and the pits, men and women used to jump up and down and bid and offer with their hands. Many people used to refer to the floor as a gigantic casino, but things have changed quite a bit over the last 25 to 30 years […]
“News Overload and a Quiet Day for the S&P”