TopstepTrader

S&P Daily Pre-Market Prep 3/23/17

Posted by Peter Davies on March 23, 2017

Well- the sky seems to have taken a break from falling... We've bounced up for now but the market will still be feeling the sting from the drop. So on any break down, we have a very good chance of sellers piling in again.

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Topics: Market Updates

S&P Daily Pre-Market Prep 3/22/17

Posted by Peter Davies on March 22, 2017

"The sky is falling", "Market loses confidence in Trumps plan", "a 5% stock market correction is coming"...

Funny how the financial press didn't mention any of this impending doom yesterday morning. Today they are all reporting financial armageddon.

Bottom line is they've not had that much to say for a while as the markets have been flat. Now it's moved, they need to squeeze the most 'news juice' out of it.

If you want to trade today well - you really need to tune that all out.

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Topics: Market Updates

S&P Daily Pre-Market Prep 3/21/17

Posted by Peter Davies on March 21, 2017

Volatility is gradually reducing, not what we want to see. So now I am without bias and waiting for something to wake the market up.

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Topics: Market Updates

S&P Daily Pre-Market Prep 3/20/17

Posted by Peter Davies on March 20, 2017

I'm on the lookout for us developing to a range. Looking at 2351.50-2398 potentially.

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Topics: Market Updates

S&P Daily Pre-Market Prep 3/17/17

Posted by Peter Davies on March 17, 2017

A pretty flat day yesterday, so no 'resolution' after the FOMC.

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Topics: Market Updates

S&P Daily Pre-Market Prep 3/16/17

Posted by Peter Davies on March 16, 2017

A nice pop up on the FOMC. First order of today - are we going to keep it? If we look left, we are close to the all time highs and a rejection there would leave us potentially in a narrow range 2351.75-2400.

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Topics: Market Updates

S&P Daily Pre-Market Prep 3/15/17

Posted by Peter Davies on March 15, 2017

As Market held at the 51.50 level (were had 51.25 on our watch list). We can't read too much into that medium term because it's FOCM today and a likely rate hike. So we have to let that wash out first.

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Topics: Market Updates

March Madness Bracket Challenge

Posted by TopstepTrader on March 14, 2017

March Madness is back at TopstepTrader (futures products edition)! Fill out your predictions of winning futures products for your chance to win a free Trading Combine® and other exciting prizes in honor of the March Madness Tournament.

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Topics: Events & Promotions

S&P Daily Pre-Market Prep 3/14/17

Posted by Peter Davies on March 14, 2017

As expected Monday was lackluster with little movement. 

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Topics: Market Updates

S&P Daily Pre-Market Prep 3/13/17

Posted by Peter Davies on March 13, 2017

 

Still looking at 2 scenarios
1 - Market finds support at a recent level (may have already happened)
2 - Market moves into a nice 100 point range

We may not get an answer till after the FOMC - rates are supposed to go up so we could start the week in a holding pattern till that happens.

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Topics: Market Updates

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