"The Dip, The Rip, and The MrTopStep Bootcamp"

on June 1, 2015

It just doesn’t seem to matter what day of the month it is, the MOC sellers are not letting up. Looks like the buyers bought em early and sold em late. The Rats jumped ship.

Tomorrow we have Motor Vehicle Sales, Gallup US ECI, Redbook, Factory Orders and a 4 Week-Tbill Auction.

Same old, same old – Run the sell stops under Fridays 2102.50 low, and run the buy stops up to Fridays highs at 2118.

I hate to repeat myself, but I still think the risk is to the upside.

Thought we would run the buy stops above 2122 last week but had to run some sell stops first.

High: 2117.50 Late
Low: 2100.00 Early
Last: 2111.00 Up 5 Handles
Volume: 1.25mil ESM and 2.2k SPM traded in the pit.
MOC: MiM showed $1.5bil for sale; Actual MOC sell $1.4bil.