MrTopStep

The Dax was down -0.75% before the S&P futures cash open at 8:30 CT. On Tuesday the futures sold off and followed through on the overnight Globex session and then tumbled lower in the early part...

S&P 500 Chart Sometimes the markets just go too far and yesterday’s trade was a perfect example of that. After making a 2191 high during Monday’s day session the S&P futures...

Yesterday was more of the same for the benchmark equity index futures. The S&P 500 futures saw Globex strength and made a lower high above 2180 at 2181.50. After a drop going into the cash open,...

Off and running did see both index futures find those pivotal prices, holding sway, leading a move to trade above the pre-market highs on their way to test yesterdays regular session high and last but...

In the following chart, weekly bars of CBOE’s Volatility Index (VIX) are plotted with its 1-year seasonal pattern plotted below. In an average year, VIX typically reaches a low in July and then...

This is going to be short and sweet. The S&P 500 traded up to 2183.25 on Globex, made a high at 2181.25 on the RTH open, then traded in a 8 handle (point) range for the duration of the cash hours....

HIGH: 2181.50 On the Open LOW: 2173.25 Early Afternoon LAST: 2174.75 Down 3.75 Handles TOTAL VOLUME: Less than 1mil ES Traded (including Globex). FOR TODAY: NFIB Small Business Optimism Index,...

Paul Tudor Jones Calls on Quants to Revamp Firm Hurt by LossesThings have changed in the trading world with banks and hedge funds hampered by new rules and regulations. Big bank trading desks are...

Yen Up, Dollar DownIt didn’t seem like it at first, but when Japan added 130 billion to to quantitative easing programs overnight, it was actually sending a negative signal. The yen rallied, the...

The S&P 500 futures (ESU16:CME) closed at 2164.75, down 6.25 handles, or -0.35%. The day’s trade was another great example of the slow end of summer trade. With the futures stuck in a 40...

From the Stock Trader’s Almanac 2016 (page 86), it is known that the first trading days of each month combined gain more points than all other days. However, the first trading day of August does...

Friday’s trade was a good example of traders taking time off. Crude oil sold off and rallied. The S&P 500 initially sold off a little and then started to take out the buy stops above 2168.00...

The markets go up, and the markets go down, but lately they are only going up. After being on the trading floor and running one of the largest S&P 500 futures desks in the history of the CME, I...

Central Banks are at it again and the Fed is perhaps more unclear than ever. We have been hearing this story for the two years, a constant signaling that rates are going higher, but only one rate hike...

Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,210, and profit target at 2,050, S&P 500 index).Our intraday outlook is bearish, and our short-term outlook is...

Yesterday was more of the same that has become the normal the last couple weeks. 1) A new high in globex. 2) Selling on the open. 3) An early low able to be bought. 4) The cash session unable to run...