Quotes by TradingView
Tuesday, May 24, 2022
Premium: TradeChat
No Result
View All Result
MrTopStep
  • News
    • All
    • Reuters Business
    CME Loses Key Battle in Potentially Costly Trader Lawsuit

    CME Loses Key Battle in Potentially Costly Trader Lawsuit

    24X5 Options Trading Begins Sunday, November 21

    ICE Notice

    ICE: Margin Rates Update for ICE Futures U.S. Oil Contracts

    ICE: Margin Rates Update for ICE Futures U.S. Gas Contracts

    CME Group Globex Labor Day Holiday Schedule

    Margin Rates Update for ICE Futures U.S. Power Contracts

    AP: US COVID-19 cases rising again, doubling over three weeks

    CME Group – US Independence Day Holiday Schedule: July 2-6, 2021

  • Products
    • Chatroom Login
    • Wyckoff Trader
    • MIM
    • Polaris Trading Group
    • IM Pro Trading Chat Room
  • Stocks
    • All
    • Apple
    • Dow Jones
    • Earnings
    • Facebook (FB)
    • Goldman Sachs (GS)
    • IPO
    • M&A
    • Markets
    • Mining
    • Nasdaq
    • NYSE
    • Russell 2000
    • S&P 500
    • Twitter (TWTR:NYSE)
    • VIX
    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 25 MAY: ASX to edge up | US stocks stumble on Snap, data | Alvo Minerals sets the wheels in motion at Brazilian Palma Project |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 24 MAY: ASX finishes down 0.3pc, tech plunges 3pc | Monger Gold confirms copper-gold mineralisation at Providence prospect | Singapore April core inflation rises 3.3%, fastest in a decade |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 24 MAY: ASX to rise | Dow rebounds 600 points on banks | Blue Star nears approval to progress Galactica/Pegasus and Voyager helium wells |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 23 MAY: ASX ekes out gain; Codan soars 14pc, Incitec tumbles | Archer Materials granted Australian patent for CQ quantum computing chip | Japan April consumer inflation beats BOJ target for 1st time in 7 years |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 23 MAY: ASX to open lower | Labor sweeps to power | EZZ works to catch e-commerce Southeast Asia growth wave |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 20 MAY: ASX closes 1.2pc higher, buoyed by tech | Nova Minerals unveils ‘significant’ lithium results at subsidiary Snow Lake’s project | Asian shares jump as China cuts key lending benchmark |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 20 MAY: ASX to slip as markets waver | Caravel confirms the copper keeps coming at Bindi West Limb |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 19 MAY: ASX closes 1.6pc lower; Wesfarmers, JB Hi-Fi tumble | Big-name investors, politicians embracing oil and gas | Indian shares fall nearly 2% on inflation jitters |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 19 MAY: ASX to plunge as inflation fears trigger Wall Street rout | Growth aplenty as Plenti delivers positive cash NPAT for FY22 |

    Trending Tags

    • FEEDID-6
    • FEEDID-51
    • FEEDID-44
    • FEEDID-31
    • FEEDID-21
    • FEEDID-16
    • FEEDID-36
    • FEEDID-10
    • feedid-56
    • feedid-58
    • feedid-61
    • feedid-59
    • feedid-60
    • feedid-62
    • feedid-63
    • feedid-65
    • feedid-66
  • Charts
    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 25 MAY: ASX to edge up | US stocks stumble on Snap, data | Alvo Minerals sets the wheels in motion at Brazilian Palma Project |

    Chart of the Day: Pay Attention to Precedent

    Chart of the Day: Pay Attention to Precedent

    Cabrera Capital Daily Game Plan

    Cabrera Capital Daily Game Plan

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 24 MAY: ASX finishes down 0.3pc, tech plunges 3pc | Monger Gold confirms copper-gold mineralisation at Providence prospect | Singapore April core inflation rises 3.3%, fastest in a decade |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 24 MAY: ASX to rise | Dow rebounds 600 points on banks | Blue Star nears approval to progress Galactica/Pegasus and Voyager helium wells |

