Most users and readers that see or use Mr. Top Step’s Market Imbalance Meter what we call the “MiM” tend to use it near the open and the close. However, it can also be used for playing a month-end rotation.
Generally, the MiM is used for finding the overall market’s daily imbalance. That is, which way the orders are leaning as we near the close. Is the market “big to sell?” Will there be “a big flip to buy in the final 10 minutes?”
The MiM was an important tool for traders just a few weeks ago. While Mr. Top Step’s Danny Riley called out the bottom in the ES within two minutes and two points, the MiM helped confirm the move he was looking for; it provided the confidence bulls needed to press their longs into the close.
Release the McCracken.
Freshman Colten McCracken delivered the most dramatic finish of the weekend, sending Lenoir-Rhyne to the Men’s DII Semifinals with 16-15 overtime comeback win Sunday.
He dodged to outside the hash marks, and with two Tampa defenders on him rolled inside to his left and scored with four seconds left in overtime on a jumping twister while taking a hit.
His teammates came storming onto the field, running around their home Moretz Stadium after capping a comeback that saw the Bears down as many as five goals.
Eric Dickinson (2G, 4A), Kyle Hatcher (4G), Bryce Reece (4G) and Toron Eccleston (2G, 2A) led the Bears offensively. Zach Bodeau got the better of an elite face-off matchup, winning 19-of-34, and goalie Noah Johnson made 12 saves.
D-II Men's Rewind: Recapping the Opening Rounds of the NCAA Tournament usalaxmagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usalaxmagazine.com Daily Mail and Mail on Sunday newspapers.
As Danny Riley will note in this morning’s Opening Print, Wednesday’s price action was tough. Trading the S&P 500 or its futures contract was not an easy task. The latter shed 2.1% in the session, dropping more than 87 points.
The Dow didn’t fare much better. The futures contract dumped 675 points, falling 1.97% on the day. That followed Tuesday’s session, where the index fell 485 points and after it made new all-time highs on Monday.
The undercurrents in the market have been tough, with some groups performing well and some groups performing dreadfully (looking at you, growth stocks).
Are we hitting a turning point though?
So many times people wonder why they should be subscribed to a trading or investing service. They want to know what the ROI is. Sometimes though, it’s hard to quantify. Education, real-time thoughts those don’t exactly show up as a percentage-based return. Sometimes at Mr. Top Step though, we
do get a concrete idea on returns.
Just look at what happened on Thursday May 6th.
The S&P 500 futures contract ended higher by roughly 34 points on the day, up 0.82%. But those in the Mr. Top Step chat room were able to snag almost all of that move in an hour.