- The Daily Energy Technical Report 7.18.13 MrTopStep.com - Thu, Jul 18, 2013 7:09 AM EDT
But there are still weaknesses to overcome. This notion was underscored by new housing starts that fell 9.9% in June. However, energy caught a bid following the DOE inventory report that showed a sharp ...
- A dark picture MrTopStep.com - Thu, Jul 18, 2013 4:26 AM EDT
Do you think Mr Bernanke's testimony was foggy enough? Since last December, the Fed has been saying short-term interest rates—now near zero—won't go up at least until the jobless rate drops below 6.5%, ...
- Brian's Wednesday recap: The only one trading was the July call guy MrTopStep.com - Wed, Jul 17, 2013 5:48 PM EDT
Collective Intelligence! Today started with a modest 290k ESU and 1.6k SPU traded on Globex, trading range was 1678.50 – 1666.00. Tuesday’s regular trading hours (RTH’s), pit session trading range was ...
- Closing Print 7.17.2013 MrTopStep.com - Wed, Jul 17, 2013 3:30 PM EDT
Can you say up a day down a day during the July Expiration?! The great Bernanke is ready to adjust up or down.... Today is the first time in 4 days the S&P dis over 1 million contracts in a long time. ...
- July Vix Settlement MrTopStep.com - Wed, Jul 17, 2013 12:15 PM EDT
VRO 1-Year {jathumbnailoff} tradingvix.com
- Broz on Bonds 7.17.13 MrTopStep.com - Wed, Jul 17, 2013 11:54 AM EDT
Trade up thru 136.06 targets 137.05 and 137.15. Trade below 132.08 seeks 125.21. 10-Year Treasury Notes: “Post”-Bernanke if trade is above the pivot we need to favor a move to 127.16 and 127.24. (Those ...
- Bask in Bright Biotech $ALKS $IBB MrTopStep.com - Wed, Jul 17, 2013 9:25 AM EDT
A total of five companies were identified, two small caps (less than $1 billion) and three mid caps (from $1 to $5 billion). The basis for these trades is biotechnology’s favorable season as detailed on ...
- WHEN BULLISH IS BEARISH: THE CURRENT ES HARMONIC PATTERN MrTopStep.com - Wed, Jul 17, 2013 8:49 AM EDT
Guest post by MrTopStep contributor Kathy Garber of StructuralTrading.com ESU13 has completed a bearish harmonic pattern. A bearish pattern during formation behaves in a bullish move until the completion. ...
- Bulls and Pivots MrTopStep.com - Wed, Jul 17, 2013 8:15 AM EDT
Trade up thru 136.06 targets 137.05 and 137.15. Trade below 132.08 seeks 125.21. 10-Year Treasury Notes: “Post”-Bernanke if trade is above the pivot we need to favor a move to 127.16 and 127.24. (Those ...
- The Daily Energy Technical Report 7.17.13 MrTopStep.com - Wed, Jul 17, 2013 7:02 AM EDT
Disappointing earnings moved equities marginally lower, but the investment world holds their breath in anticipation of Bernanke’s testimony on Wednesday. As has been reported by nearly every business news ...
- Brian's Tuesday recap: Down day breaks the progression MrTopStep.com - Tue, Jul 16, 2013 4:52 PM EDT
Collective Intelligence! Italy Bank Bad-Loan Ratio Rose to 6.9% in May vs 5.6% Yr Ago and BANK LOANS TO PRIVATE SECTOR FELL 3.3% YOY IN JUNE. Albie said a friend just came back from Italy, visiting family, ...
- Broz on Bonds 7.16.13 MrTopStep.com - Tue, Jul 16, 2013 12:00 PM EDT
Bull-hold of 135.03-08 lets them test 136.06. Remember, below 132.08 there is NOTHING until 125.21. 10-Year Treasury Notes: Trade could just chop around this pivot until the market hears Bernanke; the ...
- Scorching Temps Drive Up Natural Gas $NG_F MrTopStep.com - Tue, Jul 16, 2013 11:29 AM EDT
This unique commodity has a dual demand season based on hot and cold weather temperatures. In the United States, natural gas, coal, and refined petroleum products are used as substitutes in electric power ...
- A CURRENCY TRADER'S VIEW OF A LONG-TERM BOTTOM MrTopStep.com - Tue, Jul 16, 2013 9:30 AM EDT
Guest post by MrTopStep contributor Tim LuCarelli of FXAddicts.com This week begins the downside of the year, with less than 6 months to Jan. 1, 2014. The first half of the year stocks did well, the dollar ...
- RJO Futures Daily Market Update-Currency Futures 7.16.13 MrTopStep.com - Tue, Jul 16, 2013 8:51 AM EDT
Click Here to Watch
- Apple Straddle MrTopStep.com - Tue, Jul 16, 2013 8:42 AM EDT
The iPhone is no longer light years ahead of its competitors, and same thing may apply to the iPad. The iPad Mini is to the iPad what the Nano was to the iPod (not a harbinger of success). Bascially, if ...