    Chart of the Day: Pay Attention to Precedent

    Chart of the Day: Pay Attention to Precedent

    Cabrera Capital Daily Game Plan

    Cabrera Capital Daily Game Plan

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 23 MAY: ASX ekes out gain; Codan soars 14pc, Incitec tumbles | Archer Materials granted Australian patent for CQ quantum computing chip | Japan April consumer inflation beats BOJ target for 1st time in 7 years |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 23 MAY: ASX to open lower | Labor sweeps to power | EZZ works to catch e-commerce Southeast Asia growth wave |

  • Commentary
    • All
    • Market Recap
    • MrTopStep
    Chart of the Day: Pay Attention to Precedent

    Chart of the Day: Pay Attention to Precedent

    Market Trading Hours for Memorial Day 2022

    Danny’s View:  S&P 500 – Who’s The Boss? The Dead Cat Or The Bonds?

    Danny’s View: S&P 500 – Who’s The Boss? The Dead Cat Or The Bonds?

    Chart of the Day: Pay Attention to Precedent

    Chart of the Day: Pay Attention to Precedent

    Danny’s View:  $1.9 Trillion In Options Expired On Friday And The Bulls Were Saved

    Danny’s View: $1.9 Trillion In Options Expired On Friday And The Bulls Were Saved

    Danny’s View:  S&P 500 Finishes Lower After Choppy Session

    Danny’s View: S&P 500 Finishes Lower After Choppy Session

    From the Desk of Wyckoff Trader

    From the Desk of Wyckoff Trader

    Danny’s View:  Weak Retail Earnings Send The S&P And Nasdaq Down  Over 4%

    Danny’s View: Weak Retail Earnings Send The S&P And Nasdaq Down Over 4%

    Danny’s View:  ES Rallies 240 Points From The Low. How Much Gas Is In The Tank?

    Danny’s View: ES Rallies 240 Points From The Low. How Much Gas Is In The Tank?

  • Education
    • All
    • Economics
    • Trading Methods
    • Trading Psychology
    • Trading Room
    • Trading Rules
    • Webinars
    Chart of the Day: AMZN Stock

    Chart of the Day: PINS Stock

    Chart of the Day: AMZN Stock

    Chart of the Day: Trading the S&P 500 and the S&P Futures

    Here’s Why You Need Mr. Top Step

    Here’s Why You Need Mr. Top Step

    Chart of the Day: AMZN Stock

    Chart of the Day: Etsy Stock Tumbles

    Chart of the Day: AMZN Stock

    Monthly Trading Time: The Good, The Bad and The Ugly

    Chart of the Day: AMZN Stock

    Chart of the Day: Can Apple Stock Hit Record Highs?

    Chart of the Day: AMZN Stock

    Chart of the Day: Can GOOGL Stock Stay Up?

    Chart of the Day: AMZN Stock

    Chart of the Day: GameStop Stock Raises Capital

    Chart of the Day: AMZN Stock

    Chart of the Day: Another Go at Amazon Stock

  • NYSE Holidays
  • Video
  • News
    • All
    • Reuters Business
    CME Loses Key Battle in Potentially Costly Trader Lawsuit

