Financial News from MrTopStep

  • Collective Intelligence! Mark Fisher Live Trading Event: Thursday May 23rd at 8:00 CT. Traders of all levels have tried to figure out the secrets of Mark Fisher’s ACD Method. This week MrTopStep presents ...

  • Closing Print 5.20.2013 MrTopStep.com - 13 hours ago

      Monday's this year have been the weakest trading day of the week and its showing itself here late in the day. After an early run up the S&P is backing off late in the day. SPM high 1670.80 midday SPM ...

  •   The most hated rally in history continued Friday with the S&P futures ripping into all-time new contract highs on the close. With a large wave of mid-month buying and multiple new contract highs over ...

  • Closing Print 5.17.2013 MrTopStep.com - Fri, May 17, 2013 3:21 PM EDT

      Anyone and everyone that dares to sell or speak out about a TOP gets RUN OVER. As of today's close the S&P is up 10 of the last 12 sessions. It is as they say....A COMPLETE AND TOTAL MELT UP.... HIGH ...

  • Ninja Trader Chart of the Day 5.17.13 MrTopStep.com - Fri, May 17, 2013 2:02 PM EDT

    Perhaps one of the largest of these companies, Wal-Mart ($WMT), has been under some scrutiny lately with earnings reports coming in short of projections and the recent factory fire in Bangladesh claiming ...

  • THE S&P’S LATE-DAY SELLOFF: WHY AND WHAT IT MEANS MrTopStep.com - Fri, May 17, 2013 9:02 AM EDT

    One of MrTopStep's goals is to keep you informed of what is actually happening in the S&P futures without candy coating. No making up things, no fluff, just real market flow. Like we have said hundreds ...

  • RJO Futures Daily Market Update - Equity Futures 5.17.13 MrTopStep.com - Fri, May 17, 2013 8:22 AM EDT

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  • Collective Intelligence! It appears that the pattern , which has developed over the last few weeks is fully in force. The European trading knocks the oil and products down on weak data and the longest ...

  • Closing Print 5.16.2013 MrTopStep.com - Thu, May 16, 2013 3:31 PM EDT

      The S&P is closing xx handles off it's all time high. Stupid stats for a stupid market! S&P up 4 days in a row S&P up 9 of the last 10 days S&P up 11 of the last 13 days Ned Davis stats Up 13/ Down 19 ...

  • S&P 500 FUTURES: TO INFINITY AND BEYOND MrTopStep.com - Thu, May 16, 2013 11:00 AM EDT

    By Vikram Rangala, MrTopStep Chief Operations Officer   Trend is your friend? By now you should be besties. The stock market is testing us right now. It is testing us with two questions. One, why is it ...

  • RJO Futures Daily Market Update - Energy Futures 5.16.13 MrTopStep.com - Thu, May 16, 2013 6:31 AM EDT

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  • Brian's Wednesday Recap: Mid-Month Markup, Safety First! MrTopStep.com - Thu, May 16, 2013 5:23 AM EDT

    Collective Intelligence! David Tepper SPX 1900 buy program, began yesterday with the 6:45CT premarket interview on CNBC and may still be in motion...as we are in the mid-month markup - market tendency ...

  • MTS Video of the Day-Matt Zeman 5.15.13 MrTopStep.com - Wed, May 15, 2013 1:24 PM EDT

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  • If you're wondering why the S&P rallied so hard, it’s simple. As soon as the news algorithms locked onto all the headlines about the S&P going higher and S&P 1900, it was game over. When David Tepper went ...

  • RJO Futures Daily Market Update -Metals Futures 5.15.13 MrTopStep.com - Wed, May 15, 2013 5:13 AM EDT

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  • Collective Intelligence! TSY/RECAP: US Treasuries prices begin NY higher after overnight mixed flows and again off overnight low starting 3:30 am ET. IN TOKYO, Treasuries began firmer amid Japanese funds ...

  • The MrTopStep Interview: David Bedford, Crescent Bay Capital MrTopStep.com - Wed, May 15, 2013 4:58 AM EDT

    After a few minutes with Big Bob I knew he had something on his mind. We talked about mutual friends and how great it was that the kids were graduating together, but I knew he had something he wanted to ...

