<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=174932623114557&amp;ev=PageView&amp;noscript=1">

Crude Oil Falls Below Support: Wednesday's Market Forecast

Posted by TopstepTrader on December 06, 2017

The question of the day yesterday - was Crude Oil's ($CLF8) recent rally going to resume ... or would it fizzle? The early answer seems to be that the rally is fizzling - with the caveat that the EIA's Crude Oil Inventories are coming at 9:30 AM CT this morning. Crude Oil seems to have accepted trading below a key level $57.08 - and is currently trading at $56.95 just after the open. 

In other markets, the S&P 500 ($ESZ7) is trading slightly lower - down 2.5 points - after prices sold off 30 points yesterday. That sell off did not help Gold ($GCG8), which remains under pressure. Gold is down roughly $10 this week. Finally, the Euro ($6EZ7) is under a bit of pressure as well, trading towards the lower end of it's most recent range. 

Question of the day: Is the S&P's sell off going to turn into a legit pullback - or is this just a momentary pause before prices resume their uptrend?

Here's Senior Performance Coach John Hoagland talking about the markets and what to watch as you trade today. 

Read More

Topics: Market Updates

This is the Big One! Tuesday's Market Forecast

Posted by TopstepTrader on December 05, 2017

The velocity with which markets sell off nowadays is incredible. As soon as things start to move, they really move. Then, prices start to steady and the longer-term buyers enter the market. It's something that has happened the past few trading sessions in equity markets. 

Whether this is the bull market's last gasp or just a brief respite is really what is left to be seen. For now, markets have steadied with the Emini S&P 500 ($ESZ7) trading up 2 points and the Nasdaq ($NQZ7) up 20. 

Gold ($GCG8) is experiencing some pressure and trading towards the lower end of the recent range and near support at $1,270. Crude Oil ($CLF8) is flat for the day - at $57.50. It seems that the recent rally is at least taking a breather for the moment. Is it going to reignite or fizzle?

Senior Performance Coach John Hoagland goes through all of these markets and the important levels that matter.  

Read More

Topics: Market Updates

Risk On: Monday's Market Forecast

Posted by TopstepTrader on December 04, 2017

At the moment, every stock futures sell off becomes more and more limited. On Friday, following headlines that suggested that turbulence may be ahead for President Trump as it relates to the Russia investigation, markets took a tumble. Then, news broke that ABC News got its sources and headlines wrong and the markets came back. 

Now, with markets excited about tax reform passing the Senate on Friday night, the S&P 500 ($ESZ7) has once again hit a fresh all-time high. 

Meanwhile, Crude Oil ($CLF8) is 1.2% on the trading session to back below $58 per barrel and Gold ($GCG8) has lost $4. 

To get you up to speed on all these movements, Senior Performance Coach John Hoagland runs down markets in today's market forecast.  

Read More

Topics: Market Updates

S&P Leading Markets Higher: Thursday's Market Forecast

Posted by TopstepTrader on November 30, 2017

Equity marketsare bouncing after the Nasdaq ($NQZ7) led a sell-off yesterday. That index has gained back 40 points - or 0.65%. The gains this time though are led by the Emini S&P 500 ($ESZ7), up 0.5% to a new all-time high again today. 

Crude Oil ($CLF8) prices are nearly 1% higher, gaining $0.50 to $57.80 early in Thursday's trading session. At the same time, Gold ($GCG8) is down $4 to $1,282 after briefly touching above $1,300 yesterday. The Euro ($6EZ7) is inside a recent range, trading right at 1.19. 

To get you up to speed on all these movements, Senior Performance Coach John Hoagland runs down markets in today's market forecast.  

Read More

Topics: Market Updates

How to Improve Your Trading Around the Holidays - Coach's Playbook

Posted by TopstepTrader on November 29, 2017

Right now, we are still experiencing great markets - lots of movement, liquidity is high and all the participants seem to be staying engaged. 

But... the good times may not last all month. And you don't really want it to. For many of us, trading is a 24-hour a day obsession. The first thing we do in the morning is check the markets. The last thing we do before bed is brush our teeth. But the thing we do right before that is check the markets. 

In this week's Coach's Playbook, our coaches talk about ways to enjoy the holidays, stick to a good work / life balance, and stay engaged with markets - without feeling the need to do anything that would risk our gains. Please give it a watch and let us know any feedback in the comments. 

