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Has The Stock Market Topped Out ?

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S&P 500 Futures--- The S&P 500 in the December contract settled last Friday in Chicago at 2582 while currently trading at 2576 lower for the 2nd consecutive session down about 6 points for the trading week as I still remain bullish the entire equity market at the present time.

If you are long a futures contract continue to place the stop loss at the 10 day low which stands at 2562 which is very close to today's price levels as prices have stalled out right near all-time highs in recent trading days as the tax cuts may have been stalled for another year as that has put pressure on prices this week.

In my opinion Congress is absolutely ridiculous as no Democrat will vote for the tax cuts and the Republicans can't get out of their own way as this is an embarrassing situation as something should be very easily accomplished and might not be until next year for some reason.

Corporate earnings have been outstanding recently as I think that will continue especially seasonally speaking as we enter the holiday market as prices generally continue to climb so continue to play this to the upside while placing the proper stop loss as I see no reason for a bearish trade at this time despite the fact of a possible tax cut delay.




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

Skype Address: mseery TWITTER---@seeryfutures



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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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