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Trump Impeachment Takes Center Stage - Quick Reference Trial Calendar

Posted by John Doherty on January 20, 2020

Kicking off the week with the Martin Luther King Jr. Holiday may leave some trader’s feeling a bit lethargic. There’s been a lot of time off so far this year. Three weeks into 2020 and there have only been 12 full trading days. I will even go so far as to say a good amount of traders haven’t even started back at it yet.

It’s possible that this trend may continue through the week, but we still want to keep you as informed as possible of upcoming market events.

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Topics: Market Updates, President Donald Trump, video, Market Forecast, Impeachment Trial

Bittersweet New Highs

Posted by John Doherty on January 16, 2020

The Failed Top Trade

Earlier this week I posted a blog article laying out guidelines and best practices for picking tops. As it turns out, this has been a textbook week to put them into practice…

Failed top trades have been a great scalp the last few days. The failed top trade consists of putting an offer in 2 ticks above the high with a 6 tick stop and a 12 tick profit target (for the e-mini S&P 500 futures).

This is the type of trade that should never be turned into a loser once it turns into a small winner. If it goes your way even a little, you should be prepared to scratch before it goes against you.

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Topics: Market Updates, Trader Behavior, Trading Lessons, Trading Psychology, Futures, Equities, E-Mini S&P, Trading Education, Market Forecast

Are You Trying To Pick Tops?

Posted by John Doherty on January 13, 2020

I went out on a limb during Monday morning’s Market Forecast video by saying that the January Break started with the poor jobs report Friday. It was my first contribution to the daily video, and since it wasn’t a very good call, hopefully it won’t be my last. In hindsight, coming out swinging on my first day telling people to short the S&P probably wasn’t the best way to kick things off.

On a quiet news day, a thin-to-win type of trading environment took over, and before the noon hour struck (Central Time) my early call for a pullback was turned to dust. Even though the S&P 500 futures didn't print a new high until near the close, I don’t feel vindicated in the least bit. I know I’m toast on this one. The old adage that says you should “never short a quiet market” rings as true today as the first day it was written.

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Topics: Market Updates, Trader Behavior, Trading Lessons, Trading Psychology, Futures, Equities, E-Mini S&P, Trading Education, Stocks, video, Market Forecast

More Highs Please!

Posted by TopstepTrader on January 09, 2020

Got another one this morning! After the 8:30 CT bell, the S&P 500 and Nasdaq futures both notched another high print on their belts. Dow futures came close, falling shy by just a few ticks, and then came roaring back about an hour later to complete the trifecta! 

I wouldn’t necessarily say we’re off to a booming start, but the S&P 500 futures are up just over 1% since the Dec. 31 close, and has printed a new all-time high in 4 of the 6 trading sessions so far this year.

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Topics: Market Updates, Futures, Equities, Nasdaq, E-Mini S&P, Stocks, Dow

Resilience Is a Thing

Posted by TopstepTrader on January 06, 2020

After sustaining early losses before markets in Asia closed early Monday morning, stocks in the U.S. and Europe slowly began to recover, with the biggest boost coming right on the 8:30 CT opening bell. In the first 2 hours of regular trading hours (RTH), the S&P 500 futures had rallied more than 20 handles, and the Dow and Nasdaq followed close behind.

It’s debatable to say which sector was really the front runner, but most people will say it was tech. In the same time period that the S&P rallied 20 handles, the Nasdaq rallied more than 200 points, with Amazon and Cisco leading the charge.

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Topics: Market Updates, Futures, Equities, E-Mini S&P, Stocks

Will Santa Show For Stocks?

Posted by TopstepTrader on January 02, 2020

ALL-TIME HIGHS! At least in Dow, Nasdaq and S&P Futures. Thanks Santa! 

But how much value does Santa really bring to the stock market after his rally? Well, according to the Stock Trader’s Almanac, the S&P 500 has a high historical probability of posting an average gain of 1.3% in the last five trading days of the year and the first two trading days of the new year (The Santa Claus Rally). 

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Topics: Market Updates, Futures, Equities, E-Mini S&P, Stocks, Holidays

Funded Trader Adam V. Stops by Studio to Talk Gold, Performance Coaching

Posted by TopstepTrader on August 19, 2019

Funded trader Adam V. has been with Topstep for almost 3 years now, and we were lucky enough to have him stop by our Chicago studios Monday to talk about Gold and his journey through the Trading Combine. In this edition of The Weekly Preview, Adam and Dan have a great conversation about the upcoming Fed rate decision, looming market volatility, and why working with a trading coach is so important. We hope you enjoy!

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Topics: Market Updates, TopstepTrader Funded Traders, Gold, Futures, Weekly Preview

🔥Holy Moly... We Got Ourselves a Trade War 🔥

Posted by Jack P. on August 06, 2019

Folks, I must confess that I didn't pay much attention to the markets this weekend. I was both flat, and extremely interested to see what Shaquille O'Neal could do as a DJ at Lollapalooza (the answer is that he continues to be one of America's greatest cultural treasures). It was a rough Monday morning. I placed an online order at the wrong Starbucks, then proceeded to do a literal spit-take once I finally looked at the S&P futures quotes...

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Topics: Market Updates, Futures, Equities, Fed

Professional Wrestling Fans Should Love These Markets

Posted by Jack P. on August 01, 2019

The news driving markets continues to play out like a professional wrestling match. There's a little bit of everything: heroes, villains, threats, heel-turns, over-dramatic commentary. The only major difference is that at least a handful of people at a wrestling match presumably know exactly how it will end (apologies to any readers if we just ruined the magic of the WWE).

Now would be a good time to get caught up on the action so far...

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Topics: Market Updates, Futures, Equities, Fed

Meaty Rally in Lean Hogs as China Buys More Pork

Posted by TopstepTrader on March 28, 2019

US Hog Futures prices are surging. While a swine flu outbreak tightens supplies, rising Chinese purchases of US stock are driving up demand. The trend is worth watching because, even if you’re not hogwild about trading meat futures, prices might be driven even higher by the latest developments on the US-China trade front.

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Topics: Market Updates, Futures, China

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