MrTopStep

Every day, the mainstream financial experts attempt to explain away fluctuations in stock market trends with some “fundamental factor” du jour, all of which boil down to this: good news...

How about those settle prices today. Both indexes finally found a common ground for the first time in awhile. It all but kept the beat of the drum to higher ground. I mentioned that paper came into...

The days of the guys standing in the pits are numbered. The NYMEX closes on Dec 30th, and while the CME Group (NASDAQ:CME) trading floor still has people on it in Chicago, many desks are just a few...

With the Dow Jones futures (YMZ16:CBT), S&P 500 futures (ESZ16:CME), Nasdaq Futures (NQZ16:CME) and Russell 2000 futures (TFZ16:ICE) all trading at new all time highs, many traders we talk to are...

Buy The Dip Still Working‘It takes days and weeks to knock the S&P down, and only 1 day to bring it back.’ This trading rule rang loud and clear yesterday. After trading down to 2179...

Bears Get Their DayLast week followed a shortened holiday week, and with the number of heavy economic releases on the calendar, we speculated that volume would increase. We also thought that after the...

ES Down 1% This On The WeekI called it, the bears eventually got their way this week. A few days ago I said that after 3 weeks of gains the S&P would trade down 1% on the week, and believe it or...

It’s 12:15 CT and the S&P 500 futures are trading 2206.75, up 3.25 handles, or + 0.17%. Crude oil futures just traded up to $49.50, up over 9%. Everything is moving. Gold trades down to...

November has been a record month for the stock market. The Dow Jones Industrial Average is up over +6%, the S&P +4.1%, the Nasdaq Composite is up +1.75% and the Russell 2000 is up a whopping...

It was a quiet start to the week. The S&P 500 futures (ESZ16:CME) opened 5.25 handles lower on the 8:30 CT futures open. The CBOT’s 10 year note was up 12/32nds, crude oil futures (CLF7:NYM)...

S&P Up Three Weeks in A RowOn Wednesday the S&P futures (ESZ16:CME) traded up to 2203.50. The days total volume including, Tuesdays nights globex session, was one million contracts. Wednesday...

Since Super Tuesdays limit down move, the S&P futures (ESZ16:CME) have rallied 175 handles, or 7.75%, in 10 trading days. Below are the net changes from a week before the election to...

HIGH: 2195.25 ew All Time High! LOW: 2184.75 Early LAST: 2192.75 Up 12 Handles TOTAL VOLUME: 880k minis, and 300 bigs traded in the pit. FOR TOMORROW: Redbook, Existing Home Sales, Richmond Fed...

HIGH: 2143.50 MID DAY LOW: 2119 EARLY LAST: 2133.50 UP 3.5 HANDLES TOTAL VOLUME: 1.35 mil minis, and 550 bigs traded in the pit FOR TOMORROW: Bank Reserve Settlement, MBA Mortgage Applications,...

After the announcement on Friday that the FBI was resuming their inquiry into the Clinton emails, and then some damaging Wikileaks showing John Podesta’s emails, the U.S. equity markets already...

Nasdaq Futures has been floating inside harmonic patterns Crab and Shark PRZ (Potential Reversal Zone aka completion zone for harmonic pattern) since August. There have been multiple attempts to go...