Read More

Topics: Market Updates, Performance Coaching, Coach's Playbook

Gold Sells Off, Crude Steady Ahead of EIA: Wednesday's Market Forecast

Posted by TopstepTrader on November 29, 2017

February Gold ($GCG8) is selling off this morning, dropping $9 despite holding firm through much of the S&P 500's ($ESZ7) rally yesterday. Prices are now back below $1,290 after touching above $1,300 overnight. 

In Crude Oil ($CLF8), prices are hovering right below that $58 level for the third day in a row. They could perhaps be waiting for the EIA Inventory numbers to be released at 9:30 AM CT before pushing the price in one direction or another. 

The Nasdaq ($NQZ7) is down 0.4% in early trading, while the S&P 500 is continuing yesterday's gains - up 4 points to above 2630. And you guessed it - that's another all-time high. 

Senior Performance Coach John Hoagland discusses these moves - and more - in today's market forecast. 

Read More

Topics: Market Updates

New Equity Highs, Gold & Interest Rates Roll: Tuesday's Market Forecast

Posted by TopstepTrader on November 28, 2017

As traders walk in this morning, the recent trend is holding. Equity futures - specifically the Emini S&P 500 ($ESZ7) has hit a new contract high. That has pressure on Gold futures ($GCG8), which just rolled to the February contract. Gold is trading down $3 to $1296.

Elsewhere in markets, Crude Oil ($CLF8) is trading slightly lower, but keeps finding support in the $57.40 to $57.50 level. Now, the price is right at the $58 handle. The Euro ($6EZ7) is also trading lower - to below 1.19. 

In today's market forecast, Senior Performance Coach John Hoagland runs through all these markets and the levels that matter. 

Read More

Topics: Market Updates

Back from the Holidays: Monday's Market Forecast

Posted by TopstepTrader on November 27, 2017

Hope that everyone is well rested from the U.S. holiday that caused futures markets to close early on Friday. When the dust did settle on the U.S. Thanksgiving week, the Emini S&P 500 ($ESZ7) set a new contract closing high. This morning, prices are again firm - perhaps on expectations that the U.S. Congress will pass tax reform this week. 

After last week's Federal Reserve Minutes, the U.S. Dollar is under pressure again. The Euro ($6EZ7) has added 24 pips and looks set to test prices at 1.20 - currently trading 1.1965. The Dollar is also lower against the Yen ($6JZ7), British Pound ($6BZ7) and Canadian Dollar ($6CZ7). 

After rising last week on concerns over Canadian production, Crude Oil ($CLF8) is down 1 percent this morning, trading at $58.42. 

For discussion of these and other trading levels, check out what Senior Performance Coach John Hoagland has to say. 

Read More

Topics: Market Updates

Equity Highs on Light Trading Volume: Wednesday's Market Forecast

Posted by TopstepTrader on November 22, 2017

Equity futures continue their years-long trend of moving higher. The Emini S&P 500 ($ESZ7) added another 2 points this morning and is facing resistance at 2600. At the same time, the rally in equities doesn't seem to impact Bond prices - as that yield curve continues to flatten (with the spread between shorter- and longer-dated maturities narrowing). 

Crude Oil ($CLF8) gained 1.5% overnight after a major Canadian pipeline cut Crude supply to the United States. 

With the holiday tomorrow, be wary of taking too much risk. Here's Coach Dan Hodgman with the levels and markets to watch today. 

Read More

Topics: Market Updates

New Highs in Equity Futures: Tuesday's Market Forecast

Posted by TopstepTrader on November 21, 2017

The story this morning is all about equity futures as the Emini S&P 500 ($ESZ7) and Nasdaq ($NQZ7) hit fresh highs, while the Dow Jones Industrial Average ($YMZ7) and Russell 2000 ($RTYZ7) trade just shy of their highs. The latest push comes after the S&P 500 has risen more than 40 points in the last four trading days.

Despite this strength in equities, Gold futures ($GCZ7) are bid this morning and back above $1,280 per ounce. The Euro ($6EZ7) is trading in the middle of its range - right around 1.1750. 

Given that today may be the last day of good trading before the shortened holiday, here's Senior Performance Coach John Hoagland with today's market forecast.

Read More

Topics: Market Updates

Subscribe to Email Updates

Recent Posts

Popular

Posts by Topic

see all