This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Opening Print

With the final days of September down, October started out mixed with an "up a day, down a day" price action. The selloff really didn't start until last week, but by the end of the week the S&P began to firm. Who could have guessed that the S&P was going to reverse ship and rally over 5% so quickly? pullquote This morning global shares both in Asia and Europe are trading on fresh five-year highs. Today starts with the leading indicators number and some Fed speak out of Daniel Tarullo, Charles Evans and Jeremy Stein. /pullquote

Today the October options expire at 3:15 CT. Yesterday I thought the S&P would pull back, but the December E-mini S&P 500 futures (ESZ13) gapped three handles lower, made its low on the open, and rallied 20 handles. It's 6:00 am and the (ESZ13) is up 2.75 handles at 1730.75. Our view? The S&P has closed higher five out of the lastsix6 sessions for a total of 91.3 handles. While the Ned Davis stats show today as being an up day, we lean to selling the early rally and buying weakness.

As always, use stops and keep an eye on the 10-handle rule. Don't forget to catch MrTopStep on The Closing Print video found under the OptionsTV page (top bar). We report directly from the SPX pits, wrapping up the day and positioning for trade tomorrow.

OptionsProfits can be followed on Twitter at

MrTopStep can be followed on Twitter at

For LIVE futures chat, more information on the 10-handle rule and futures educational content CLICK HERE FOR A SEVEN-DAY FREE TRIAL.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%
YHOO $44.52 0.00%


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports