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Trump Tariffs, Leisurely Trade Negotiations Tank Equities (Again)

Posted by TopstepTrader on May 14, 2019

President Trump’s Twitter feed, which has become perhaps the best leading indicator for equities lately, sent a strong sell signal last Friday morning after the President suggested that, “there was absolutely no need to rush” trade negotiations with China. This comes after a week of saber rattling that sent markets into a volatile tailspin.

This bearish setup was confirmed when the President revealed that the administration was still in the process of implementing 25% tariffs on an additional $325-billion-worth of Chinese goods.

The stock market initially took this breaking trade news… not well.

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Topics: Trading Basics, Futures, Trading Setups, E-Mini S&P, volatility

Earnings Season: A Boom or Bust for Equities Rally?

Posted by TopstepTrader on April 10, 2019

Time for earnings. Several large banks release results on Friday, and the floodgates on first-quarter reports open wide the following week. With the S&P 500 up sharply year to date, the rally will be tested when companies discuss the outlook for the remainder of 2019.

Here's why that matters.

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Topics: Nasdaq, E-Mini S&P, Crude Oil

CME to Launch Micro E-mini Futures in May

Posted by TopstepTrader on March 14, 2019

Smaller versions of popular stock index futures contracts are on the way. CME Group announced this week that it will list Micro E-mini futures in May. The new products will equal one-tenth of some of the more popular stock index futures contracts today and these new vehicles are intended to make index futures trading more accessible to individual investors.

And before you ask, we know what you're thinking: Will TopstepTrader offer some of these new indexes if and when they become available?

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Topics: Futures, E-Mini S&P, CME

This is How to Trade a Trend Line Breakout

Posted by TopstepTrader on June 04, 2018

Since making new, all-time highs in January and then crashing 10% in February, the E-Mini S&P has consolidated. As the chart below indicates, it put in lower highs in March and April, but each lower high was also accompanied by a higher low. 

To anyone looking at the daily candlestick chart (shown above) the market was clearly gearing up for its next move. In this episode of The Trade, Coaches Dan Hodgman and John Hoagland revisit the breakout as prices approached that descending trend line on May 7, 8 and 9.

They talk about how they analyzed the market at the time, why it may have been more natural to take a short position as the market approached that line (with a stop above), and why the E-Mini typically doesn't confirm breakouts higher with high volume. 

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Topics: Performance Coaching, Trading Basics, Futures, Trading Setups, The Trade, E-Mini S&P

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