  • Closing Print 5.14.2013 MrTopStep.com - Tue, May 14, 2013 3:36 PM EDT

      It was an upside bullish stappped today.. Open 1 handle lower and then in comes the RIP Anyone that sold got carried out the door. David Tepper "More Room" on the Upside. SPM high 1649.00 late ...

  • Ninja Trader Chart of the Day 5.14.13 MrTopStep.com - Tue, May 14, 2013 12:26 PM EDT

    Chart Analysis: While gold is not an official currency, or an industrialized metal, the commodity has sent both prospectors and traders on a gold frenzy for a countless number of years.  However, with ...

  • FUTURES TRADING 101: DON’T MAKE IT MORE COMPLICATED THAN IT IS MrTopStep.com - Tue, May 14, 2013 7:53 AM EDT

    I never knew where my first job on the trading floor was going to lead me. It was as a runner in the grain room at the Chicago Board of Trade (CBOT) making 70 bucks a week. It then took me into the bonds ...

  • Brian's Monday Recap: Bond Investors Dreading, While Deficit Shrinks MrTopStep.com - Mon, May 13, 2013 6:54 PM EDT

    Collective Intelligence! Following the minutes from the last FOMC meeting, the Fed Governors echoed they were ready to make adjustments to increase or decrease their QE asset purchases as needed in the ...

  • Closing Print 5.13.2013 MrTopStep.com - Mon, May 13, 2013 6:05 PM EDT

      Monday's always start out the week slow and today was no different. The ES opened a little low, sold off and bounced back up to new contract highs(1632.80)...A new day high by .50 cents. Been a slow ...

  • S&P 500 FUTURES: THE STATS AND THE STARS MrTopStep.com - Mon, May 13, 2013 9:09 AM EDT

    The bears come in, the bears go out, but not the bulls. The bulls just sit pat. One of the things we as traders must be able to do is say we were wrong. Early last week we thought the ES could pull back ...

  • Closing Print 5.10.2013 MrTopStep.com - Mon, May 13, 2013 7:27 AM EDT

      Algo down the crude, algo up the crude. Nothing happened but a lot of losses in between. Thats ok because we had a big week of ups and downs in the S&P and now its Miller time or a Belvedere and lemonade ...

  • Collective Intelligence! SIR MAY I HAVE ANOTHER. The G-7 are meeting this weekend in England to discuss what the central banks can do to prop up the global economy. There is not expected to be any earth ...

  • Ninja Trader Chart of the Day 5.10.13 MrTopStep.com - Fri, May 10, 2013 12:37 PM EDT

    The aggressive quantitative easing program, launched by Bank of Japan President Haruhiko Kuroda in effort to curtail deflation, nearly doubled the amount of Yen in circulation resulting in a devalued currency. ...

  • MrTopStep MidMorning Print 5.10.2013 MrTopStep.com - Fri, May 10, 2013 10:33 AM EDT

     The S&P has gone from small buy programs to sell programs today but still holding yesterday 1620 low. Volume picked up on the sell off in the S&P but the big featurer of the day is crude oil. It sold ...

  • The trend is still your friend, because the only truth is price MrTopStep.com - Fri, May 10, 2013 8:57 AM EDT

    By Vikram Rangala, Guest Editor Everybody seems to know that the bubble should burst. And still it just keeps going up. Doesn’t the market read the op-ed pages? Among the news items we’re supposed to consider: ...

  • RJO Futures Daily Market Update - Equity Futures 5.10.13 MrTopStep.com - Fri, May 10, 2013 7:25 AM EDT

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  • Collective Intelligence! One day’s good news morphs into the next day’s disappointment. The read on China’s inflation and factory prices led to an early sour mood. It puts the PBOC into an uncomfortable ...

  • Closing Print 5.9.2013 MrTopStep.com - Thu, May 9, 2013 3:22 PM EDT

    Have you ever heard of an S&P dipsey doodle? Well, we have! Tuesday they did one, Wedneaday they did one and today they did one. Late in the day the S&P sells off and then rallies into the close and makes ...

  • S&P 1630 and DOW 15,100 BUBBLE MrTopStep.com - Thu, May 9, 2013 11:28 AM EDT

    We have seen this act before and it generally doesn't end well. What is it? Its called a stock market bubble. According to Investopedia a stock market bubble is a type of economic bubble taking place in ...