- Look for the Bigger Picture MrTopStep.com - Tue, Jul 16, 2013 8:07 AM EDT
Remember, below 132.08 there is NOTHING until 125.21. 10-Year Treasury Notes: Trade could just chop around this pivot until the market hears Bernanke; the pivot is a longer-term level….favor the bears ...
- The Daily Energy Technical Report 7.16.13 MrTopStep.com - Tue, Jul 16, 2013 7:04 AM EDT
Retail sales in the US rose 0.4% in June, but most of that was due to higher priced gasoline and sales of cars. It was lower than the Street was looking for; expectations called for a growth of 0.6%. Egyptians ...
- Option Volumes 7.15.13 MrTopStep.com - Mon, Jul 15, 2013 7:42 PM EDT
VIX VXX SPX SPX WEEKLY SPY QQQ NDX DIA GLD DATA:CBOE {jathumbnailoff} tradingvix.com
- Brian's Monday recap: Sweating it out on a slow summer day MrTopStep.com - Mon, Jul 15, 2013 5:36 PM EDT
Collective Intelligence! Weak overseas demand hit China’s GDP in its latest reading. The year-on-year growth was 7.5%, softer than the 7.7% forecast. It will be an acid test for the new economic policy ...
- Closing Print 7.15.2013 MrTopStep.com - Mon, Jul 15, 2013 3:28 PM EDT
As of Today the S&P Futures have closed higher is out of the last 14 trading days... As of today the S&P has closed higher 7 out of the last 7 days As of Today's close the S&P is up 149% since making its ...
- Broz on Bonds 7.15.13 MrTopStep.com - Mon, Jul 15, 2013 12:37 PM EDT
Watch this pivot for direction… 10-Year Treasury Notes: There is still resistance up at 126.25; I think if the bulls can take out 127.03 that is where they can start to re-assert and take trade up to 127.285….To ...
- Trading Markets and Fades MrTopStep.com - Mon, Jul 15, 2013 10:04 AM EDT
Getting trade above 135.08 changes things….bringing 136.06 and 136.23 into play….taking trade below 132.08 brings 124.16 into play. Watch this pivot for direction… 10-Year Treasury Notes: There is still ...
- THE S&P 500: ALL-TIME NEW CONTRACT HIGHS MrTopStep.com - Mon, Jul 15, 2013 9:03 AM EDT
Last week ended with several positives, from the housing markets to the Fed keeping its quantitative easing program going. This will more than likely be the tone when Bernanke testifies before the House ...
- $DIA Performance Around July Options Expiration MrTopStep.com - Mon, Jul 15, 2013 8:21 AM EDT
On expiration day, Friday, the bias shifts to bearish with just 13 gains in 31 years. On Friday the average loss is a significant 0.35%. Option expiration week as a whole has produced more gains than losses ...
- RJO Futures Daily Market Update-Grains Futures 7.15.13 MrTopStep.com - Mon, Jul 15, 2013 7:33 AM EDT
Click Here to Watch
- The Daily Energy Technical Report 7.15.13 MrTopStep.com - Mon, Jul 15, 2013 7:00 AM EDT
Much of the rally was inspired by a surging rbob price that tagged more than 12 cents per gallon on the price at one point, but it still managed to settle nearly ten-cents higher on the day. Analysts attribute ...
- China and the Chittagon tea auction MrTopStep.com - Mon, Jul 15, 2013 4:02 AM EDT
I'm not upset that you lied to me, I'm upset that from now on I can't believe you. Friedrich Nietzche This quote from Nietzche states exactly what I'm feeling this morning after having been through the ...
- Brian's Friday recap: No news is good news as big banks beat MrTopStep.com - Fri, Jul 12, 2013 5:34 PM EDT
Collective Intelligence! Today started with a light 202k ESU and 700 SPU traded on Globex, trading range was 1672.50 – 1666.70. Thursday’s regular trading hours (RTH’s), pit session trading range was 1671.80 ...
- Closing Print 7.12.2013 MrTopStep.com - Fri, Jul 12, 2013 3:58 PM EDT
The SPU opened strong and went straight up to 1670.20, about 7 handles short of its all time high. The 30year bond got up to 134.28, before retreating back to just below 134. The fed and when tapering ...
- Beware the late Friday pop in S&P MrTopStep.com - Fri, Jul 12, 2013 3:42 PM EDT
We're watching the S&P climb towards a test of the high and discussing it in the IM-Pro chat room. My simulated account is long and profiting. And the MIM (MrTopStep Imbalance Meter) which we designed ...
- Scorching Summer Temps Drive Up Natural Gas MrTopStep.com - Fri, Jul 12, 2013 1:09 PM EDT
In the United States, natural gas, coal, and refined petroleum products are used as substitutes in electric power generation. Electric power generators switch back and forth, preferring to use whichever ...
- Broz on Bonds 7.12.13 MrTopStep.com - Fri, Jul 12, 2013 12:00 PM EDT
10-Year Treasury Notes: All the pivotals…here’s how I see it: 126.00 DOES lend support but I’ll favor the bears there for a test of 125.225 – and then consider 225 the key to direction the rest of the ...
