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MrTopStep MrTopStep

MrTopStep's Opinion & Analysis.
Featured here: a complete archive of all posts and research produced by MrTopStep, including current material.
S&P 500 Back And Fill: 1900 On Tap By Danny Riley - Apr 25, 2014

The S&P 500 closed lower yesterday for the first time in seven trading days, losing 4.16 or -0.22%. The Dow Jones Industrials fell 12.72 points or-0.08% and the NASDAQ Composite...

S&P Up 4 Days In A Row: Due For A Drop? By Danny Riley - Apr 22, 2014

The S&P has closed higher four out of the last four sessions. Despite the nearly 90-handle selloff the S&P has regained its footing and settled above 1850 last Friday. With all the talk about...

Stock Market Mudslide By Danny Riley - Apr 15, 2014

The Dow Jones Industrial Average is -2.6% in April and the S&P is down -3%. And it happened in less time than it takes the milk in your fridge to expire.Despite the recent downdraft, U.S.-based...

S&P 500 Futures Up 7 Of Last 9 Sessions By Danny Riley - Apr 11, 2014

Stocks advanced for the second day in a row, backed by a fresh batch of positive economic and earnings news and a bounce back in technology stocks. The S&P 500 closed 20.2 points higher, or...

S&P: 645 Days Since Last Correction By MrTopStep - Apr 03, 2014

 The S&P is going up again, making new record highs, and this Friday the estimates for the non-farm payrolls number may add to the push higher. The S&P 500 [SNP:^GSPC] traded into its...

Real Traders vs. The Algos By Danny Riley - Apr 01, 2014 1

After watching “60 Minutes” Sunday night and reading Tim Worstall’s story in Forbes, “Michael Lewis Is Entirely Wrong About High Frequency Trading Hitting The Little...

S&P Down Five In A Row, Six Of Last Seven By Danny Riley - Mar 28, 2014

The S&P 500 [SNP:^GSPC] closed out the day with minor losses as the NASDAQ Composite closed at its lowest level in seven weeks, down 22 points or -0.50%, to 4151, its lowest close since Feb. 10....

S&P 500: Trying For New Highs? By Danny Riley - Mar 26, 2014

The US equity benchmark S&P 500 closed up 9 points or +0.50% to 1867.00. After an early morning rally the S&P reversed and then rallied again in what most traders said was a very choppy...

S&P 500 Futures Down 3 Out Of The Last 4 By Danny Riley - Mar 25, 2014

The ESM14 did what we thought it would do Monday morning; it sold off. After many years of following the Pit Bull’s trading rules I have found on those few occasions that I forget or overlook...

Crude Oil: Watch 99.55 By MrTopStep - Mar 18, 2014

Crude oil is building energy for the next swing move and 99.55 is the pivot to watch.Sellers WinIn my Mar. 11 edition of the Opening Print (The Battle Over 100 in Crude Oil) I wrote: “The OTF...

S&P 500: Turning Less Bullish? By Danny Riley - Mar 17, 2014

Geopolitical concerns continued to weigh on the S&P 500 during Friday’s trade as the index closed out the week with its worst loss since January. Despite the uncertainty, investor sentiment...

S&P 500 Moves Up; Russia Moves In By Danny Riley - Mar 14, 2014

In the world of international cat-and-mouse, the Russians seem to have the world on the run. While the S&P 500 [CME:SPH14] has sold off over the last few days, the overall sell pressure tied to...

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