  • RJO Futures Daily Market Update - Interest Rates 5.9.13 MrTopStep.com - Thu, May 9, 2013 7:20 AM EDT

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  • Collective Intelligence! Overnight the ECB’s Asmussen reiterated Draghi’s comments from Monday, that the central bank was prepared to act further if the economy worsened with the caveat that it was not ...

  • Closing Print 5.8.2013 MrTopStep.com - Wed, May 8, 2013 3:49 PM EDT

    Can you say S&P 500 MELT UP? There are NO PULL backs. Bonds and S&Ps closing higher... whats the deal? SPM high 1629.30 on the cash close SPM low 1618.70 after the open SPM last 1629.30 , up 8.7 handles ...

  • MTS Video of the Day-Matt Zeman 5.8.13 MrTopStep.com - Wed, May 8, 2013 1:26 PM EDT

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  • S&P 500 FUTURES: UP TOO HIGH TO BUY, TOO FIRM TO SELL MrTopStep.com - Wed, May 8, 2013 9:23 AM EDT

    The S&P futures have closed higher 11 out of the last 13 sessions. How long can the markets keep going up? Round and round she goes, where she stops, nobody knows! While we have been bullish all year, ...

  • Collective Intelligence! Global stock markets are higher as printing fever grabs the attention of traders. The U.S. jobs data from Friday is still at the fore of the money movement. Many of the markets ...

  • Broz on Bonds Video 5.7.13 MrTopStep.com - Tue, May 7, 2013 1:56 PM EDT

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  • MTS Video of the Day 5.7.13-Brian Shepard MrTopStep.com - Tue, May 7, 2013 12:20 PM EDT

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  • MrTopStep Chart of the day: S&P Futures Up 10 of the last 12 MrTopStep.com - Tue, May 7, 2013 11:15 AM EDT

    That said, things just look too good. We lean to buying weakness in the bonds and selling rallies in the S&P. Not sure if it works but we think over the next few days it will. That doesn't mean we think ...

  • S&P 500 FUTURES: NOT A GOOD YEAR FOR MARKET TIMERS MrTopStep.com - Tue, May 7, 2013 10:03 AM EDT

    Market timing: The ability to call tops and bottoms and buy and sell when stocks are undervalued or overvalued. There are few jobs in the world that can be as financially rewarding or punishing as trading. ...

  • S&P 500 FUTURES: MRTOPSTEP 1610 UPSIDE OBJECTIVE MET MrTopStep.com - Tue, May 7, 2013 10:03 AM EDT

    Look, there are many ways to skin a cat, but shorting the S&P has not been one of them this year. Every attempt on the downside has been a false start. All these downside false starts do is add fuel to ...

  • RJO Futures Daily Market Update - Currency Futures 5.7.13 MrTopStep.com - Tue, May 7, 2013 7:24 AM EDT

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  • Collective Intelligence! Good stuff from Larry MacMillan. The Total put-call ratio is going to give its official buy signal today. That buy signal is worth 100 points of SPX gains. In the past, there have ...

  • Closing Print 5.6.2013 MrTopStep.com - Mon, May 6, 2013 4:48 PM EDT

      Friday's S&P new high was 1614.20. Today's new high is 1615.20. Let's face it, as long as the Fed's printing presses are printing new money, there is no fighting this! High 1615.20 Low 1609.50 Last 1613.25 ...

  • MTS Video of the Day 5.6.13-Tim Haefke MrTopStep.com - Mon, May 6, 2013 12:27 PM EDT

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  • Ninja Trader Chart of the Day 5.6.13 MrTopStep.com - Mon, May 6, 2013 8:20 AM EDT

    Today’s NinjaTrader Chart of the Day powered by the unfiltered, professional market data from Kinetick takes a look back at the SP500 index ($SPY) over the past 18 months.  Let’s break down some key statistics ...

  • Collective Intelligence! Jobs, jobs and more jobs … than previously reported … how the heck did they miss the upward revisions in the first place? Suck in the shorts on the lower data … and BLAMMO!!! Unemployment ...

  • Headlines are not used to trade MrTopStep.com - Mon, May 6, 2013 6:58 AM EDT

    During the weekend we have all been bombarded by headlines such as: Better Than Expected NFP Drives S&P and DOW To New All-Time-Highs S&P 500, Dow, and Germany’s DAX Rise to All-Time Highs On NFP Figures ...

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