- Market Update 7.12.13 MrTopStep.com - Fri, Jul 12, 2013 11:42 AM EDT
VIX is at 13.93 (-.57%), with a session high of 14.04. Again, another day with big Put side volume, which could mean big put sellers ahead of next weeks expiration. We are seeing super heavy action in ...
- Summer Rally Short Setup and Two New Long Ideas MrTopStep.com - Fri, Jul 12, 2013 11:00 AM EDT
The best win was $19,150 in 2002, and the worst loss was in 2009, posting a $12,650 bereavement. For six of the past eight years this July break has either arrived early or did not materialize resulting ...
- Did You Leave Money on the Table Yesterday??? MrTopStep.com - Fri, Jul 12, 2013 10:35 AM EDT
Significantly, this close is 1 bp above the 50 day and 200 day moving average. Expect a test of the 128 bps level (38.2% Fibonacci). Did you leave money on the table yesterday??? {jathumbnailoff}
- Financial Stocks Don't Believe Bernanke: Here Is Why MrTopStep.com - Fri, Jul 12, 2013 10:24 AM EDT
Yet, Bernanke's dovish tone (print more money statements) yesterday has not seen the large financial stocks like JPMorgan Chase & Co. (JPM) and Wells Fargo & Co (WFC) rally. While the whole market is up ...
- US EQUITIES RECOUP $1 TRILLION IN 7 WEEKS; S&P 1700 ON TAP MrTopStep.com - Fri, Jul 12, 2013 9:03 AM EDT
Traders need a map, a guide to the terrain, as well as a plan for how to get to the destination and exit. They also understand that “the map is not the territory,” as psychologists say, and prepare for ...
- A Breakout is Needed MrTopStep.com - Fri, Jul 12, 2013 8:41 AM EDT
10-Year Treasury Notes: All the pivotals…here’s how I see it: 126.00 DOES lend support but I’ll favor the bears there for a test of 125.225 – and then consider 225 the key to direction the rest of the ...
- $SPY Second-Half July Break MrTopStep.com - Fri, Jul 12, 2013 8:04 AM EDT
The best win was $19,150 in 2002, and the worst loss was in 2009, posting a $12,650 bereavement. For six of the past eight years this July break has either arrived early or did not materialize resulting ...
- The Daily Energy Technical Report 7.12.13 MrTopStep.com - Fri, Jul 12, 2013 7:27 AM EDT
The motivating force for the bulls in this entire rally has been the calendar spreads and the arb. Once they turned, there was no other alternative but to take profits. For example, Aug/Dec crude fell ...
- Brian's Thursday recap: Naz leads rally; new highs for GOOG and Dow MrTopStep.com - Thu, Jul 11, 2013 5:19 PM EDT
Collective Intelligence! FED CHAIRMAN BERNANKE SAYS INFLATION, JOBS SIGNAL MORE FED STIMULUS NEEDED. "The overall thrust of policy is highly accommodative." “They” say that if Bernanke had one ...
- Closing Print 7.11.2013 MrTopStep.com - Thu, Jul 11, 2013 4:49 PM EDT
Again, today was all about the Fed and Bernanke...Fears of the Fed raising rates and tapering. From the start it was off to the races...never looking ack to reach a high of 1671.80. The morning was quiet, ...
- SBAC: Joining the Shorts MrTopStep.com - Thu, Jul 11, 2013 2:25 PM EDT
One answer might be that SBAC will reform into a REIT.American Tower (AMT) , SBAC's much larger competitor recently did transform itself into a REIT. Morphing your company from a growth stock that does ...
- Market Update 7.11.13 MrTopStep.com - Thu, Jul 11, 2013 2:14 PM EDT
Session low came in at 1662.25, with a overnight low of 1657.50. FYI, the 50 dma is now 1624. Looks like it is going to be another slow day. Yen and Euro our giving up some of their massive gains we saw ...
- The Stock Market Is Right At Its All-Time Closing High MrTopStep.com - Thu, Jul 11, 2013 1:15 PM EDT
To read the article by Sam Ro in Business Insider please Click Here
- Broz on Bonds 7.11.13 MrTopStep.com - Thu, Jul 11, 2013 12:00 PM EDT
10-Year Treasury Notes: Weakness will target 124.18 and 124.10; I’m not looking for a bounce at either – trade thru 124.10 will go after 123.27. (trade below 123.27 can fall at least a point). While the ...
- The Fed is Driving the Bus...and Whipping It Around MrTopStep.com - Thu, Jul 11, 2013 11:36 AM EDT
{jathumbnailoff} To read more from Curve Trades please Click Here
- Early Market Update 7.11.13 MrTopStep.com - Thu, Jul 11, 2013 10:29 AM EDT
European indexes are higher, with the DAX up .97%. We have the 10-Year at 2.587%. Will be interesting to see where we go from here, especially at the current overbought levels in the ES. Europe's VIX (V2X) ...
- $AAPL Short Trade Complete MrTopStep.com - Thu, Jul 11, 2013 9:42 AM EDT
We never enter a long trade unless we have an expectation of making 35%, but shorts are another story. Being able to identify and take short term trades of 10-20% on shorts is enough to get us interested. ...