    CME Loses Key Battle in Potentially Costly Trader Lawsuit

    24X5 Options Trading Begins Sunday, November 21

    ICE Notice

    ICE: Margin Rates Update for ICE Futures U.S. Oil Contracts

    ICE: Margin Rates Update for ICE Futures U.S. Gas Contracts

    CME Group Globex Labor Day Holiday Schedule

    Margin Rates Update for ICE Futures U.S. Power Contracts

    AP: US COVID-19 cases rising again, doubling over three weeks

    CME Group – US Independence Day Holiday Schedule: July 2-6, 2021

  • Products
    • Chatroom Login
    • Wyckoff Trader
    • MIM
    • Polaris Trading Group
    • IM Pro Trading Chat Room
  • Stocks
    • All
    • Apple
    • Dow Jones
    • Earnings
    • Facebook (FB)
    • Goldman Sachs (GS)
    • IPO
    • M&A
    • Markets
    • Mining
    • Nasdaq
    • NYSE
    • Russell 2000
    • S&P 500
    • Twitter (TWTR:NYSE)
    • VIX
    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 25 MAY: ASX to edge up | US stocks stumble on Snap, data | Alvo Minerals sets the wheels in motion at Brazilian Palma Project |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 24 MAY: ASX finishes down 0.3pc, tech plunges 3pc | Monger Gold confirms copper-gold mineralisation at Providence prospect | Singapore April core inflation rises 3.3%, fastest in a decade |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 24 MAY: ASX to rise | Dow rebounds 600 points on banks | Blue Star nears approval to progress Galactica/Pegasus and Voyager helium wells |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 23 MAY: ASX ekes out gain; Codan soars 14pc, Incitec tumbles | Archer Materials granted Australian patent for CQ quantum computing chip | Japan April consumer inflation beats BOJ target for 1st time in 7 years |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 23 MAY: ASX to open lower | Labor sweeps to power | EZZ works to catch e-commerce Southeast Asia growth wave |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 20 MAY: ASX closes 1.2pc higher, buoyed by tech | Nova Minerals unveils ‘significant’ lithium results at subsidiary Snow Lake’s project | Asian shares jump as China cuts key lending benchmark |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 20 MAY: ASX to slip as markets waver | Caravel confirms the copper keeps coming at Bindi West Limb |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 19 MAY: ASX closes 1.6pc lower; Wesfarmers, JB Hi-Fi tumble | Big-name investors, politicians embracing oil and gas | Indian shares fall nearly 2% on inflation jitters |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 19 MAY: ASX to plunge as inflation fears trigger Wall Street rout | Growth aplenty as Plenti delivers positive cash NPAT for FY22 |

    Trending Tags

    • FEEDID-6
    • FEEDID-51
    • FEEDID-44
    • FEEDID-31
    • FEEDID-21
    • FEEDID-16
    • FEEDID-36
    • FEEDID-10
    • feedid-56
    • feedid-58
    • feedid-61
    • feedid-59
    • feedid-60
    • feedid-62
    • feedid-63
    • feedid-65
    • feedid-66
  • Charts
    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 25 MAY: ASX to edge up | US stocks stumble on Snap, data | Alvo Minerals sets the wheels in motion at Brazilian Palma Project |

    Chart of the Day: Pay Attention to Precedent

    Chart of the Day: Pay Attention to Precedent

    Cabrera Capital Daily Game Plan

    Cabrera Capital Daily Game Plan

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 24 MAY: ASX finishes down 0.3pc, tech plunges 3pc | Monger Gold confirms copper-gold mineralisation at Providence prospect | Singapore April core inflation rises 3.3%, fastest in a decade |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 24 MAY: ASX to rise | Dow rebounds 600 points on banks | Blue Star nears approval to progress Galactica/Pegasus and Voyager helium wells |

    Chart of the Day: Pay Attention to Precedent

    Chart of the Day: Pay Attention to Precedent

    Cabrera Capital Daily Game Plan

    Cabrera Capital Daily Game Plan

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 23 MAY: ASX ekes out gain; Codan soars 14pc, Incitec tumbles | Archer Materials granted Australian patent for CQ quantum computing chip | Japan April consumer inflation beats BOJ target for 1st time in 7 years |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 23 MAY: ASX to open lower | Labor sweeps to power | EZZ works to catch e-commerce Southeast Asia growth wave |

  • Commentary
    • All
    • Market Recap
    • MrTopStep
    Chart of the Day: Pay Attention to Precedent

    Chart of the Day: Pay Attention to Precedent

    Market Trading Hours for Memorial Day 2022

    Danny’s View:  S&P 500 – Who’s The Boss? The Dead Cat Or The Bonds?

    Danny’s View: S&P 500 – Who’s The Boss? The Dead Cat Or The Bonds?

