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The Trend In The Stock Market Is Getting Stronger


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S&P 500 Futures--- S&P 500 is trading higher for the 2nd consecutive session up another 6 points at 2583 after settling last Friday in Chicago at 2578 continuing his grinding bullish trend hitting another all time high in today's trading session.

If you have read any of my previous blogs you understand that I am extremely bullish the entire equity market which also includes the NASDAQ 100 and the Dow Jones as I see nothing bearish as we are starting to enter the extremely bullish holiday season as 2600 is probably going to be tested in next week's trade so stay long.

If you are involved in a bullish position continue to place the stop loss under the 10 day low which stands at 2542, however in Tuesday's trade that will be raised to 2555 as the chart structure will start to improve on a daily basis as excellent earnings continue to propel prices higher and I don't see anything stopping this trend at the current time.

I am certainly not recommending any type of bearish position I think that would be absolutely foolish as prices are trading far above their 20 and 100 day moving average as this by far has been the strongest trend in 2017 and with the tax cuts looming this market could go much higher in my opinion as the stock market certainly loves the Trump administration's agenda towards businesses especially with repatriation of trillions of dollars coming back to the United States from overseas.TREND: HIGHER CHART STRUCTURE: SOLID

If you are looking to contact Michael Seery (CTACOMMODITY TRADING ADVISOR) at 1-312-224-8140 I will be more than happy to help you with your trading or visit www.seeryfutures.com

Skype Address: mseery TWITTER---@seeryfutures

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Email: mseery@seeryfutures.com

If youre looking to open a Trading Account click on this link www.admis.com

There is a substantial risk of loss in futures and futures options. Furthermore, Seery Futures is not responsible for the accuracy of the information contained on linked sites. Trading futures and options is Not appropriate for every investor.



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About the author


Michael is the sole owner of SEERYFUTURES.COM which is a commodity futures and options consulting, advisory, and educational firm.

Michael frequently appears on multiple business networks including Bloomberg News, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He also writes market commentary for several commodity websites and is interviewed for commodity comments by the Wall Street Journal. He is also a guest on First Business, which is a national and internationally syndicated business show.
 
Michael started his career in 1990 at the Chicago Board of Trade as a runner. He soon worked his way up to becoming a Series 3 broker. He works with seasoned traders as well as novice beginners educating them on trading the futures markets as well as using simple and complex option strategies. Michael covers all markets including grains, metals, energies, and all other futures markets that are traded.
 
To Michael the biggest lesson any trader needs to learn is risk management. Michael believes this is the most important factor in trading. He also works with traders to help them determine the proper risk for their trading style. Michael has spent a lot of time educating his clients to help them understand trading strategies and trading techniques while enjoying spending quality time with customers going over the markets or just talking general trading philosophies.

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