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Stock Prices Hit All Time Highs Again


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S&P 500 Futures--- The S&P 500 in the December contract is hitting all-time highs for the 3rd consecutive trading session up only 1 point at 2590 selling off slightly from session highs as this market remains extremely bullish and if you're long a futures contract place the stop under the 10 day low which now stands at 2555 and in Friday's trade will be raised to 2562 tightening up the monetary risk.

Very strong corporate earnings continue to propel the market higher as well as tax reforms right on the horizon as there is a lot of bullish fundamental news such as low unemployment & strong worldwide economies so continue to play this to the upside as I'm certainly not recommending any type of bearish position.

The entire equity market is trading above its 20 and 100 day moving average as this trend has been the strongest in 2017 as I think that will continue for the rest of the year and possibly for years to come as our GDP growth is at 3% with expectations of 4%/5% in the spring of 2018 which would be remarkable in my opinion as I do think this is going to be very bullish the depressed commodity markets which are extremely cheap compared to stock prices at this time.

Volatility in the stock market is low as the Vix indicator which is also known as the fear indicator is at a 10 year low as we just continue to grind higher on a daily basis. TREND: HIGHER CHART STRUCTURE: EXCELLENT VOLATILITY: LOW

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

FREE TRIAL FOR THE LIMIT UP COMMODITY NEWSLETTER

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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