    Chart of the Day: Pay Attention to Precedent

    Chart of the Day: Pay Attention to Precedent

    Danny’s View:  $1.9 Trillion In Options Expired On Friday And The Bulls Were Saved

    Danny’s View: $1.9 Trillion In Options Expired On Friday And The Bulls Were Saved

    Danny’s View:  S&P 500 Finishes Lower After Choppy Session

    Danny’s View: S&P 500 Finishes Lower After Choppy Session

    From the Desk of Wyckoff Trader

    From the Desk of Wyckoff Trader

    Danny’s View:  Weak Retail Earnings Send The S&P And Nasdaq Down  Over 4%

    Danny’s View: Weak Retail Earnings Send The S&P And Nasdaq Down Over 4%

    Danny’s View:  ES Rallies 240 Points From The Low. How Much Gas Is In The Tank?

    Danny’s View: ES Rallies 240 Points From The Low. How Much Gas Is In The Tank?

  • Education
    • All
    • Economics
    • Trading Methods
    • Trading Psychology
    • Trading Room
    • Trading Rules
    • Webinars
    Chart of the Day: AMZN Stock

    Chart of the Day: PINS Stock

    Chart of the Day: AMZN Stock

    Chart of the Day: Trading the S&P 500 and the S&P Futures

    Here’s Why You Need Mr. Top Step

    Here’s Why You Need Mr. Top Step

    Chart of the Day: AMZN Stock

    Chart of the Day: Etsy Stock Tumbles

    Chart of the Day: AMZN Stock

    Monthly Trading Time: The Good, The Bad and The Ugly

    Chart of the Day: AMZN Stock

    Chart of the Day: Can Apple Stock Hit Record Highs?

    Chart of the Day: AMZN Stock

    Chart of the Day: Can GOOGL Stock Stay Up?

    Chart of the Day: AMZN Stock

    Chart of the Day: GameStop Stock Raises Capital

    Chart of the Day: AMZN Stock

    Chart of the Day: Another Go at Amazon Stock

  • NYSE Holidays
  • Video
No Result
View All Result
MrTopStep
Home Commentary

S&P 500 Futures; Low Volume Grind Higher

Danny Riley by Danny Riley
December 23, 2015
in Commentary, E-mini S&P 500, MrTopStep, News, S&P 500
0 0
0
New whistleblower joust over high-speed trades – NY Post
16
SHARES
114
VIEWS
Share on FacebookShare on Twitter

rp_financial_markets_bank_of_america_settlement.jpg

While the S&P has been slow coming into the station it seems to have finally started moving toward the seasonal grind higher this week. After making a higher 1991.00 low Friday, Monday’s session produced a 1995.75 low with the ESH16 taking off to the upside in the final minutes of the session. We warned people about what would happen when the big trading firms started to let people take time off for the holidays and how MrTopStep’s ‘thin to win’ would prevail. With two consecutive sessions of lower volume, and tighter ranges, it appears that while it may be early to call, Santa’s sleigh is headed to Wall Street.

Yesterday, bears had ample opportunity to break down price action, first overnight when the ESH traded down to 2007.25, more than 25 handles from the globex high, then shortly after the cash open when the index futures traded nearly 15 handles from the highs in the first hour. However, when the sellers let off above the globex lows, that was all bulls needed to flood in and push the S&P back to the opening print. As the futures were trading sideways, and just started to make new highs going into 12:00 CT, I went on the IMPRO and institutional chat making traders aware that the the typical, ‘thin to win’ rip was about to take place. Check out your charts and do a time and sales compared to the thread below.

ICEchat ( 12:39:17 PM ): (driley) 680k ESH trade / thin to win taking over / nothing but upside buy stops

ICEchat ( 1:00:10 PM ): (driley) Shorts Beware

ICEchat ( 1:01:07 PM ): (driley) as more people leave for the holidays the volume will continue to drop and the ES will go up

ICEchat ( 1:37:25 PM ): (driley) I think the ESH closes on its highs today

Thin to Win

From The MrTopStep’s Trading Rules:

“Thin to win. This term is our shorthand for a situation when the volume is thin, yet the price is moving fast and far. Without the counterweight of other participants, a small group of traders or algorithms can push markets much further than they would otherwise go. While the lack of volume makes it harder to fill large orders, smaller orders can get filled at greater profit if they are lucky or well-timed. And of course, an attractive price can bring in new volume, despite the thinness of the move.”

To download your own copy of the MrTopStep’s Trading Rules click here.

It’s Christmas week and with today’s trade expected to be light, especially after the morning’s economic releases, and given the half day tomorrow with Friday being closed, we are keeping it light this week. Even MrTopStep has to slow down and take in the holiday before kicking off 2016.

In Asia, 9 out of 11 markets closed higher (Shanghai Comp %-0.43), and in Europe 10 out of 12 markets are trading sharply higher (DAX +1.72%). Today’s economic calendar starts with the MBA Mortgage Applications, Durable Goods Orders, Personal Income and Outlays, New Home Sales, Consumer Sentiment, and the EIA Petroleum Status Report.

MrTopStep Year End Settlement Price Contest

2015 Year End Settlement Contest

Enter now for a chance to win $1,000!!!

Our View: Overnight, the world equity markets continued their rally. with the European markets being especially this morning. If there is any chance for a market move this week it will be on this mornings Durable Goods Orders and New Home Sales, but we aren’t expecting more than a quiet initial reaction. This is the time of the month when the stats start getting seriously firm into the end of the month, thus creating a very difficult environment to short. MrTopStep’s view is that as long as the S&P continues to make higher lows then the path of least resistance is to lean on any intraday pullbacks as an opportunity to buy weakness.

As always, please use protective buy and sell stops when trading futures and options.

 

    • In Asia 9 out of 11 markets closed higher : Shanghai Comp. -0.43%, Hang Seng +0.96%, Nikkei -0.16%
    • In Europe 11 of 12 markets are trading sharply higher : CAC +1.88%, DAX +1.72%, FTSE +2.06% at 5:00am CT
    • Fair Value: S&P -8.90 , NASDAQ -8.10, Dow -95.64
    • Total Volume: 1.1mil ESH and 5k SPH

[s_static_display]

Tags: ybangf
Previous Post

Andy’s View: QQQ

Next Post

Stock markets show pre-Christmas cheer

Related Posts

Chart of the Day: Pay Attention to Precedent
Charts

Chart of the Day: Pay Attention to Precedent

May 24, 2022
Commentary

Market Trading Hours for Memorial Day 2022

May 24, 2022
Danny’s View:  S&P 500 – Who’s The Boss? The Dead Cat Or The Bonds?
Commentary

Danny’s View: S&P 500 – Who’s The Boss? The Dead Cat Or The Bonds?

May 24, 2022
Next Post
From the Trading Floor to the Screens; Trying to Make Sense of it all

Stock markets show pre-Christmas cheer

Please login to join discussion

Search

No Result
View All Result

MrTopStep Live Stream

Popular Posts

  • NYSE Holidays 2020 Stock Market Schedule

    NYSE Stock Market Holidays 2022 | Stock Market Calendar

    3225 shares
    Share 1303 Tweet 801
  • 1920s Stock Market Chart

    398 shares
    Share 159 Tweet 100
  • Introduction to T-Theory – Magic-T

    376 shares
    Share 150 Tweet 94
  • S&P 500 projections: What the locals in the pit think

    330 shares
    Share 132 Tweet 83
  • Market On Close: Trend down day and the MOC capitulated but sector wise a bit bullish.

    320 shares
    Share 128 Tweet 80

Subscribe to our Newsletter

The information in these Market Commentaries do not constitute a solicitation of the purchase or sale of any futures or options contracts.

Connect

Facebook Twitter Youtube

Office Hours

Monday-Friday: 7:30 AM- 4:00 PM
Order online 24/7

Ph: (207) 358-8545‬

email: info@mrtopstep.com

We Accept

© 2020 - MrTopStep All Rights Reserved.

No Result
View All Result
  • News
  • Products
    • Chatroom Login
    • Wyckoff Trader
    • MIM
    • Polaris Trading Group
    • IM Pro Trading Chat Room
  • Stocks
  • Charts
  • Commentary
  • Education
  • NYSE Holidays
  • Video

© 2020 - MrTopStep All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Free Webinar: MrTopStep Year End

Free Webinar: Looking at the Year End and 2021

With Danny Riley and the Team

Monday, December 7th @ 7pm ET

Register Now! (Limited room)